There are pros and cons with everything, but the benefits of being a business owners far outweigh the cons. Here are 3 reasons why owning a business is better than working at a job.
1. You do not own your job. It is only being rented out to you temporarily. You may think you are safe and secure on your job if you have been employed for awhile, but you better believe as soon as your company needs to cut back on expenses for whatever reason that they will not hesitate to drop you like a bad habit.
2. The tax laws are made for the small business owner. A business owner gets to spend his or her money first and then pay taxes. Small business owners also get to deduct a lot of their expenditures from their taxes.
Employees get taxed out of the ying-yang every time they get a paycheck. Then if they are lucky at the end of year, the government might give them a little bit back on their tax returns.
3. It is hard to get rich working at a job. It is not impossible to get rich working at a job, but it is a challenge...especially if you are financially illiterate.
You also have no leverage at your job, so it will more than likely take you much longer to acquire wealth.
One of the simplest forms of leverage a business owner has is the ability to leverage the time and resources of other people. One way that they can do this is by hiring employees.
If you want to own a business, it is important to realize that there is a learning curve to go through.
An employee may spend anywhere from 4-8 years and tens of thousands of dollars to acquire the skills and knowledge to work at a "good job".
You must also be willing to commit to acquiring the skills, mindset, and knowledge necessary to become a successful business owner.
Much Success,
Jeremiah Carstarphen
The Cartoon Coach
Get FREE Marketing Training at http://trainingbyj.com
Article Source: http://EzineArticles.com/?expert=Jeremiah_Carstarphen
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