Management

How To Escape The Self-Employment Trap

»Posted by on Jul 3, 2011 in Business Growth, Management | 0 comments

The typical small business is a self-employment trap for its owner because of three serious problems.. Problem 1: Success and income are trapped against a glass ceiling and can go no further, because the owner must control everything. A business that is dependent on the owner for most of its production limits its income. One person can only do so much and no more. Problem 2: Problem one puts everything at great risk. If the owner stops working or gets hurt, the business could die. Everyone is at risk: owner, family, employees, customers, vendors, and investors. Problem 3: The owner is trapped by his own...

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