What do you think of owning your own business?

I work for myself and I see no real disadvantages so far.

While being your own boss sounds good, there are also a few disadvantages. If you have employees you have to organise your holidays around when they want theirs - if you want to keep them. If you're on your own, if you're not working, you're not earning so holidays, days off here and there become difficult to program.

It sounds cool but also there will be a big pressure at the same time.

I think I am not for business. I did a lot of small businesses before and they all failed. They are just small ones in the office. I sell them bags and clothings on credit for 30 days. It's hard to ask for payments when they fall due.

I have worked with my husband during all my life and we had our own business. Working for yourself is more exhausting that working for a Boss. I cannot count how many times we have worked 7 days a week and a lot more than 8 hours a day.

It depends on the business and if it's just yourself or employees what the degree of headaches would be.

I started a small business when I got a little pension - started with photo and food spplements, but am now selling mostly health products that have helped me and others.. am not earning much but together with healthy food, the food supplements help me feel much younger and help my memory, and it is worth more than earnings.

I sometimes think of doing so. However own business involves risk and one first needs to keep some margin in case one's business idea is not successful. Yet if one's business gets off successfully, there is nothing like it.

I was in business for myself for several years. It's a catch 22 really. Mainly because regardless of what business you have, you need clients/customers. Self promoting can be hard and take years to establish. I enjoyed what I did, but it can be a headache with paperwork, keeping records, taxes and any other expenses you have. Unless you buy into a business that already has clients/customer base, it can be a long haul to gain ground and credibility.

I never thought about owning my own business. Because I have a fixed job. And I don't have the ability to do business.

I have always owned my own business even when I worked full time. I just like being my own boss plain and simple I was never good at following orders. The only disadvantage is that I never felt I could make a living and raise a family full time on it. Of course I never tried.

I think owning your own business is great. There are so many businesses you can do online.

well i did, so fair share of failures and success but i'm enjoying it.

I would like to have my own business someday, a milk tea shop or cafe. But for now, I have to save so I could make it happen.

Oh yeah I always think that someday I would own mine. But I think it remains a dream to date. I think that remains to be seen until I would find enough fund to ran it. It is good to ran your own business it means freedom from time to manage it on your own. You can direct it on your own. Disadvantages of it are although you control the management of it it will take your time in a different way. For employed you just work and you will have salary every 15th and 30th of the month. In being an entrepreneur there is no guaranteed amount that you will hit your sales target. It will depend on you and your employees performance. Your time will be devoted in managing the company and always keeping watch on the capital of the business if it still is capable of maintaining the employees.

Well, I've tried -- I have a shop on Etsy but I haven't sold much. I would love it if it were my primary business.

The idea is a good one if U can get business!!! That seems 2 be my problem!!! Getting business!!!

@1hopefulman Yes i am self-employed. I love being my own boss. Advantages do not have to answer to someone and do not have to fight to get paid. Finding the right business and then finding clients is hard.

Working for yourself takes a lot of effort. Your wearing many hats but only earning one salary for the hours you put in. It really must be a labor of love and many start ups fail. I worked as an independent contractor part time during summers as both a golf and tennis instructor. I was able to set my own hours which was advantage, however, I still relied on the organization I worked with for clients. Another problem small business owners encounter is the restrictive regulations they will face.

I also like owning a business in the coming years. Particularly in the food service industry. If I already have enough capital then I would probably start. I believe that it is better than retiring from your employment. Your management responsibility may not be easy but, I still think that there are advantage than being an employee forever.