You can get rich in a small business, or at least do very well financially. Although most entrepreneurs don't get wealthy, some do. Although you can reap many benefits by starting your own business, there are definitely some risks. You're going to need money to get your small business started. If your business idea is risky, ask yourself whether you're willing to gamble your retirement, your friendships and even your good credit on your business idea.
Business success can come at a high personal cost.
Getting your business up and running may consume most of your time and energy, including your precious evenings and weekends. You may not have much time for family or friends or the extra cash to take a second honeymoon with your spouse. Even a good business idea might not be financially workable. In a break-even analysis, you project income and expense estimates for a year to determine whether, in theory at least, your business will make enough sales revenue to pay its expenses. Excellent for entrepreneurs who don't know the first thing about business.