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Wealth Warning!

Posted on: 15th Jan 2015

Whatever people may tell you, working for yourself isn't easy and requires a lot of hard work (self?employed people generally work much longer hours than employees); a sizeable investment and sufficient operating funds (most new businesses fail due to a lack of capital); good organisation (e.g. bookkeeping and planning); excellent customer relations; and a measure of luck - although generally the harder you work, the more 'luck' you will have. Don't be seduced by the apparent laid?back way of life in some countries - if you want to be a success in business you cannot play at it. Bear in mind that some two?thirds of all new businesses fail within three to five years and that the self?employed enjoy far fewer social security benefits than employees. 

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