Wednesday, March 26, 2008

What are the drawbacks of starting your own business? -

Its part of an assignment I have to do so a decent answer will get best answer :) Thanks

Time and risk involved

The biggest drawback of starting and running your own business is, that you get paid last. Your bills, your employees (if you have any), your taxes, need to be paid first.You are always on-call . Business never closes for the owner. You re always looking for new ways to advertise for the least amount of money. You re always looking at how other businesses do their marketing, or set up their stores, or how they do their business. Your brain is always looking for a better way to bring in more income. Your brain is always working.For some people this is the best part of the process, for others it s the part that nightmares are made of.For most people, the biggest drawback is the income though. You re never really sure you re going to get a paycheck at the end of the month.I hope that helps.D

For the start you have to find very smart intelligent people who would agree to work for you for pennies. Otherwise if you pay them too much your business will not yeild enough profit. Having your own busines mean to employ other s people skills and knowledge. The only skill you should have as a business owner is to manage how to pay those people who work for you less while making them work more.

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