This is substantially due to inadequate financing and lack of management expertise. Moreover, personal assets pledged as collateral against loans will normally be lost. Stress - Studies show that entrepreneurs have higher rates of stress, heart disease and divorce due to the pressure of operating their own businesses. If it proves to be impossible in some of the areas, then these skills will have to be obtained through employees at a psychological and monetary cost to the entrepreneur. Although the possibility of making large profits does exist, there are relatively few small business millionaires.
Financial rewards are typically small during the first few years of operation.
As you are probably coming to realize, starting a small business will involve the assumption of considerable risk and will involve a lot of work. However, if you are convinced that the benefits out-weigh the risks, then small business ownership may be for you.