The Payroll Blog
News, tips, and advice for small business owners
There are good reasons to start a business, such as the freedom and flexibility, as well as bad reasons.
As you ponder your future, as you consider the idea of starting a business, it is important to understand what is prompting this line of thinking.
Below are three of the worst reasons to start a business:1. You are ready to make your millions.
It's not uncommon for a coworker or family member to talk you into starting a business. They have a great idea. They have a little bit of money to throw around. All they need is your partnership.
As tempting as this may sound, make sure you do all your homework first. Will you get along with the person? How will you delegate responsibilities? Will you split ownership down the middle?
There are good and bad reasons to start a business. The three reasons above may open your eyes, leading you to adjust your approach before moving forward.