A lot of people want to start their own business so that they can be their own boss. The downside—it’s hard work to manage yourself. Not to mention that when mistakes happen, it’s on you to fix them. Although being your own boss has its benefits, there are key things to consider before handing in your two-weeks notice.
Can you handle the responsibility?
You may not like your boss. But when you work for someone else, they are the ones responsible for what you do. So when you slack for a couple weeks, they are the ones who suffer. If you choose to be your own boss you have to take the responsibility for employees (or yourself) when they/you slack a bit. Not to mention when a mistake is made.
You get paid when the company is paid.
Unlike your traditional 9-5, start-up employees (specifically the founders) don’t have a set income. They make money as the company makes money. So if there isn’t enough income coming in, your bills don’t get paid.
More than anything you have to be motivated to overcome the (many) obstacles that come with being your own boss. Procrastinators beware—being your own boss means you have to be “on” all the time. When it’s your company you don’t get days off. Not only are you working around the clock, you are directly responsible for everything that happens.