The Cost(s) of Doing Business

Costs for self-employed people are way more than money.

• Time cost — Entrepreneurs never really clock out
• Emotional cost — Failure happens often. It hurts.
• Identity cost — Self-employment means redefining yourself.
• Gratification cost — You must say “no” to a lot of good things.
• Learning cost — If you don’t like learning, just get a job.
• Reputation cost — Every day, your name is on the line.

Doing your own thing can be amazing. Just remember you’re risking more valuable assets than money.