8 REASONS WHY YOU SHOULD NOT START YOUR OWN BUSINESS

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1. Do not go into business because you want to follow the crowd. Do not copy others just for the sake of being a business owner. 
2. Do not start a business that you do not have passion for. Else, you will be wasting your time.     
3. If you do not have patience and perseverance, do not start a business because many businesses do not make profits until about the second, third or even the fifth year of startup. If you are not patient and have perseverance, you will become frustrated and will want to run back to your 9 to 5 job and it might be difficult to find any job after wasting time on your business.     
4. Do not go into business if you are not ready to make plans. He, who fails to plan, plans to fail.      
5. Do not go into business if you do not have the characteristics of a good leader.
6. Do not start a business if you are simply fed up with your work or boss and want to be your own boss.
7. Do not start your own business if you do not have adequate experience in the field of business that you want to start.
8. Do not start a business because you think that entrepreneurs have enough time on their hands to have fun and be free. Successful business owners work hard and delegate successfully to their staff.

You are simply not ready to own a business if you fall withi the above school of thoughts. Entrepreneurship is tough work. You need to be mentally, physically, spiritually, psychologically and financially ready, else, do not start your own business.

In my next blog, I will write about how to determine the kind of business to do.

Cheers!

Oluwakemi Bamidele Famugbode