Some of the challenges are practical. With no boss, it's easy to take too much time off and get too little work done. With no co-workers, you might feel bored or lonely. You have to pay for your own benefits, like vacations, insurance, and a retirement plan. And if you make a bad business decision, you could lose all the money that you invested. For a of more than half of all new businesses fail within one year. these reasons,
Another problem is balancing work with personal life. As a business owner, you can't just stop at 5 p.m. and forget about your work until tomorrow. "Even when I'm watching TV in the evening, I'm always thinking about my clients and my projects," says David Paik