Originally Posted by when64
Want to run small business...I just want to call my own shots.
I have your similar feelings about not allocating that much capital into a single business. I was offered a chance to take over the family construction company with my brother (from my father). He wanted waaaaay too much. I simply said "sorry, too many issues and reasons for me to walk away". If the price had been reasonable enough, I might have done it.
Any way...my comment is about what you typed above: when you run a 'true' small business with employees (and not just offering consulting services as a self-employed business of just 1 person), you will quickly find out that you do anything BUT 'call your own shots'. You are at the mercy of employees (who many times truly don't care about your business), customers (who will demand the world from you), gov't staff...it goes on and on and on.
It can be a great way to occupy your time, but please don't overly romanticize the concept and instead realize all of the potential problems you can have.
It's like owning a real estate rental - ___ times however many employees you have.