Tue 1 Jul 2008
Dispelling Common Myths About Starting Your Own Business
If you are an employee of a company and are thinking of making a jump to become your own master based on some preconceived myths, then you need to read this article.
Although starting your own business can be very rewarding, you should make sure that you don’t make the switch based only on fixed notions.
I Will Be My Own Boss
Although this is true, becoming your own boss comes with its own set of problems. These include managing lazy or inefficient staff, hiring and firing employees, dealing with unhappy customers and more.
I Can Take a Break Whenever I Want
This is definitely a myth. Once you really start getting serious about your business, you may find that things don’t run quite as smooth whenever you are not around.
This will put more pressure on you to stay in control; and at time, you won’t even be able to think about taking a break.
No More Overtime
This is another myth that will soon bite the dust, especially if you are into retail. You will find that there are tons of issues pending every evening, which seem to be increasing even after you have put in extra time and effort.
This will result in you working even longer hours than what you would have put in at your old company.
No Nightmares of Your Grumpy Boss
You will still have nightmares. But your grumpy boss will be replaced by grumpy clients who may refuse to pay you, or your banker banging on your door asking for their loan back.
Even though the grass always seems greener on the other side, it can also be slippery - so keep these points in mind before you go in search of another pasture.