When it comes to being a small business owner, there’s a fairly equitable split between the pros and the cons. Many are drawn by the perceived freedom it brings, while others are deterred by the long hours synonymous with working for yourself. Here are the main advantages and disadvantages you can expect when you run your own company.
CONS
A lack of certainty
You may have your business plan, marketing strategy and financial forecasts typed up religiously at the start of each financial year, but with a small business, you never know what is round the corner. The pandemic, global economic uncertainty and geopolitical events have had an impact over the last few years and they continue to do so.
