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40 Advantages of Owning a Business

Business advantages are professional, personal, financial and lifestyle benefits to founding and operating your own business. Business is by all accounts competitive and difficult with a high rate of failure for new businesses in many industries. As such, owning a business can have quite a few disadvantages such as a lack of stability as compared to working for a large well-established firm. The following are examples of potential advantages of owning a business.
Setting your work schedule
Theoretically unlimited earning potential
Following a passion
Pursuit of professional and personal growth
Lack of bureaucracy
Potential for long-term financial stability
Creating jobs
Creating value
Contributing to the local economy
Creating unique products and services
Changing the world
Doing good
The chance to learn about business and your industry
Creative expression
Opportunities to challenge yourself
Potential tax planning benefits
Building an asset
Potential to sell the business
Potential for networking and building relationships
Taking on responsibility
Earning credibility
Potential for expansion and growth
Potential for passive income
Potential for residual income
Potential for work-life balance
Working in an aesthetically pleasing location
Ability to work from home
Working from your preferred location
Ability to shape the culture of your firm
Developing talents and skills
Not having a boss / being your own boss
Building character and grit by facing challenges
Learning from failure
Pursuing your vision of the future
Creating a legacy
Developing the talents and potential of others
Opportunities to give back to your community

Small Business

This is the complete list of articles we have written about small business.
Business Advantages
Business Assets
Bricks And Clicks
Business Challenges
Business Costs
Business Drawbacks
Business Expenses
Business Issues
Business Management
Business Metrics
Business Models
Business Name
Business Opportunity
Business Plans
Business Risk
Business Scale
Business Strategy
Call To Action
Closing Techniques
Craft Production
Competitive Advantage
Customer Experience
Family Business
Home Business
Customer Motivation
Local Marketing
Direct Marketing
Market Research
Personal Selling
Target Market
Trough Of Sorrow
Night Economy
Product Development
Risk Treatment
Two Sided Markets
Types Of Brand
Types Of Business
User Experience
Value Added Reseller
More ...
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