According to recent research, 24 million Americans want to become their own boss in the next year, but they may not really know what they’re getting themselves into. From data collected from more than 3,700 American workers, it was found many of these workers had recently become small-business owners or wanted to become one. It turns out many budding entrepreneurs have high expectations, but lack being realistic about what it takes to start and grow a business.
The data shows that people anticipate better work-life balance once they start a business. They think they’ll be healthier and less stressed. At the same time, they expect to earn more money and have more career certainty. This doesn’t always happen of course. If you plan to start a business, you have to be cautious and prepare for the reality that you may need to work harder without getting everything you thought you would.
Dr. Elijah Clark (May 17, 2021). Why you should not start a business [Web log post]. Retrieved from https://elijahclark.com/lesson-119/