In life, there are always trade offs. Most small business owners would agree that there are some really great parts about owning your own company and some pretty horrible parts.
According to SurePayroll’s Small Business Scorecard, one of the best parts of being a small business owner is the ability to be your own boss.
Other challenging areas according to the scorecard is:
• Navigating tax and employment laws.
• Swings in personal income due to the changing profitability of the business.
• Managing employees.
The best part is being their own boss! In fact, 92% said they are satisfied with the combination of added freedom and added responsibility they have as a business owner.
For you, what is the best and worst part of being a business owner?