{"id":7215,"date":"2019-10-15T17:50:45","date_gmt":"2019-10-15T17:50:45","guid":{"rendered":"https:\/\/iconicworkspaces.com\/blog\/8-myths-about-having-your-own-business-2\/"},"modified":"2026-10-12T16:45:44","modified_gmt":"2026-10-12T16:45:44","slug":"8-myths-about-having-your-own-business","status":"publish","type":"post","link":"https:\/\/iconicworkspaces.com\/en\/blog\/2019\/10\/15\/8-myths-about-having-your-own-business\/","title":{"rendered":"8 Myths About Having Your Own Business"},"content":{"rendered":"

Like some employees, you might not be happy in your current role, but won\u2019t speak openly about it. Well, the truth is, no job is better than the other and, therefore, don\u2019t think things will become better if you land a new job. With every job comes a different challenge, which you can\u2019t avoid. <\/p>\n

However, there\u2019s always a way out if you feel you can\u2019t take it anymore. You can choose to become your boss by starting a business. Even so, becoming an entrepreneur isn\u2019t a smooth ride. We\u2019ve got several rises and falls along the way, and not unless you get things right from the onset, you can quickly get discouraged.<\/p>\n

Before starting a business, you should examine the motives behind the idea. Like, is your reason for starting your own business based on reality, or some startup myths? The main reason why most startups are short-lived is that most upcoming entrepreneurs found their businesses on myths instead of reality.<\/p>\n

Here are some common small business myths that have misled most business owners.<\/p>\n

    \n
  1. You\u2019ve Got More Free Time: <\/strong>The <\/strong>fact that you\u2019re a business owner doesn\u2019t mean you\u2019ve more control over your time with lots of free time. To become successful, managing your business should be a lifestyle and not an 8-to-5 job. Be prepared for less free time and more demands on the little time available. <\/li>\n
  2. You Determine How Much You Earn: <\/strong>Most startup owners believe that they can determine the amount of profit directed to their pockets. The reality is that new business won\u2019t generate profit immediately. And since you need to cater for operations costs and reinvest surplus funds back into the business, your salary will be limited.<\/li>\n
  3. Legal Issues Aren\u2019t Important: <\/strong>Small business owners believe that their small size allows them to operate without the legal protection of signed contracts. They imagine that their businesses are rarely noticed by government agencies. The truth is, any business should follow all the legal requirements to be on the safe side.<\/li>\n
  4. You Can Work Whenever You Like: <\/strong>Being a business owner doesn\u2019t permit you to work whichever time you like. The truth is, the business owns you and serving your customers should be the center of interest. <\/li>\n
  5. You\u2019ll Make a Fortune as a Business Owner: <\/strong>Don\u2019t be excited by the cash inflows into your business. You may just realize that you\u2019re getting little from your business after balancing the outflows and inflows. So, don\u2019t start a business with the mentality that you\u2019ll make lots of money.<\/li>\n
  6. Owning a Business Is Less Stressful:<\/strong> If you thought a job is demanding, try owning a business. It\u2019s more stressful. You need to sacrifice your happiness and needs for your customers\u2019 benefits. So, don\u2019t imagine it\u2019s going to be easy.<\/li>\n
  7. You No Longer Answer To Anyone:<\/strong> It\u2019s true that as a business owner you no longer answer to a boss, but the truth is, you\u2019ll be answerable to more people than you think \u2013 your customers, employees, suppliers, financiers, and government departments. <\/li>\n
  8. You\u2019ll Be Able To Delegate Everything: <\/strong>You can\u2019t delegate all the tasks in your business \u2013 especially in the start, when you don\u2019t have any employees. Issues to do with managerial finance, pricing, and recruitment need your attention, and you can\u2019t just delegate. Again, you\u2019ve to watch over every activity taking place in your business. So, don\u2019t think you\u2019ll rely on people to do the job.<\/li>\n<\/ol>\n

    If you want to succeed as a business owner, get rid of these myths. They delay overall business growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Like some employees, you might not be happy in your current role, but won’t speak openly about it. Well, the truth is, no job is better than the other and, therefore, don’t think things will become better if you land a new job. With every job comes a different challenge,…<\/p>\n","protected":false},"author":1,"featured_media":5047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"\n8 Myths About Having Your Own Business - Iconic Workspaces<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iconicworkspaces.com\/en\/blog\/2019\/10\/15\/8-myths-about-having-your-own-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"8 Myths About Having Your Own Business - Iconic Workspaces\" \/>\n<meta property=\"og:description\" content=\"Like some employees, you might not be happy in your current role, but won’t speak openly about it. 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