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