Management Tip of the Day: Be Wary of the Downsides of Entrepreneurship

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Management Tip of the Day
Harvard Business Review
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MAY 27, 2010
Be Wary of the Downsides of Entrepreneurship
There are many rewarding things about being an entrepreneur: the autonomy, the recognition, the creativity, not to mention the fact that you are pursuing your dreams. But starting a business is never easy and not everyone is cracked up to be their own boss. Before you embark on a solo venture, remember that there are downsides too. Being an entrepreneur requires high risk, hard work, and many, many tradeoffs. The glamour of the got-rich-quick entrepreneur is often a far cry from what it's really like in the trenches. Take a hard look at your life and be sure you know what you are risking before you set up your own business.
Harvard Business Review Blog Today's Management Tip was adapted from "20 (More) Reality-Checking Questions for Would-Be Entrepreneurs" by Seth Kravitz.
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