Business ownership can be challenging, fun and exciting. But it's also a lot of work. Research indicates that many business failures could have been avoided through better planning. Good organization of financials, inventory, schedules, production can help avoid many pitfalls. Running a business can wear you down.
Some business owners feel burned out by having to carry all the responsibility on their shoulders.
Strong motivation can make the business succeed and will help you survive slowdowns as well as periods of burnout. The first few years of business start up can be hard on family life. The strain of an unsupportive spouse may be hard to balance against the demands of starting a business. There also may be financial difficulties until the business becomes profitable, which could take months or years. You may have to adjust to a lower standard of living or put family assets at risk.