Nowadays entrepreneurship is becoming one of the most trendy forms of investment. Some people are even resigning from being employed to stating their own businesses.
People are opting for it as they assume it is easier to start and keep going or it accounts for financial independence and also freedom.Being your own boss is not such soft and if you chat with one, you will get the following,
1. It will not lead you to quick money
People who indulge in entrepreneurship thinks they will make money so quickly. Starting a business and it kicks so well, you have to have enough capital, sort out all the issues first before it becomes successful and you start making money,
2. Be prepared for rejection
Never think that you will come out with your business idea and people buys in to so fast. You will encounter several rejections. Once this takes place make sure you change something especially how you entice customers and do no give up. Keep trying and learn from the challenges,
3. Friends and relatives will be at your neck
Entrepreneur who wish to be successful do not entertain friends and relatives who negatively approach them. These will come to you you give them goods on credit and it will be difficult for them to repay later which will make you operate in losses.
4. You will pay more taxes than before
Once you embark on starting a business, make sure you are ready to pay more taxes to the government as well as protect your investment from theft of fire through insurances. Those are expenses mos aspiring entrepreneurs never have in mind.