So you’re thinking about opening a small business. Why?

The reason that you want to open your own business is important because if you do it for the wrong reason, you may be disappointed and waste lots of time and money before you fail.

If your reason is one of those listed in this article, you may want to rethink opening a small business.

Opening A Small Business: Bad Reason 1. You Don’t Like Your Job

Not liking your job is not a good reason for opening a small business. It’s much easier and less expensive to just find another job more to your liking.

There will also be parts of running your business that you won’t like, but unless you’ve got loads of money to pay others to do those jobs, you will have to do them. And even if you do have the money to hire help, you need to know how to do each job to supervise your employees’ work.

So not liking your job is a bad reason for opening a small business.

Opening A Small Business: Bad Reason 2. You Want To Be Your Own Boss

Do you want to be your own boss, or do you just not want anyone bossing you? Guess what, opening a small business doesn’t mean you have complete autonomy.

If you borrow money, the lender will make demands about how you run your business. Clients and customers will make demands about your service. Even employees will make demands of you.

So if it’s complete autonomy that you’re wanting, you should consider a hobby rather than a business.

Opening A Small Business: Bad Reason 3. You Want More Free Time

Despite all the hype about people getting rich in business by only working part-time, business owners average spending much more time working than employees do.

Unless you are prepared to give 50 to 60 hours per week to your business, you’re wasting your time opening a small business.

Opening A Small Business: Bad Reason 4. You Want To Make More Money

You may in time make more money working for yourself. But when just opening a small business, you aren’t going to make as much as you can on the job. Plus your small business is going to take start-up funds, so you’ll be spending lots of money while making very little that you can consider personal income.

To build a business, you have to put everything the business makes back into the business for at least the first few years. So you need to expect less personal income through those years.

So if you have an immediate need to make more money, get a second job instead of opening a small business.

Opening A Small Business: Bad Reason 5. You Have A Good Idea For A Product

Having a good idea for a product is not reason enough for opening a small business. You have to know that there is a market for the product already established. Having to take time to educate people about their need for a product can take more time than your business can survive without sales.

You also need to consider if you can keep others from copying your product and stealing your sales just as you finally get people convinced that they need it.

So just having a good product idea is not enough to risk opening a small business.

Opening A Small Business: Bad Reason 6. You Have Some Money To Invest

Yes, a new business requires money and by opening a small business, you are investing in yourself. But is that a good gamble.

You may do better investing in the stock market so that you’re gambling on businesses established and managed by seasoned entrepreneurs and business managers.

Just because you have some money to invest is not a good reason for opening a small business.

A Small Business: Bad Reason 7. Advertisements Say It’s Easy

They lie. Opening a small business and managing it to success is anything but easy. It takes a variety of skills , nearly all of your time, and constant trouble shooting.

If it was easy, everybody would do it. Many try and fail because they think it’s easy and soon learn that its the most difficult thing they have ever done in their lives.

So if you don’t want to be one of those people who open a small business and fold it in less than a year, be prepared to work harder than you ever have on a job.

A Small Business: Conclusion

If one of these bad reasons has motivated you to toy with the idea of opening a small business, you’re better off to save your time and money.

But there are good reasons for opening a small business. One is that you have a product or service that is needed and wanted by a target market whose members will pay you a fair price for it. But even then, you have to know how to market effectively to them.

To learn more, you can get a free DVD on Marketing Your Small Business.

Submitted to Article Directories: 7 Bad Reasons For Opening A Small Business