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5 terrible reasons to start a small business

April 21, 2017 7:30 am

Not everyone should start a business. Small business owners should have the heart to start a business and a clear idea. Statistically 80 percent of small businesses fail because people often start for the sake of it.

  1. Running away from your job

Either you hate your job or you know a lot about your job and you think you could do a much better job than your boss commanding you. The idea of starting a business sounds like heaven most of the times. You need to run toward entrepreneurship if you want to succeed. Otherwise, you are just hiding from your problems and creating more.

  1. You are a control freak

Running your own business, you would have total control over everything … or not. Starting a business can actually make you feel less in control. You can’t control when customers pay you, or even if they want to buy your product. You can’t force your employees to do things to your crazy expectations.

  1. You want to be a millionaire

A few success stories have put stars in people’s eyes and make them think they can easily start a business and become super rich. Think of the average small business: do you think your plumber is rolling in it? What about the shoe store on the corner? Millionaire entrepreneurs exist, but they’re rare. You seriously need to readjust your expectations.

  1. You want attention

You are sick of seeing Bill Gates in the news, and know that you could get just as much attention … if only you were a successful entrepreneur like him. Listen, it takes years of hard work and dedication, not to mention a crackerjack PR team, to get to the level of where Gates is. Once you start engaging the media, you will quickly find out they don’t care about you and your brand.

  1. You want family time

Realise that having more time means you will make less money than you do with your current job. It’s few who have mastered having time and money in running a business. Plus, if you are working from home to spend time with the kids, you won’t be able to focus on your business fully.

Author: Gesture Chidhanguro

5 terrible reasons to start a small business Reviewed by on . Not everyone should start a business. Small business owners should have the heart to start a business and a clear idea. Statistically 80 percent of small busine Not everyone should start a business. Small business owners should have the heart to start a business and a clear idea. Statistically 80 percent of small busine Rating: 0
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