Many people start businesses because they enjoy doing something a recreationally. Since we’re all told to do what you love, what makes more sense than to start doing as a business something that you love to do as a hobby?
The most obvious example I can think of, are people who start restaurants because they love to cook. Unfortunately, there’s much more to the restaurant business than just cooking. Marketing, staffing, inventory, and customer relations all take up more time than cooking for new restauranteur. So do the unglamorous jobs like cleaning the toilets. Unfortunately, I think that many small business entrepreneurs are not prepared for this reality and this is reflected in the failure rate for small businesses.
To read the full, original article click on this link: Your Biz Is Not Your Hobby: Why Many Small Businesses Fail - Business Opportunities Weblog
Author: Dane Carlson
