A small business can support many personal and professional goals. Some individuals receive great satisfaction and a sense of pride from successfully operating a business. Many people enjoy participating in the variety of professional networking events that can be found in the community. Becoming members of various committees which further promote the economic development of the area, such as those found in a chamber of commerce, may also foster a needed sense of importance and belonging for some individuals. Realize also that owning a small business can also interfere with your personal and professional goals.
Many people assume that small businesses are very profitable.
For a new small businesses, this is rarely true. Most small businesses loose money initially, so do not be discouraged if your business does not appear profitable in the short-term. If you have a product or service that fills a need and you actively market it, you should expect to start receiving stable, financial rewards during your second year of businesses. Most of your efforts during your first year in business will be devoted to marketing your new business and making people aware of your offerings. This process itself requires strong, financial resources which may exhaust the profits of the businesses.