Three wrong reasons to get into a business

by Ashvini on August 9, 2010

in Business

Many times , people venture into a business for reasons that are not nearly right ones. The grass is always greener on the other side, however the grass on this side will eat you up if you start on a wrong foot. People working in 9 to 5 jobs often dream about running their own firms, earning huge money and being famous. Not the best reasons, I would say because they are the end results or maybe the byproducts but not the ones for starting the business. Do not become an entrepreneur or businessman, because you feel it will make you rich instantly. If you do not take care, you will burn out faster. So here are some of them.

  1. You want to be the boss:
  2. Though it feels great that you are now the ultimate boss and there is no one above you, but there are definite disadvantages. Now no one is there to guide and protect you, when you make mistakes. You have to learn everything by your experience. You might make decisions that can harm your business. You will have to take care of all the aspects of your company from for e.g. Human resources, Finance, Delivery, administration, legal, governmental, IT and so on. You say that you have people to take care of these departments, but the accountability lies with you. So be prepared for getting troubled and hassled.

  3. You want to get quick rich:
  4. In my opinion, only robbers and cheats can get quick rich. If you wish to get rich legally and ethically, you will have to be prepared for a long haul. It takes months sometimes years to make that single buck. And the road is littered with obstacles like you have never seen before. So do not start business, if you want to make a lot of money in the short term. It is near impossible.

  5. You want to be free from employment:
  6. Hello!!! Entrepreneurship is 24 *7 job with very less space for mistakes. It is not freedom from employment, it is full time employment with added headaches. You will have to listen to whatever the client says about your pricing, delivery, methods etc. You will have to do all the paperwork, filings and legal stuff. You are not the owner, you are everything( owner, employee, employer etc.) Remember, you are not with a large company anymore and there are no resources to back you up.

This is not to discourage anyone but to bring you to reality while you are romancing with your dream to become an entrepreneur/business owner. Hope you liked the post. ;)

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