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Dear Muhammad,
Let us ask ourselvesthequestiondifferently.. What are the Risks of Starting Your Own Business?
There are reasons that business ventures fail, and, when you know what they are, you can avoid them. Sure, there are risks involved with starting your own business.
You could lose a lot of money. You could become estranged from your family if you put all your time and energy into work. You could lose your business to fire, an earthquake, or flood.
But there are risks involved with working for somebody else, too. You might lose your job. You might hate the job and be miserable every day of your life. You might have to take a salary cut, or become estranged from your family because you're traveling for weeks at a time.
All of life involves risk. If you go into a business, or a marriage, or anything else thinking that you'll fail, then chances are that you will fail.
Most businesses fail because the person who started them didn't set goals, or failed to thoroughly think through what he would do, and how he would do it. Some entrepreneurs try to start a business without ever writing a business plan, which is a huge mistake.
A business plan is the entrepreneur's bible, and an absolute necessity. It not only serves as a road map for where your business will go and how you'll get it there, it will be an important sales document when you're trying to attract funding for your business.
If you do your homework, and adequately prepare before starting a business, chances are good that you can make it work. And remember that not attempting something you really want because you're afraid of the risk involved might be the biggest failure of all.
I will recommend you to take risk and start small business.
I will recommend you to take risk and start small business.
Best Regards,
Hany Sewilam Abdel Hamid
Business Development Manager
Entrepreneurship Coach & Consultant
- http://www.sewilam.com
- facebook.com /Orkanza
- twitter.com /HanySewilam
Tricky question no one can answer!
If you have the entrepreneurship characteristic; then the answer would be (start your own business).
If you don't have these characteristics; then the answer is (have a job).
So; it depends on (YOU). There are business owners and there are workers. So; both works; but you the one who decide where to be.
Depend on the economice study, market study, and the fininial study, if it is good take the risk, if not find a job.
