![]() Growth opportunities and personal business goalsĪs an employee at a large business, there are often strict corporate guidelines limiting the amount of control you have over your goals and advancement opportunities within the company. This helps small businesses forge deep, lasting relationships that lead to loyal customers for life. Not only does this provide a unique opportunity to understand your customers on a deeper level, having this personal touch helps ensure your customers are being treated with the level of care and attention that aligns with your values from your very first interaction. A big reason for this: Everyone at smaller companies-from designated customer service representatives all the way up to the owner/CEO-tend to interact with customers on a regular basis. Small companies have a competitive edge over big companies when it comes to taking care of their customers. Not only can this lead to a more enjoyable and more productive environment for yourself and your employees-offering flexible working hours can be a great way to attract high-quality employees who value this human-first approach. Small businesses can provide more space to go about day-to-day work in a way that best fits individual needs and preferences. To keep the corporate machine running smoothly, there’s little room for flexibility in terms of when (and often, how) the work gets done. Flexible working hoursīig businesses are notorious for having a “my way or the highway” approach to work. All those deep-seated passions and convictions about how a business should be run? When you own the business, you get to do things the way you see fit, right down to choosing a brand name-without the red tape and bureaucracy that ties people down at larger companies. This provides the freedom to make decisions that work best for your business and to create your own success. Being your own bossĪs a small business owner, you call the shots. For many small business owners, the benefits far outweigh the negatives. Small business ownership is rarely considered the “easy” path, but it does tend to be the most rewarding. In this article, we’re going to share the advantages and disadvantages of a small business, so you can decide if this is a good career path for you. It’s also important to consider how owning a business comes with trade offs compared to working for a larger corporate entity. ![]() You’ll need a hefty supply of grit, self-determination-and of course-time and energy. ![]() While there’s certainly a lot to get excited about when it comes to small business ownership, it isn’t all rainbows and butterflies. Striking out on your own and starting a new business is something many folks consider the “American dream.” Flexible work hours, freedom to work on your terms, and the opportunity to cultivate a career where you really feel like you’re making a difference in the world are some of the main reasons people decide to take the plunge into entrepreneurship.
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