“Are you ready to start a lucrative business?”
Here are a few things you should consider before taking that leap of faith.
Pros and Cons as a Entrepreneur
| Unlimited pay increase | No health insurance |
| Work your own Schedule | No paid time off |
| Payday is everyday | No social security benefits |
| Low taxes | No tax refund |
| You set your own price | No guarantees |
(Varies)
Being an entrepreneur places most of the responsibility on you. Which is why it can be a difficult transition if you have not set up other alternatives.
Please be mindful that you can purchase health insurance through the health marketplace, as well as life insurance for you and your family.
Setting your own price, managing your money with a savings account and hiring an assistant will help you when you need a break from your own business.
You can set up a business account that is separate from your day to day checking account. Spending appropriately will help build credit.
It’s all about taking a risk and believing in yourself and the business you choose to create.
