When you decide to build a business online, you need to be aware of the advantages and disadvantages that comes with it. Entrepreneurship comes with rewards; but it also comes with risks. You need resilience to run an online business and it can be a rollercoaster so you need to know what you're getting yourself into and be prepared for it.
The pros and cons of starting an online business cannot alk be covered but we'll consider a few.
The Pros
It brings in a new stream of income. An oonline business provides a new stream of revenue for you. And if you do it right, you'll increase your income.
It is easily scalable. You can scale it up or down depending on your needs and it can be a tool to help you achieve your goals whether you want to be a full time CEO or a side hustler or go serial on entrepreneurship.
It can benefit your career.
It can open new doors for you and there is room for growth. You can keep it as a side business or make it a new career.
The Cons
There are a few on the negative side but don't let them stop you. I'm talking about them so that you can ne prepared.
It requires a lot of effort and it can be sometimes tiring because while starting out you might have to do everything on your own.
It might take a while for you to get it off the ground.
You won't start making profits overnight. And it will take a lot of your time and energy.
It will be critical to prioritize it.
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