ATLANTA, GA / ACCESSWIRE / December 8, 2021 / Owning your own business is a multi-faceted experience and comes with a roller coaster of unexpected emotions and challenges. Businesses will experience ups, downs and many unforeseen obstacles along the way. Harrell Gunn, Founder of Gunn Law Group, LLC (www.thegunnlawgroup.com) knows this ride firsthand and shares a few pros and cons to consider.
Benefits of owning your own business
Unlimited growth – Starting your own business opens the door to unlimited personal growth and potential, more than working for someone else. The time, effort, and sweat you invest will count for the success of your business, not someone else’s.
Freedom – Freedom is a huge pro when it comes to starting your own business. Freedom comes from not depending on another business for your livelihood and allows you to prioritize your time to focus on what is most important to you. The freedom of time, the freedom to explore new avenues, and the freedom to make the decisions you think are best are all perks of owning your own business.
Make your own rules – When you start your own business, you set standards, procedures and expectations, rather than trying to meet someone else’s. You can create and develop a corporate culture that represents you and your vision.
Disadvantages of owning your own business
Possibility of failure – There is always a risk of failure, and taking that risk is one of the biggest drawbacks to owning your own business. Knowing that this failure can affect those who depend on you is a big risk. Accepting that you can fail, and still finding the will to move forward can be a task that has the potential to break you emotionally, financially, and professionally.
Increased pressure and stress – Starting your own business adds an incredible layer of stress and pressure to your life. Finding a balance and not letting that pressure get in the way or gain the upper hand is a challenge. A business owner will feel this pressure all the time, and managing it must be done in the right way to keep the business alive. The more a business grows; the more stress and pressure will increase.
Freedom and time management – Freedom is one of the biggest advantages of owning a business and also one of the biggest drawbacks. To run a successful business, you must learn to be your own boss. You have to organize yourself and stick to a schedule, a task, all the time, and it’s extremely easy to come up with an excuse. It’s also easy to lose work-life balance and let the business take over.
Gunn adds that owning your own business is an opportunity to set a standard to stick to. Examine your own work and decide if you would take it on from an employee, then place the same expectation on yourself.
Gunn knew early in his college career that he wanted to make a name for himself by being his own boss and made it his goal to start his own business before he even went to law school. He started his practice soon after graduating in law and was very successful. Gunn hopes to share his story and his advice to inspire others who might consider taking this leap of faith and betting on themselves by starting their own business. Learn more about Gunn’s journey to owning his own business and how he serves his clients on his website, thegunnlawgroup.com, and social networks.
Company Name: Gunn Law Group, LLC
Contact Person: Harrell Gunn
Address: 307 14th Street NW, Atlanta, GA 30318
Phone number: 770-999-0319
Website link: https://www.thegunnlawgroup.com
THE SOURCE: Gunn Law Group, LLC
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