Fire Your Boss
There is arguably no greater personal joy and trepidation than when you get to fire your boss. Creating that self-employed business of your dreams can be an exhilarating experience. Indeed most self-employed people are in love with what they do, few, however, appreciate the administrative details of running a business. That lack of appreciation, however, can become the business’ undoing.
Back Office Doldrums
It’s probably not until you are confronted with the not-so-glamorous aspects of being self-employed, that you finally understand what your former boss was going through. Additionally, the back office tasks are probably not the core of what you love doing in the first place.
Generating Income
Unless your physically and immediately being paid for a product, compensation may not occur for weeks and months. Entrepreneurs need to understand and appreciate that not all businesses generate income while their working it. Indeed, perhaps the best businesses are those that generate income after you’ve stopped working. Many of the new self-employed will learn quickly that all they’ve done is created a new job for themselves that pays them much less but asks for more effort and time.
