Liability during Failure: You are the only responsible person if the business is a sole proprietor or owned only by you for any liability. You are liable for any debt you may have during the course of business operations.
Working Long Hours: Starting your own business requires working for long hours. This will affect health, personal and social life. Working Long hours at office is required if a problem happen. Working for long hours will result in work stress. You have to balance work and personal life without affecting the business.
Feeling Isolated: When you start a business working for a long time alone is inevitable. This result in feeling isolated from the family and society.
Limited or No Vacation: As a business owner you work for long hours. This is because you cover most of the activities by yourself at the start up stage of a business. Due to this you will have no or limited time for vacation. Lack of vacation can be taken as one of the disadvantages of starting your own business.