Opening a small business is a serious life change that you should undertake only for a good reason.

Many people consider opening a small business for all the wrong reasons. Then they are surprised to learn that their own small business doesn’t provide what they wanted.

If your reason is one of those listed in this article, you may want to rethink opening a small business.

Opening A Small Business: Bad Reason 1 - You Don’t Like Your Job

Wanting to quit your job is an erroneous reason to consider opening a small business. If that’s your reason, find a better job instead.

Remember that there are many aspects to running a business. Some you may like. Others you may hate, but you have to do them or hire someone else to. Do you have enough start-up funds to pay employee salaries? If not you’re going to be doing jobs that you don’t like anyway.

Wanting to quit your job is an erroneous reason for opening a small business.

Opening A Small Business: Bad Reason 2 - You Want To Be Your Own Boss

Everyone has a boss or bosses.

If you borrow money, the lender will make demands about how you run your business. Clients and customers will make demands about your service. Even employees will make demands of you.

If you don’t want a boss, start a hobby, not a business

Opening A Small Business: Erroneous Reason 3 - You Want More Time To Do What You Want

Despite all the hype about people getting rich in business by only working part-time, business owners average spending more time working than employees do.

You’ll be working 50 to 60 hours weekly in order to build your business. If you just want to work part-time so you have more free time, you’ll never succeed in business.

Opening A Small Business: Erroneous Reason 4 - You Want To Increase Your Income

Any increase in your income from opening a small business is going to be a long time coming. It may take years before your business does anything but take money.

Your new business will require seemingly unlimited resources, and want start giving back for a long time, probably years.

You will get very frustrated if you go into business to pump up your personal income.

Opening A Small Business: Bad Reason 5 - You Have A Good Idea For A Product

Just having a great new product isn’t enough to assure business success.

You also need to consider if you can keep others from copying your product and stealing your sales just as you finally get people convinced that they need your product.

So just having a good product idea is not enough to risk opening a small business.

Opening A Small Business: Wrong Reason 6 - You Have Start-up Funds

Yes, a new business requires money and by opening a small business, you are investing in yourself. But is that a good gamble.

You may do better investing in the stock market so that you’re gambling on businesses that are established and managed by seasoned entrepreneurs and business managers.

Having some money to invest is not a good enough reason for opening a small business

A Small Business: Bad Reason 7 - Advertisements Say It’s Easy

Don’t believe everything you read and hear. Many people will tell you that opening a small business and making it successful is easy, but most of them are just wanting to make money off you. Running a successful business is lots of work. Anyone who tells you differently is telling you a lie.

If it was easy, everybody would do it. Many try and fail because they think it’s easy and soon learn that its the most difficult thing they have ever done in their lives.

If you want to succeed, don’t go into business thinking that it’s easy.

Synthesis

If you are considering opening a small business for one of these wrong reasons, be smart and don’t.

But there are good reasons for opening a small business. One is that you have a product or service that is needed and wanted by a target market whose members will pay you a fair price for it. But even then, you have to know how to market effectively to them.

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