Seven Reasons for Not Starting Your Own Business
To start your own business you must have a lot going for you. To start with your hands tied behind your back is foolhardy.
Check your situation against the following reasons for not becoming an entrepreneur. Can you do without such support and security as your employer's economies of scale, complementary support system of fellow workers and such benefits as health care, vacations and status? Are these enough reasons to abandon your quest to strike out on your own?
1. Desiring to be your own boss. This is the common appeal used by the purveyors of get-rich-quick schemes. It's an appeal that works for them because it's in the minds of many people trapped in a job under bosses they don't like. It has been a strong motivation for many people who have successfully become their own bosses. You will still have "bosses" who can be very demanding and unreasonable in the form of customers, competitors, suppliers, lenders, bureaucrats from regulating agencies, employees and partners. As is often the case, the most demanding boss will be yourself. Especially, if you have an overwhelming desire to be successful.
2. Looking for shorter hours. Unless you are prepared to accept less personal income, it's unrealistic to expect replacement of your salary from the proceeds generated by a fledgling enterprise. Will you be able to forego or replace the perks and benefits provided by an employer? Do you have an independent source of income or are you able to reduce your needs? Do you have skills which can earn greater compensation on a freelance basis from people prepared or contracted to provide those payments? Be very realistic with your calculations and your answers to these questions.
"Seven Reasons for Not Starting Your Own Business - Page 2"
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"Seven Reasons for Not Starting Your Own Business - Page 2"
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