Small business ownership is the backbone of economies across the globe, with entrepreneurial creativity and skill being lauded throughout the lands. Taking that first step and weighing up the risks inherent with putting yourself out there and on the line can be an extremely satisfying feeling. And if self-fulfillment wasn't enough, there are a number of other benefits to opening your own business ventures and following your dreams. Be The Boss Being in charge of your own operation affords you degree of freedom when it comes to structuring your day-to-day behaviour and goals. Putting in the hours as a labour of love in the early days means that you can begin delegating tasks to employees later down the track - potentially freeing up your day and giving you the leisure time you've always wanted. Monitor Your Cashflow Just like having children, one of the joys of owning a business is watching it begin to grow and prosper. Whether you employ someone to take care of your cashflow, or manage it yourself through small business accounting software, you can witness the growth of your business idea as it begins to develop into something akin to your overall vision - and hopefully something profitable! Valuable Learning Experience Owning a business isn't easy. Starting one from scratch is even harder. You expose yourself to varying degrees of financial risk, and without proper planning and execution, you could end up out of pocket. But if you take your time, do your research and act with confidence, you can make your business a viable lifestyle option. This experience is invaluable on your CV. If you ever decide to close down your business and re-enter the workforce, having successful business ownership experience covers a wide range of different skills and traits that employers could find extremely useful to employ and utilise within their own framework.