Be Wary of the Downsides of Entrepreneurship

There are many rewarding things about being an entrepreneur: the autonomy, the recognition, the creativity, not to mention the fact that you are pursuing your dreams. But starting a business is never easy and not everyone is cracked up to be their own boss. Before you embark on a solo venture, remember that there are downsides too. Being an entrepreneur requires high risk, hard work, and many, many tradeoffs. The glamour of the got-rich-quick entrepreneur is often a far cry from what it's really like in the trenches. Take a hard look at your life and be sure you know what you are risking before you set up your own business.


Source: Harvard Business Review