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Chapter 1. Exposing Myths of Self-Employ... > Calculating the Costs and Risks of S...

Calculating the Costs and Risks of Self-Employment

Before you give notice, however, it is important to realize that you are taking on a whole new set of risks when you launch your own business. And along with those risks comes a set of costs your employer currently subsidizes or pays outright. Anyone who is considering starting a home business has to stop and weigh these costs and risks in order to understand the challenges he or she is facing. This risk and cost assessment shouldn't discourage you from striking out on your own; but it should prepare you for the road ahead. View this information as part of your decision-making tool kit as you consider leaving your current employment and starting your own business.

Considering the Risks

The most threatening risk of self-employment is simply put. If you don't work, you won't have any money. You could go bankrupt. You could go homeless and hungry.


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