Starting a biz

Been working at the startup for the past few weeks. Really inspirational I must say. For a start, being your own boss really means having a whole lot of discretion, which I enjoy. You control when you start work, what office equipment to buy, which project to take up. You know exactly how much you will earn from each project but of course it comes with the ups and downs of the business cycle which could translate into sleepness nights worrying about your turnover next day. Couple of things I learn
1) Networking is the most impt thing in a biz. You never know what you need, a supplier of packaging, a new teaching project, cheap laptops etc
2) You might need to go into areas which you are not particularly keen on, esp at the initial stage, in order to support yourself. For e.g. You might want to start a risk management consulting firm but end up being more on the educational side of risk management simply because there are more oppportunities in that sector
3) Its very hard work; more working than working for someone but the rewards are great if you succeed too
4) Being in a small company, there are no commitees, very few meetings, no lousy minutes to take, you made all the decision yourself, you make your own coffee,clear your own rubbish, but life is bliss cos there are no rules at all. No more forms to fill up! You can go for lunch at 10.30!

Is life as a entrepreneur better than that of a trader? Am I having second thoughts?