Self Employed Business Opportunity – Risks Versus Rewards | ArticlesBase.com
Filed Under Home-Business | Posted on September 21, 2009
Whether youre already an entrepreneur, or just thinking about becoming one, if youre searching for a self employed business opportunity then you really need to way up the risks versus the rewards " and study them closely.
You see, a self employed business opportunity carries with it many rewards"and also many risks.
It is often said that when you are self-employed, you wake up unemployed every morning! But according to Experian, one of the three biggest credit reporting agencies, self employed entrepreneurs make about 25% more than the general population.
Nice.
You only need to look at some of the wealthiest people in the world who have made their fortunes as entrepreneurs, to realise the income differential. For example, Bill Gates, Warren Buffet and Donald Trump - to name just a few.
But what about the risks? Well according to entrepreneur Magazine, somewhere between 85 and 94% % of all new business fail within the first 5 years, which is a huge attrition rate.
So if youre looking to get started in a self employed business opportunity, make sure that youre acutely aware of these risks, and weigh them up against the rewards. The potential benefits are certainly vast and unlimited, but the major risk is that you have about a 50% chance of failure.
Not so nice.
But dont worry " its not all doom and gloom. You can lower your risks of failure by doing some very basic things.
1. Leaders are not born - they are created. Anyone can become a leader in any area if they want to. You just need to set realistic expectations and stay focused.
2. It really is about the survival of the fittest, where only the strongest survive. If you're wanting to get massive results, then you're going to have to take massive action.
So when youre looking for that self employed business opportunity do your research, way up the risks versus the rewards, then figure out what you what and dont quit until you achieve it.
Speaking of business opportunities, if youd like to gain more of an education on an online self employment business opportunity that will teach you how to write your own pay cheque using the power of the internet, then click on the link below.
Youll hear from two guys who are on a mission to create 100 millionaires by 2012! Yes, really. Heres the link Two Guys On A Mission
About the Author:
Audra is an Airline Veteran and Online Marketer based in Brisbane, Australia. She specializes in teaching her students Online Marketing, Personal Branding and Atrraction Marketing.
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