The next time you make an assumption or a judgement about a successful business owner, I encourage you to think again. There is probably much more work being put in behind the scenes that you do not see. Being an entrepreneur is about risk, sacrifice, stress, and worry. Any level of achievement requires courage to risk what most people will not, determination to ensure the investment and energy is worth the reward, and a positive attitude in the face of adversity. Without the upside potential, who would risk and sacrifice so much? It is important to remember the effects of this pandemic: business closures, no revenue for months, and uncertainty for many entrepreneurs. Business owners invest everything they have into their business and failure means bankrupt- cy in most cases – this is obviously devastating financially but also mentally. For most business owners, their business is their identity, their life’s work, their stability, and retirement plan all rolled into one! To bring it back to the small business tax
changes, now that I’ve painted a picture of the tremendous risk taken on many business owners, I’d like to add that I think they should reap the reward as well. At the end of the day, you will see all that money again as they likely support local charities, sponsor recreational sports teams, and invest the money directly into their own commu- nity. I hope you have found this article interesting and provided a little food for thought regarding the value of businesses of all sizes in our country.
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JUNE 2020 • SPOTLIGHT ON BUSINESS MAGAZINE
SPOTLIGHT ON BUSINESS MAGAZINE • JUNE 2020
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