Operating a small buiness doest not mean that you are providing the assurance of an income, unlike getting employment which offers fixed monthly salaries. Complete independence in making decisions exposes the small business operator to the consequences of errors of judgment which in some cases could wipe out his investment. The high rate of small business failures proves the point.
As the small business operator assembles the needed resources, starts actual production, and makes moves to attract the customers, income and profit wait for their turn to be realized, if they will ever happen at all. Until then, the owner is faced with a lower quality of life.
The owner operator will take full responsibility for whatever happens to the business, If the business is sued for selling unsafe products for instancem then he suffers and carries whatever burden or penalty is imposed by authorities. He cannot pass the blame to anybody else.
Even small business operator has freedom in his actions, he is not completely free. He cannot choose his customers. Even if he dislikes a particular customer, he cannot just him away or even ignore him. He is bound to give his customer satisfactory service even if they are rude. Still customer is always right.