Seven Reasons for Not Starting Your Own Business - Page 3

6. Harboring the slightest doubt in your commitment to succeed over all adversities. Your business will generate enough doubts which don't need to be complicated by self doubts. Setbacks and imperfect plans afflicting most enterprises require your personal ability to cope with these challenges. This demands you have a firm belief in yourself together with the support of perfect health, the energy and the resourcefulness to survive and overcome.

7. Being risk averse. Despite your being able to state you have none of the above shortcomings, are you uncomfortable taking even calculated risks let alone unexpected ones? Every day an entrepreneur is required to make decisions and each is accompanied with some element of risk. You will be required to incur liabilities each time you sign a contract. There will be risks resulting from neglect or deferral caused by your preoccupation with the hustle and bustle of day-to-day operations.

Of course, you can always partner with an established entrepreneur by working for a subsistence allowance and a share in the enterprise. Or, you can overcome all these shortcomings before you embark on your venture.

Gerry McRae offers advice, coaching and guidelines for writing business plans on his website, http://www.UncleMaxSays.com. He has written his own business plans for several successful enterprises and has coached hundreds of students and practitioners in writing plans.

"Should I Open A Business Bank Account?"

"Seven Reasons for Not Starting Your Own Business - Page 2"

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"Should I Open A Business Bank Account?"

"Seven Reasons for Not Starting Your Own Business - Page 2"

Back To The Startup Hints Front Page