1. Financial Risk: Starting your own business may involve in a huge financial risk. You have to take calculated financial risk when you start a business.
2. Liability during Failure: You are the only responsible person if the business is a sole proprietor or owned only by you for any liability.
3. Working Long Hours: Starting your own business requires working for long hours. This will affect health, personal. Working for long hours will result in work stress.
4. 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.
5. Limited or No Vacation: As a business owner you work for long hours. This is because you cover most of the activities by yourself. Due to this you will have no or limited time for vacation.