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Top 10 Reasons NOT to Start Your Own Business

Although I spend most of my time objectives. Many new business owners can
evangelizing about the benefits of get paralyzed trying to figure out what
entrepreneurship, I do want to throw a to get done in which order. Should you
little reality out there for those who develop your product? Start talking to
may look at it only through rose-colored prospects? Invest in infrastructure?
glasses. Here are ten reasons why you Build a website?
may NOT want to start your own business: #5: You can't pass off irate customers
#10: You can't blame your lame boss for to Customer Service. The buck stops with
your problems. As much as you might have you, and you have to deal with all
complained about your boss or conflict related to your business.
"Management" in your corporate job, you #4: No paid sick days. For many
might find yourself missing the person businesses, if you don't work, money
who takes the heat for big decisions. doesn't come in. If you wake up with a
Whichever success or failure your company stuffy nose and a headache, you can't tap
experiences is squarely on your into one of your 20 days of paid sick
shoulders. leave and sleep in.
#9: YOU are all the departments in your #3: Self employment tax. Or just taxes
business. You must take care of product in general. Instead of delighting at a
development, sales, marketing, refund most tax years, as a self-employed
accounting, customer service, information person you have to pay self-employment
technology, legal, procurement and tax. You also must keep excellent
shipping. Most of us do not have accounting records to make sure you run a
strengths in all these areas, so you must clean operation and in case that you are
quickly learn what is necessary to stay audited by the IRS.
within the law and in business. #2: Self-funded benefits. You must
#8: No free office supplies. Did you piece together and pay for a decent
really ever think about how much a paper benefit package to ensure you and your
clip or manila folder costs? How about a family are protected against risk. You
desk, no-glare monitor or printer toner? don't have the volume discount afforded
All of a sudden you will become aware of by large corporate programs, so often
all the "hidden" expenses when you have they are more expensive.
to do it all yourself. And no, I don't #1: No zone-out weeks. Although most of
suggest sneaking out the back door of us would never admit it, we have all had
your corporate job with a big box of weeks (some months!) of "zoning out"
supplies. Bad karma! (I will sheepishly where we act like we are busy and doing
admit to taking a pad or two of post-it important things, but in reality are
notes in my time, and I am sure I paid shopping online, or planning a wedding or
for it somehow) playing fantasy sports. If you zone out
#7: No safety net of a regular paycheck. in your own business, nothing gets done
Even if you do well in your business, and no money comes in. Simple as that.
most orders do not come in an orderly, If you are still charged up to become an
timely manner as your paycheck does. entrepreneur after reading this list, you
Paying bills can be much more of a may just have what it takes to succeed.
juggling act when you first start your Pamela Slim is a seasoned corporate
business, unless you are sitting on a consultant with a new mission in life:
huge cash reserve for expenses. help corporate warriors to become
#6: No one gives you goals and thriving entrepreneurs!




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