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Self-Employment Isn’t Always Roses, Sunshine, and Syndicated Television

For workers stuck in a sea of cubicles, being self-employed sounds pretty appealing. After all, who wouldn’t want to work from home and start spending a lot more time in their bathrobe, watching Ricki Lake, drinking mimosas, and devising new ways to spend the buckets of cash delivered daily to their doorstep?

The reality, of course, is that starting a business – even a sole proprietorship – is filled with risk and hard work. So before sending off an angry “Take this job and…” email to everyone in your company directory book, here are a few links with good tips for the wannabe entrepreneur:

  • BankRate.com: 5 ways to crash your small business – There are some excellent things to remember at this link, starting with “use your head, not your heart.” Many people go into business for themselves because they want to do what they love without the extra baggage that comes with working for someone else. The reality is that the baggage is oftentimes necessary: the details of accounting for every dollar and minute spent are ultimately important. Treat your business like you own it, not as if it’s just a job.
  • Blogtrepreneur: Small Business Startup Myths – Think that with your own business you’ll be able to just relax and wait for the money to come in because you happen to be good at your current job? Think again. This post addresses some of the most common fantasies/myths people have about starting their own business.
  • Guy Kawasaki: Five most important lessons I’ve learned as an entrepreneur – A great list from well-known tech entrepreneur and venture capitalist Guy Kawasaki that’s primarily useful for web startups. Two particularly stand out: Focus on Cash Flow and Try Stuff. Early on, profitability is less important than spending money wisely and building an interesting product or service. Don’t hamstring your great idea because you’re focused on short-term profitability.
  • Trizle: What Startups Get Wrong – Think you have a great idea that is sure to succeed? Well, it probably won’t. And here’s why. (Thankfully, the oft-cynical Trizle also lists some of the ways a small business can rebound from a slow start.)
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One Trackback

  1. [...] especially like this last proposal. Starting a business is risky but it’s the American dream — and incentivizing people to go for it seems like a great [...]

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