If you’ve ever dreamed of owning and running your
On July 12, 2010 in Finance
If you’ve ever dreamed of owning and running your own business, you know how nice that can sound. No boss, no coworkers, no need to get dressed in a suit bunny slippers are allowed in the office, that ability to start and end your work day when you choose. And of course the ability to set your own income. Indeed, this is a dream that is shared by many, but put into practice long-term by few. Why? It takes real, hard work. In fact, don’t be surprised to find yourself working longer hours than you did at your job, as you’re starting out. That said, you will need to give thought to what equipment you need, your market, how you plan to market your services, as well as the bare minimum you’ll need to deal with expenses once handled by your paycheck. This is not a course of action to be taken lightly, but it can be quite fun. That said, you may have briefly thought about obtaining a small business loan. But just before you do, you’ll find a couple of issues you have to imagine about.