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9781637428962 Academic Inspection Copy

Is Small Business Ownership for You?

A Practical Guide for a Life-Changing Decision
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Are you thinking about owning your own business, but wondering if this is the right path for you? Whether you are considering joining an existing firm as a principal owner, taking over a family business, starting up your own business, or buying an existing business, this book provides questions to contemplate as it walks you through what it takes from a personal aspect including: Traits Strategic Thinking Passion Relationships Commitments Cash Flow Risks and Rewards Timing and Exit Strategy Readers will gain a real-life look into business ownership and learn what owning a business is really like. The author presents perspectives from other business owners gained through an interview process with sixteen small business owners and shares some personal experiences. Many books have been written about how to start or run a business and others about specific topics such as leadership and management, but few address the personal aspects of small business ownership and the initial decision of, Should I become a business owner?
Laurie Johnson's professional career includes four decades with Hansen Thorp Pellinen Olson, Inc., a professional services consulting firm in the Minneapolis area. She was a principal owner of the firm for over 25 years and the majority owner for the last 18 years, serving as president of the firm until her retirement in 2023. Throughout her career she has provided technical and management training, including developing and conducting the company's leadership training for future owners.
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