Risk and Relevance

In class, we were told to talk about on our blog what the pros and cons would be if we were to own or own business. I personally never thought owning my own business would be something attainable, but as I conjured the idea in my head these are the conclusions I came to.

Pros:

• You have complete creative freedom
• You are your own boss as well and the boss of everyone working for your business
• You are in charge of a dress code or lack there of
• You are entitled to have whatever sort of schedule you choose
• You have the freedom to plan your vacations when you choose rather than having "leave" from work
• There is no limit of sucess
• There is no limit to the income you'll have
• You would have a very respected reputation from owing your own successful business
• The environment you work in is your choice
• It would be less stress once your business is steady not to have to worry about "higher ups"

Cons:

• It's possible your employees may not agree with your ideas at all
• You may have countless encounters with poor employees
• It may be more of a hassle making sure all your employees are in appropriate attire
• Because it's your business, you may have to approve and deal with more work than a vacation would allow
• Your income may be poor for more than you plan
• Statistics for privately owned businesses is, there is a 50/50 chance said business will fail in the first year
• If you don't have enough experience,  the extreme amount of responsibility could be too much
• If a business plan or customer deal goes wrong, it's on you, your business, your problem