New business equals new stress

It may seem intuitive that when you’re not answering to a boss, you’ll have more control over day-to-day activities and less stress. Research shows that’s not the case though. According to a study, 64 percent of workers expected to be less stressed after starting their own business. However, only 55 percent actually ended up that way.

Building a business from the ground up is a lot of work. You’re likely going to be more invested in its success than you would working for someone else. You also might not have as much time for your personal life as you’d like. Most entrepreneurs I meet say they’re almost always on the clock, because there’s so often something to do. Many founders never had experience managing their own hours, much less those of others in prior jobs, so they struggle to do it as they run a company for the first time.

You also run into problems far from your field of expertise that you never had to consider while working for someone else. In fact, 44 percent of self-employed people said they performed a much wider variety of tasks on a daily basis than they did working for someone else. You can expect that you may need to become CEO, Marketing expert, Finance manager, HR, and a Graphic Designer extraordinaire just to start and operate your business.