Tired of working a 9 – 5 day job? It’s most likely crossed your mind at least once: what would it be like to be your own boss? There are many benefits to starting your own small business, just like there are a few cons you’ll encounter as well.
Here we’ve decided to list a couple of the pros and cons of quitting your day job and embarking on the journey of entrepreneurship:
Cons of starting your Own Business:
You don’t get a break. When working a day job, it’s much easier to unplug and forget about work once you’ve left the office. On the contrary, when running your own business it becomes a 24/7 affair. You will wake up thinking about work, and most likely go to sleep thinking about work. Not to mention feeling the dread every time your cellphone lights up with a new email.
Mistakes will always fall on you. Your business, your responsibility. When working for a larger company as an employee, mistakes usually fall on those in higher up positions without directly affecting your reputation.
Pros of starting your own business:
You are your own boss. For those out there who feel like they are capable of making the decisions necessary to run a successful business, and who are tired of taking what can sometimes seem like misguided direction from someone in a senior position, being the one in control can be the best feeling in the world. Plus, it can boost self-esteem and confidence when you are reaping the benefits of your successful business.
You will feel like your hard work is paying off. As opposed to working yourself to the point of exhaustion for your next minuscule pay raise or a chance at a promotion, the work you but into your own business is directly related to the amount you can earn. You will still be working hard, but you’ll be seeing more of a return investment on your labor.
Moving to Mexico and starting a small business could be the perfect lifestyle change for you. Although there are most definitely more pros and cons than those listed here, if you feel that the pros are speaking to you a little louder, then it sounds like you may be ready to look into options for small business funding in Mexico.
MEXLend is not only the most experienced mortgage broker in Mexico, but we also provide business loans to those looking into small business funding in Mexico.
Click here to learn more about commercial loans in Mexico with MEXLend.