The Career Path Towards Owning a Business: What to Do

Many employees dream of becoming business owners due to the potential for financial success, autonomy, and creativity that comes with the role. People are naturally drawn to creating something from nothing, using their skills and knowledge to bring a concept to life. According to the Small Business Administration (SBA), more than 30 million small businesses exist in the United States, accounting for more than 50 percent of all nonfarm GDP. Additionally, small business owners have a median income of over $100,000 annually – nearly double that of the average worker.
The journey toward owning a business can be daunting for many people due to its high start-up costs and the need for specialized knowledge in multiple areas. Fortunately, it is still possible to make the dream of owning a business a reality. Here are a few steps to consider: