Pros and Cons of a Startup
If you’re thinking of starting your own business, based on your idea for a needed product or service, there are a few things you need to know before you dive into the pool.
The Pros
You own the idea
You’re the Creative Director
You retain all of the equity
You can run your business as you please
You keep 100% of the profits
The Cons
Your total upfront investment is unpredictable
You don’t have a clue as to when you’ll break-even
You can’t get a good handle on your expenses at first
Your risk is big, because you don’t know if your idea will work
You’ll be under tremendous pressure to make your business profitable
