Working for yourself had it's positives and has it drawbacks. Personally I'd prefer to work to myself.
Just curious who owns their own business here?
If you care to expand, great.
I have done it twice. In my early 20's I started a carpet cleaning business. That was a very hard cut throat business. I enjoyed it. Did a lot of work in detroit. It was better back then. I was way to young and way under funded to o it the right way. I was wanting to start something on my own and that was realy the cheapest business I could start up on the cheap.
The biggest problem I had was I would not do anything stops after 2pm so i could go to the loacal track. LOL
Taxes are also a huge pain in the ass. Keeping very very good records and logging all incoming and outgoing monies.
the 2nd time was starting my own rehab business. That was a nice way to make money doing work on rental properties. I have the skills to do most interior work and already had the tools for the job.
Starting that business has led me to the job I have now of inspecting houses.
Good:
freedom
open schedule
Success is up to you
Bad
too much freedom
taxes
competition undercutting you every week.
Waiting to get paid.
What type of business are you looking to get in?
Do you need a building to do it?
What type of insurance do you need?
How many employess will this business need?
What kind of way do you plan on getting people to do business with you?
Do you have a wife that works that you can have benefits with? (this is huge)
Do you have a wife that is behind you?
Are you well funded to not ake any money for 6 months?