risks and rewards

• starting a business has the potential to be very rewarding for an individual

  1. Financial rewards come from any profits made by the business
  2. Business owners have independence, as they will be working for themselves and making their own decisions
  3. Business wonders may get self satisfaction in the fact they have built up a successful business and may take pride in making a difference
• there are also risks when setting up a business

  1. financial risks include losing capital invested if the business is not successful or if it runs for periods of time without making a profit
  2. a business can be stressful to run, impacting on an owners health and wellbeing
  3. Owners may struggle with their work life balance if working long hours. Personal relationships with friends and family may also suffer as a result