Running your own business is at the moment the ideal preference for many people in the current economic climate as gratifying jobs become harder to stumble on, however before you seize your entire life savings and invest it in your own livery stable business. What do you need to be aware of?
Having your own business means you are no longer the individual who takes the instructions (or shouldn't be); by all means be a nice boss pay attention to to your staff (if you have any), pay attention to their advice and mull over the information they give to you. Now it's your duty as the boss to organize this data and put policy into action..."failing to plan is planning to fail."
Be vigilant when operating your own business - for sure you want to make money, but not at all costs. What are the costs of business compared with just being a worker? You have more accountability to yourself, your household and workers if you have any - they are all reliant on you for their financial safety. Gulp! Operating your own business often means running longer hours and you may possibly not make any funds from working those long hours where before you may have got paid per hour/day. A guaranteed salary!
However having lots of money in the bank is a relief.
For your own personal regard; picture the feeling you have compared to being in a unremarkable employment or no employment at all. It is a lot unproblematic to get out of bed first light knowing you are building a business for yourself and your family; your not doing it for your boss - who you might not even get on with.
We live in a big world; their are thousands of livery stable businesses - but they aren't all identical; as a new entrepreneur it is your mission to run your business the best way you see fit via your experiences you've acquired in life so far.
Hardly any people begin their own business - most people don't have the gumption. The question is do you have it? Are you going to propel yourself in business as well as in life?