You can fail and lose your money as well as the money your friends or relatives may have invested in your business.
. You will be working alone, and time for family and friends may become difficult to find.
. Your income may be uncertain and sometimes it could fluctuate enormously as a result of factors that you cannot control.
. You will face the unrelenting pressure of having to make decisions and solve problems for which there are no clear solutions.
. You will still have a boss—in fact, you will have many bosses, including customers, suppliers, government agencies and perhaps your bank manager.
. You may eventually hate your business in the same way other people hate their job.
The prospect of going solo should not be regarded as an escape route from some other aspect of your life. It is important to consider the pros and cons carefully until you feel confident that you are genuinely committed to creating a successful business.