In spite of their name, small businesses are anything but small when viewed in aggregate. As of March 2023, there were more than 33 million small businesses in America, which are credited with creating about 63% of all new jobs between 1995 to 2021, per the U.S. Chamber of Commerce.
The reasons to start a small business are many. To begin, small businesses allow entrepreneurs to follow their passions and be motivated in a way that might not happen when working for someone else. Also, small business owners can tailor their schedules to fit their lifestyles. Though the hours required for a successful small business can be long, you’ll potentially be able to work from home, and select hours that allow for more family interaction. Plus, all that hard work will go toward your bottom line, not some faceless corporation. Finally, small business owners can take advantage of various tax benefits and other financial incentives — though, you’ll want to work with a qualified accountant to take maximum, yet lawful, advantage.
— Source: Money Digest