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Would-be entrepreneurs who want to have a better work-life balance are in for a rude awakening. For at least the first few years, you may be on the job at all hours. If a customer has a problem in the middle of the night, you are the one who’s getting up to address it. And if the company goes under, you are solely accountable for that failure, sacrificing your financial livelihood in the process.

These days, the traditional business world gets a bad rap. But there are some highly valuable aspects of regular jobs that we don’t think about until they are gone. These are the three P’s: peace, prestige and perks.