When were really excited about doing something, we sometimes forget or ignore the downside of it. However; it would be very foolish to ignore the risks of going into business!
Failure. The emotional stress of failure can be very hard to handle.
Loss of money. You may have your own money at risk.
Long hours. You may have to work 60 or more hours per week.
Family problems. Your family relationships are likely to suffer unless you can find a way to balance your personal life and your business life.
Bad timing. Sometimes, its just not the right time to start a business. In that situation, its better to put it off for a while, than to let unresolved problems in your life threaten your business success.
Now lets look at some rewards of starting your own business!
Independence. The ability to be your own boss is a very powerful incentive.
Money. The financial rewards can go far beyond what one can expect from a normal job.
Pride. The experience of making idea work transforms many people, and gives them a real sense of self-esteem.
Fun. Running your own business presents opportunities for fun, excitement, and creativity that many businesses can't offer their employees.
