What are the negative aspects of opening your own business, besides losing money?

I would say that may affect the credit both ways. If you do good beginning and can not pay the bills by fast, then obviously hurt your credit. I am looking to start a business and I did not realize how much work it actually is. Seeking grants, learning about taxes, laws, regulations and licensing can be a lot of work.

Very important

I think after spending a lot of bump start, just be smart and only spend what you can. The budget is the most important part of a successful business. One negative aspect of owning a business is a big responsibility. If something goes wrong you can not escape it. It's scary, but be smart and do your research and be a positive experience!