Being a business owner can be extremely rewarding. Having the courage to take a risk and start a venture is part of the American dream. A business owner experiences multiple advantages: not answering to a boss, not getting fired, and more importantly, having the freedom to make the decisions that are crucial to business success.

However, those rewards come with risks. For example, a business owner is wholly dependent on him or herself to pay the bills. Any salary, benefits, and insurance are based on what the business can generate. That often means no weekends off, no sick days, no ever being...