5 Bad Reasons For Starting a Business
edited: Monday, July 17, 2006
By Donyell Nelson
Rated "G" by the Author.
Posted: Monday, July 17, 2006
Become a Fan
If you start a business for one of these 5 reasons you'll more than likely fail. I'll tell you 5 silly reasons for starting a business and why you should avoid them.
It’s the 15th of the month and you need to make rent by the 30th – The only things that I can think of that guarantee a lot of money in a short time period are illegal. If you need a paycheck in two weeks then you are better off getting a job.
Everyone is doing it- It’s true , a lot of people are starting businesses but at the same time a lot of people are failing in business.
You think it will be easier than going to work everyday – Easy is a relative word. If you don’t like being around people and you hate driving it may be easier for you to stay at home and work. But that doesn’t mean running a business will be easier. True, you are in charge but that means that you have to do everything until you can afford to hire someone. So not only do you have to handle whatever your main task is, but you’ll also have to handle accounting, marketing, advertising, planning, and taxes.
You want to make a lot of money without putting in much work- A lot of people think that if they start a business they’ll make lots of money without having to do much. This is far from the truth. Actually when you first start a business you’ll have to work long and hard hours. Often you’ll end up working more than if you had a 9-5 job.
You want to call yourself CEO – When you first start a business it’s tempting to want to call yourself CEO after all it makes you sound important. That’s not a good idea for two main reasons. First, unless you form a corporation, you are not a CEO. Secondly, if you are a one man (or woman) show, it makes you look ridiculous. Experienced business owners and executives will see right past that and you won’t be taken seriously.
So why should you start a business? The best reason to start a business is because you see a need somewhere and you believe that you have the drive, determination, and talent to solve it.
About the Author
Donyell Nelson is the author of Jump Start Your Success: 9 Insider Secrets to Running an Online Business. If you are clueless about online business, out hundreds of dollars, you aren’t making a profit, and you are just about to throw in the towel visit Jump Start Your Success