Top 10 Reasons NOT to Start Your Own Business

Although I spend most of my time evangelizing abouthuge cash reserve for expenses.
the benefits of entrepreneurship, I do want to throw a#6: No one gives you goals and objectives. Many new
little reality out there for those who may look at it onlybusiness owners can get paralyzed trying to figure out
through rose-colored glasses. Here are ten reasonswhat to get done in which order. Should you develop
why you may NOT want to start your own business:your product? Start talking to prospects? Invest in
#10: You can't blame your lame boss for yourinfrastructure? Build a website?
problems. As much as you might have complained#5: You can't pass off irate customers to Customer
about your boss or "Management" in your corporateService. The buck stops with you, and you have to
job, you might find yourself missing the person whodeal with all conflict related to your business.
takes the heat for big decisions. Whichever success#4: No paid sick days. For many businesses, if you
or failure your company experiences is squarely ondon't work, money doesn't come in. If you wake up
your shoulders.with a stuffy nose and a headache, you can't tap into
#9: YOU are all the departments in your business. Youone of your 20 days of paid sick leave and sleep in.
must take care of product development, sales,#3: Self employment tax. Or just taxes in general.
marketing, accounting, customer service, informationInstead of delighting at a refund most tax years, as a
technology, legal, procurement and shipping. Most of usself-employed person you have to pay
do not have strengths in all these areas, so you mustself-employment tax. You also must keep excellent
quickly learn what is necessary to stay within the lawaccounting records to make sure you run a clean
and in business.operation and in case that you are audited by the IRS.
#8: No free office supplies. Did you really ever think#2: Self-funded benefits. You must piece together and
about how much a paper clip or manila folder costs?pay for a decent benefit package to ensure you and
How about a desk, no-glare monitor or printer toner?your family are protected against risk. You don't have
All of a sudden you will become aware of all thethe volume discount afforded by large corporate
"hidden" expenses when you have to do it all yourself.programs, so often they are more expensive.
And no, I don't suggest sneaking out the back door of#1: No zone-out weeks. Although most of us would
your corporate job with a big box of supplies. Badnever admit it, we have all had weeks (some months!)
karma! (I will sheepishly admit to taking a pad or two ofof "zoning out" where we act like we are busy and
post-it notes in my time, and I am sure I paid for itdoing important things, but in reality are shopping online,
somehow)or planning a wedding or playing fantasy sports. If you
#7: No safety net of a regular paycheck. Even if youzone out in your own business, nothing gets done and
do well in your business, most orders do not come inno money comes in. Simple as that.
an orderly, timely manner as your paycheck does.If you are still charged up to become an entrepreneur
Paying bills can be much more of a juggling act whenafter reading this list, you may just have what it takes
you first start your business, unless you are sitting on ato succeed.