Independence is what pushes most people to set up their own business. They wish to carve their own paths to success, manage their own work, take care of their own schedules and be their own boss. Privately owned proprietorships that have a smaller turnover compared to the regular businesses and also lesser employees working for them can be understood to be small business. There are different types of innovative businesses that people have come up with and with days that pass this innovation seem to grow and develop which is thus leading to creation of further new businesses. When it comes to being established then it all comes down the level of competition and the way that a business owner is able to handle these competitions. From setting up to running it and seeing that it is established a small business is time-taking and might even take some time until profit is seen. There are risks involved in where there is investment yet the beauty of having an own business drives people to begin new ventures.