Most people want to start a small business for several reasons, the most common being that they don’t have to report to another person, they think it will give them plenty of time and finally and most importantly because they feel passionately about a business idea.
Start-ups have never been this easy before. Nowadays there is advanced technology that can help create an online office, take care of accounts, etc and essentially provide an entrepreneur with all the tools he or she requires to become successful.
However it is important to do a reality check before one begins a start-up:
* Starting your own business requires commitment and dedication. While you may choose to work at a time schedule that suits you this doesn’t mean you will have more free time than earlier.
* Financial insecurity: The initial phase of any SMB is marked with uncertainty and financial insecurity but this can be overcome with a good business plan that caters to all situations that may arise. Mind you if your own business is less financially secure than a job is still a matter for debate.
* Isolation: Being your own boss can be overwhelming and you will have to provide answers to your own queries and also to those of your employees. On-demand small business infrastructure is also a helpful tool to combat isolation, it helps you to build your own business community.