- You work more than anyone else.
- You cannot take time off at leisure.
- You carry constant stress.
- You get paid less.
- You get paid last.
- You pay for other peoples taxes and benefits.
- You always deal with the “problem” cases, not the fun ones.
- You are asked for more-more-more, often by those who already have more than you.
- Your sacrifices will not be recognized, and rarely noticed.
- You will not be thanked for all of the above.
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4 replies on “10 Woes Of Small Business Ownership”
I’ve dealt with all this. It’s all true.
There are also upsides & intangibles with value / merit.
You have to ask yourself, am I better off overall, considering the pluses & minuses, than I would be at a 9-5 desk job?
If yes, congratulations, you have found your niche / calling as a successful small business owner.
If not, time to go back to the corporate grind.
There are definitely lots of great benefits, too, such as self-satisfaction and ability to decide your own path. I just wish all these “entrepreneurship” conferences would talk about the day-to-day realities of building business and less on flowery inspirational messages.
Good points Preston – although you probably need to end the list with the reason why you do it in the first place – you (a) either put higher value to the expected future financial payoff (either via higher median returns or expect a large payoff on the right tail) than risk neutral probability will put or/and (b) you do it because the 8-7 job does not fit your psychological profile.
I congratulate you on the risk-taking capability and hope you get high returns on both (a) & (b) above.
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