Owning and running a business is equal to a lot of hard work. Every business faces troublesome issues every day, especially now in our current economic state that we are all in. However, most business owners would agree that owning & running their own enterprise, is its own reward.
There are many challenges for business proprietors to face. Since most smaller ventures are also sole proprietorships, there is no one else for the owner to turn to help fix whatever problems the enterprise is facing. Additionally, a small business owner has to make decisions for every aspect of it, from good business resources, such as what products to order, who to hire and fire, accounting and payroll, the design of it, its insurance, not to mention the actual day to day running of the enterprise itself.
A larger enterprise has someone for each of those tasks, so the workload is spread out over more people. Also, in a small business, the owner can almost never take a vacation, because the operation needs him or her there practically all the time it is open, and sometimes when it is not. More overhead and payroll matching.
There are many financial decisions that small business owners must face as well. Especially with a new venture, keeping track of finances is incredibly important. If the gross margin (which is sales minus variable costs) is not always greater than the fixed costs of the enterprise, then the business is likely to go bankrupt.
There are a lot of finacial matters that are not entirely in your control. Such as the lease payment you pay or the note that you make each month to the bank & your basic overhead costs for having the lights on and water running. Bills come in and you pay them. Hopefully there is enough cash flow for that to happen. Some costs that you can control is how much you spend on your waste management, from creation of the waste to the pickup to the final disposal. YOU can control that. Your actions and decisions that you make will definitely affect your cash flow each month. The amount of valuable space that storing your remediation products in adds up as well, to your profit or loss each week and month.