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. If you are in financial risk then you will be unable to repay the money you borrowed from various sources.
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.