Running your own business can be exhilarating, liberating and rewarding but isn’t for everyone. Setting up your own business will require your full commitment.
|You can do what you are interested in||Personal sacrifice|
|You get to be your own boss||Financial insecurity|
|Tax benefits||Loss of company perks|
|Variety of work||Pressure on close relationships|
|Cut the commute||Isolation|
|You are in control of finances|
Research has also shown that there are certain qualities commonly found among successful business people.
As a business owner there are core skills that it is necessary to have in order to be successful. You may need to learn new skills if you don’t already have them or could draw on outside help by delegating, recruiting or outsourcing.
You may have the skills and qualities to become self-employed but this doesn’t necessarily mean it’s the right option for you.
There are common concerns that people have when setting up on their own
• Consider all rewards and challenges to self employment
• Evaluate and consider your skills and qualities
• Consider your personal circumstances
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