The Disadvantages of being an entrepreneur

The disadvantages of being an entrepreneur

No-one will deny that running your own business is demanding and risky, so you need to be completely committed to doing it. These are the main drawbacks you will face:
You could lose the money you put into the business. For most people, starting a business will be a lifelong dream, and they will put just about all their money into it. The high number of small business failures tells us that there many people will lose their hard-earned money this way.
Your income will be uncertain. There is no guarantee that you will earn enough to survive. Part of your planning must include ways of ensuring that starting a business won't leave you without a roof over your head, but there are always calamities that you can't foresee.
Your working hours will be long and hard. There is no knocking off when your eight hours of work is done. Your business will survive only if you give it the time it demands, and there is sometimes no limit to the things you must accomplish each day.
You will have to face stressful times, especially starting up. Entrepreneurs have to deal with the anxiety of what could happen if the business fails, while at the same time staying focused on the job at hand. You need to be able to live with high levels of stress without letting it affect your business or family life.
You have to be responsible for everything that goes on, as well as your employees. As a business owner, you cannot deny responsibility for things that fall outside your job description - as you could as an employee. In the business, everything falls into your job description. This is quite a burden to bear.