BEING YOUR OWN BOSS. SELF EMPLOYED, SELF TORTURE.

• Well here's the reality

  businesses on average 90% fail within the first 2 years

  means that, you have to start 10 businesses and only 1 will be successful

  i didnt make this up, u can search the stats yourself

  being a boss is not easy

  especially if u start the company urself

  there is always Production / Management / Sales;  three big essential foundation for a business

  If the business were say, Website Design Agency like mine = Production is the designer's expertise, they must be able to produce anything the business needs. Management needs to take care of all admin, documentation and staff + budgets

  Sales would be the advertising, marketing and customer service + Feedback

  usually a company needs these 3 experts as the directors to function. Unless you are capable of doing all
• 

  1:18am
  

  Royce Tan
  

  
  

  In order to be capable of doing all, you need to have the experience. meaning that you have to have worked in the Production side (if websites then work as a designer, if food then work as a chef) ; in the Management, (need to work as secretary for that type of company, just to see what kind of admin work is involved in that business). Finally work as a salesman for that industry, to understand your market and consumer.
• 

  1:19am
  

  Royce Tan
  

  
  

  if you can do all that, then you will be superstar, but there is still = Location, Competitors and Market trends that you need to worry about

  Like i said, running your own business is difficult

  unless u became a boss by family business. then you dont need to know shit. the business is already working