Owning and Operating a Business

Benjamin Franklin, one of history's greatest entrepreneurs, once stated “If passion drives you, let reason hold the reins.” The potential business owner could learn from Benjamin Franklin's passion and dedication. This passion drives an astonishing number of people to make the switch to entrepreneurship, despite challenges they face, such as high failure rates, difficulty providing benefits to their employees, and obtaining financial backing. With a creative approach, business owners can face and overcome these challenges and turn their passions into a successful career. Much like Benjamin Franklin, business owners are headstrong, driven people, who prefer to take the wheel and drive, so to speak. The potential success as a business owner sparks the entrepreneurial spirit in numerous people every day, regardless of the difficulties presented.

An increasing number of people are becoming self employed and starting their own small businesses. According to the 2008 reports from the US Census, more than 2,300 people per day make the move to business owner. The reasons behind choosing entrepreneurship are vast and countless; however, passion to succeed is a consistent motivator for business owners. It's no wonder so many people are making that transition, when there are so many success stories in the world of entrepreneurs. Take Steven Spielberg, for example, who began his career as a preteen, charging admission, 25 cents, to his home made “adventure films.” Perhaps he knew as a boy he had a knack for the industry, or had such passion for film making he could do nothing else.

Steven Spielberg is now a household name, and one of the wealthiest filmmakers in the world. Just imagine what our film industry would be today if Ste...

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...be successful more than a century later. However, without financial assistance, Edison's success may have never come to light.

Owning and operating a business is by no means an easy task. If it were easy, everyone would be doing it. However, even with all the challenges presented to a potential business owner, it is passion that fuels so many people to face and overcome these difficulties. With creativity and determination, entrepreneurs can beat high failure rates, provide benefits to their employees, and obtain funding to steer their businesses in the right direction. Business owners can find hope and inspiration in the numerous success stories that span back even beyond our founding fathers. Entrepreneurs hold in their hands the American Dream, but must dedicate themselves, and find creative solutions to difficult challenges to achieve long lasting success.