The decision to give up a worker’s life to start your own business is not an easy one to make. Fear of failure and job security in a dependent relationship tend to block the future of potential entrepreneurs. However, it is necessary to understand that not everyone has them Entrepreneur Profile. Learn about the pros and cons of starting your own business and find out if this is the life you want.
Owning your own business takes determination
First of all, it is necessary to destroy the idea that an entrepreneur works little. Even if in the future – if everything goes well – you will have less time than the employees, the beginnings are usually very different. In general, an entrepreneur who builds his own business have to work a lot more than you would work as a corporate employee on a typical workday. In addition, the life of an entrepreneur is not for those looking for comfort: difficulties will certainly arise and at some point you want to give up.
“Every time I talk to successful business owners and ask them to tell me their stories — and I often do — they tell me The beginnings were difficult‘ says Vicente Sevilha, author of the book ‘Successful Entrepreneurship’ (published by Brasport). This is precisely why many industry consultants point out that the persistence and determination are prerequisites for success in business life. Those who are intimidated by the first difficulties and who hesitate when encountering any problem will succumb to the competition.
Pros and cons of owning your own business
If you weren’t alarmed by our first warnings and believe you can succeed as an entrepreneur, now is the time to do so analyze To what extent is it worth leaving everything behind and starting your own business? Remember that you must take this exam alone, in the most intimate and sincere way possible. Don’t lie to yourself and avoid being overly optimistic. consider your situation with your feet on the ground and have the humility to recognize limits. In order for you to analyze all aspects before making a decision, let’s take a simplified approach to the main points:
- Unlimited Earnings: Your monthly salary is not capped by salary receipts or commissions. The more your company earns, the larger the sum in your account.
- Bye Boss: With your own business, you don’t have bosses or supervisors overseeing your work. Freedom of action is what many people desire.
- Flexible schedule: Freedom of action also implies the possibility of different working hours. For example, nothing prevents you from staying at home on Monday morning.
- Unpredictable routine: Many people have an aversion to passivity. If you want to break out of the tedious routine and embark on a quest for constant challenges, welcome to the world of business.
- Estate: Have you thought about giving your children a business in addition to material goods or savings?
- Emphasize: Compared to a permanent position, you will certainly have more stress, more responsibility and more worries. After all, in your own company you not only have to take care of your task, but that of everyone else.
- Bureaucracy: The paperwork begins with the registration of the company and has no closing date. It is impossible to escape: the bureaucracy will be your daily companion.
- tax burden: Be prepared to give up a significant amount of money – certainly more than you can imagine – just to cover the tax bill.
- Other expenses: Knowing the expenses to keep the business running, such as rent, cleaning, security, internet services and accounting, among many others, is now part of your job.
- Emotional Stress: It is necessary to know how to behave reasonably and rationally, so as not to provoke conflicts between partners, employees, customers and suppliers.
- problems: They happen every day for those who own their own businesses and they usually appear when least expected. Being persistent and determined to overcome them is much more difficult and uncomfortable than being an employee.