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Top 10 Reasons NOT to Start Your Own Business

Although I spend most of my time evangelizingparalyzed trying to figure out what to get
about the benefits of entrepreneurship, I dodone in which order. Should you develop your
want to throw a little reality out there forproduct? Start talking to prospects? Invest
those who may look at it only throughin infrastructure? Build a website?#5: You
rose-colored glasses. Here are ten reasonscan't pass off irate customers to Customer
why you may NOT want to start your ownService. The buck stops with you, and you
business:#10: You can't blame your lame bosshave to deal with all conflict related to
for your problems. As much as you might haveyour business.#4: No paid sick days. For
complained about your boss or "Management" inmany businesses, if you don't work, money
your corporate job, you might find yourselfdoesn't come in. If you wake up with a
missing the person who takes the heat for bigstuffy nose and a headache, you can't tap
decisions. Whichever success or failure yourinto one of your 20 days of paid sick leave
company experiences is squarely on yourand sleep in.#3: Self employment tax. Or
shoulders.#9: YOU are all the departments injust taxes in general. Instead of delighting
your business. You must take care of productat a refund most tax years, as a
development, sales, marketing, accounting,self-employed person you have to pay
customer service, information technology,self-employment tax. You also must keep
legal, procurement and shipping. Most of usexcellent accounting records to make sure you
do not have strengths in all these areas, sorun a clean operation and in case that you
you must quickly learn what is necessary toare audited by the IRS.#2: Self-funded
stay within the law and in business.#8: Nobenefits. You must piece together and pay
free office supplies. Did you really everfor a decent benefit package to ensure you
think about how much a paper clip or manilaand your family are protected against risk.
folder costs? How about a desk, no-glareYou don't have the volume discount afforded
monitor or printer toner? All of a suddenby large corporate programs, so often they
you will become aware of all the "hidden"are more expensive.#1: No zone-out weeks.
expenses when you have to do it all yourself.Although most of us would never admit it, we
And no, I don't suggest sneaking out thehave all had weeks (some months!) of "zoning
back door of your corporate job with a bigout" where we act like we are busy and doing
box of supplies. Bad karma! (I willimportant things, but in reality are shopping
sheepishly admit to taking a pad or two ofonline, or planning a wedding or playing
post-it notes in my time, and I am sure Ifantasy sports. If you zone out in your own
paid for it somehow)#7: No safety net of abusiness, nothing gets done and no money
regular paycheck. Even if you do well incomes in. Simple as that.If you are still
your business, most orders do not come in ancharged up to become an entrepreneur after
orderly, timely manner as your paycheck does.reading this list, you may just have what it
Paying bills can be much more of a jugglingtakes to succeed.Copyright 2006 Pamela
act when you first start your business,SlimPamela Slim is a seasoned corporate
unless you are sitting on a huge cash reserveconsultant with a new mission in life: help
for expenses.#6: No one gives you goals andcorporate warriors to become thriving
objectives. Many new business owners can getentrepreneurs!