Self Made Archive

Many self-employed small business owners are beginning to appreciate the role of sustainability in their daily operations. This often comes in the form of what is known as a circular economy. A circular economic model intends to tackle pertinent issues such as climate change, pollution, and similar "green" notions.

As a new entrepreneur, you may enjoy the ease and simplicity of operating as a sole proprietor, but there are several things to consider like the size of the business, the nature of the product or service that you provide, tax considerations, and more that should determine whether to continue running it as a sole proprietor or establish a formal company.

Charles Darwin wrote the quote above talking about animal evolution, but he may as well have been talking about business. The businesses that excel and thrive over time are not the strongest or smartest, but the most adaptable ones. Even if you’re not in a seasonal industry, you’ll face good years and bad years. Being prepared is essential. How can you keep things as stable as possible but still make your company resilient when it comes to ebbs and flows? Let’s take a look.

As of 2020, nearly 30% of American workers were self-employed. There are countless benefits to being your own boss, but in a world where sustainability is becoming more of a hot topic, it’s important to make sure your business practices are protecting the planet.

Being a small business can be tough. The days are long, clients can often be demanding, there are huge responsibilities to consider that many new business leaders are not familiar with. Whilst it is tough, small businesses play a role in the success of the economy.