Lack of doing Enjoying Tasks: Starting your own business requires carrying out every detail activities. This will stop you from doing only those tasks which are pleasant for you.
Variable Income: One of the disadvantages of having own business is your income may not be stable at various periods. At one time you may get huge revenue and at another time you may get little or no income at all. You are also unable to cover your costs if the income is too little. This will affect your day to day operations.
Undertake Unpleasant Tasks: When you start your own business you are required to carry out various human resource activities. Some of the activities are hiring, promoting and firing employees. You may be forced to fire your relative or friend due to poor performance. You also refuse to hire your relative, friend or any person you may know. These activities are unpleasant but must be undertaken if you want your business to go forward.
Learning Various Skills: When you start a business you are supposed to carry out various activities. This is because you cannot hire a professional at start up stage due to lack of finance. Your business requires various skills even at the initial stage. This forces you to learn various skills which you may not have. Learning various skills out of your profession will result in loss of your comfort.
Responsible for All: When you start a business you are responsible for all praise and curse. You are responsible full day for any request that comes from customers.
Failure: You have to keep in mind that all started business will not be successful. You have to remember that there is success in one hand and failure on the other hand. You have to prepare yourself when there is business failure. Your business may not be as successful as you intend for. Failure is one of the major disadvantages of starting a business. You do not have guarantee for the success of your business.