Existing Business Resources
Several myths surround the process of starting and incorporating a company. Entrepreneurs
considering launching their own company may be wary because startups are often touted as a great risk, both personally and financially.
However, according to Tristan Louis' article for the website TNL, Business Insider - from tnl.net, when comparing a failed startup to the number of lay-offs - particularly during the economic downturn - launching your own company may be a more viable path.
On one hand, the success of a small business usually relies on the entrepreneur incorporating
it. A hard working employee or executive can see the results of his or her work within the company - something that cannot be said for a corporate company. Provided a business owner's management skills are up to par and he or she is ready to put in the work, startups have a strong chance of surviving.
However, on the other hand, large corporations
do not usually fire an individual employee because of the paper work involved in doing so, according to the source. Rather, they are more likely to lay-off a large number of employees who are not meeting company standards.
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