One of the major disadvantages of being an entrepreneur is that the workload is much greater. Entrepreneurs tend to work alone by nature, meaning that they may not be able to easily delegate tasks to others. At the beginning, all jobs will need to be completed by the entrepreneur, including accounting and budgeting needs. Over time, the workload of an entrepreneur can lessen, but not before the organization is established.
People who want to be entrepreneurs often think they will have much more freedom, yet this couldn’t be further than the truth. At the beginning of a new venture, entrepreneurs have to work long hours and rarely get to take vacations.