Financial risk. The financial resources needed to start and grow a business can be extensive, and if things don’t go well, you may face substantial financial loss. In addition, you’ll have no guaranteed income.
Stress. You’ll have a bewildering array of things to worry about—competition, employees, bills, equipment breakdowns, customer problems.
Time commitment. Running a business is extremely time-consuming. In fact, you’ll probably have less free time than you’d have working for someone else.
Undesirable duties. You’ll be responsible for either doing or overseeing just about everything that needs to be done, and you’ll probably have to perform some unpleasant tasks, like firing people.
