+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
Starting your own business is like having a child. It’s a long-term commitment you cannot ignore or get away from for any length of time. It’s not for everyone, and unlike at a job, you usually can’t punch a clock, call it a day, and, if something happens, leave it to your boss to handle. When you run your own small business, it’s your problem and your responsibility, no one else’s!
To prepare for starting your own business, clear up your schedule to make sure you have the time to focus on it. Businesses are rarely part-time. It’s more a question of whether they will be merely full-time or the whole 24/7. Make sure that the significant people in your life understand the commitment you’re getting yourself into before you get into it. The pressure and stress of opening and running a business won’t just affect you, but all the people close to you, as well.
Co-founder and general counsel
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.