Advantages And Disadvantages Of Starting Your Own Business Essay

) But still, it is one of the exhausting parts of entrepreneurship that others may not readily see. When your office is not that-place-a-few-miles-away but is instead your bedroom, your living room, your room, your home office. And it is not to say it is not a challenge for other professions.And this, of course, leads to the next disadvantage . Your personal phone is your work phone (even if you have a work phone). And personal time (remember, you are always on-call….). (I distinctly remember having the same problem when I was a lawyer full time.) However, it does seem to be exaggerated for entrepreneurs.

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Small entrepreneurs contribute into the state budget a lot.

It is possible to say that the complex of small and middle firms provides the country with the same profit as big business does.

Sad to say but it is difficult to choose the best option.

Many people are ready to pay a lot to possess a quality item.

Or you may have that itch to move from running a mature business to creating a brand new start-up.

Another option to consider is to sell your business, but remain as a senior leader, advisor, or consultant – either on a full-time or part-time basis.

And to have amazing clients, many of whom are not only paying customers, but also friends! This is another one of the advantages of being an entrepreneur that I thought would disappear over time. It is just as exciting to own a business on Day 1000 that it was on Day 1. It is not an arbitrary number that you are being paid each year. And if you are doing it right, this will end up being a good deal. People say “you have a brilliant business model” and all sorts of other compliments that are very nice. So true, while you learn a as an entrepreneur, it is because you do a lot. You are always on call and always doing something for the company. If you love what you do, then it does not seem so bad!

And you don’t have to wait for someone to give you a raise. And to be honest, ones I am not sure I have truly earned. Even now, I am writing this from a lovely suite in bay city overlooking the water. (And in the end I think that is how entrepreneurs truly survive – believing in their vision and loving their work! It is hard to draw a line between “work” and “life” when you work from home.

If you fail or succeed, customers, vendors, employees, and others are looking at .

So just as you can be looked at as a “leader” (Advantage 5 above), you can also be looked as a fool.


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