Career & Finance Fridays
Employment & Career
Should You Start Your Own Business?
Have you ever wanted to start your own business? It seems the digital age has opened wide the flood gate for entrepreneurs of all ages and trades. You can create a website, etsy shop, or social media profile for a business to be up and running in 5 minutes. Internet access allows global opportunities and communication, widening the market by millions.
There are endless opportunities - and it can certainly seem glamorous. Working from
home, setting your own hours, and doing something you love. Sounds like the perfect set-up, right?
While owning your own business certainly comes with its perks, it may not be all sunshine and rainbows. In fact, there are some serious downsides to running your own show. For example, setting your own hours is all well and fine - until you realize that YOU are your main employee and will probably have to work overtime all the time, with no extra compensation. You may have to make a significant financial investment, depending on your situation - with no guarantee of success. Basically, it all comes down to you. Many people have found great success through their own businesses, and it’s certainly attainable; but it’s up to you to put in the work, money, and time to see it through. There’s no one else to fall back on.
Owning your own business can be very rewarding, but it’s also very risky. Do your research and find out exactly what your market looks like before making a leap.