Why go Into Your own Business Sick and tired of working long hours for a little pay? You may be ready to become the owner of your own business. Many people are finding that owning your own business is the only way to truly obtain their independence and survive these troubled economic times. Here are some ideas how owning a business benefits you: 1. Independence – As you know, you will have no employer directing your every move. Instead you will have the autonomy to make your own decisions and be in charge of your own success. However, there is a trade off. You may no longer have a single boss; you now will have many customers each of which is your “new” boss. 2. Benefits exclusively for you – All profits of the business are yours. 3. Manageable work time – You will no longer need to punch a time clock or be accountable to anyone but your customers. You control your time. 4. Develop creativity – Here you get a chance to be innovative and creative. Put your talents to good use. Who do we consider self-employed? A self-employed person is someone who works solely for himself instead of having an employer, gaining income from a business or trade operated solely by you. You are considered to be self-employed if you: - Pursue a trade or business as an independent contractor or sole proprietor. - A member of a partnership pursuing a trade or business. Starting your own business requires careful planning and effort. Planning is the major factor for a business to be successful. It may be tedious but the rewards are remarkable. It also entails thorough examination and research. There is an enormous risk in starting a business for you and many do not succeed. Before you enter into this new venture make sure that you have thoroughly studied the pros and cons of having a business of your own. With proper planning up front, eventually all your hard work will pay off! Daniel H. Wright is a small business entrepreneur for 3 years. He started his business with weight loss product being marketed on the web. Today he is now a successful business owner online.