Top 5 Concerns of the Newly Self Employed
Becoming self employed can bring a lot of fears to the forefront, especially when a weak economy is on the horizon. That’s definitely not the best time to open a business, or so it would seem. All of this serves to heighten the concerns of the newly self employed. I have put together my Top 5 Concerns of the Newly Self Employed.
1) Inflation. With prices going up, how can you easily jump into a business and even think about competing on price?
2) Health Insurance. How can you cope with your health insurance needs? It’s costs can put a huge hamper in business plans.
3) Access to Capital. With the recent tightening of the credit market, how can I get access to the capital to build a business?
4) High Taxes. Taxes are high on businesses and the paperwork is just so convoluted.
5) Chances of Success. What kind of chance do I have to be successful?
I hope to offer advice on these in the coming days because I am working through these concerns myself right now.