It takes a very special type of individual to start a business, not everyone is cut out for the wear and tear that running your own business can place on you physically and mentally. As sometimes seen in the media and advertising, "Being your own Boss" can be portrayed as having "extra time" "not punching a clock" and "working the hours you want". This can be bit misleading, because in reality you are probably going to work more, much more in the beginning of owning your own business. Working for someone else and completing a set amount of hours per day, or being able to sign out on a Friday, and put work out of your mind until you go back in on Monday can provide a certain amount of comfort to some. As a business owner there is no clocking out, even though you may close the doors, and go home more than likely your mind is "still at work" Your new business will require you to be engaged in or way or another in order to make it successful. You must always be thinking of the little things, the small changes that add up and make a difference down the line. If you are fortunate enough to have plenty of funding when you start your business then you will escape someof the stress. Even then you may have had to borrow the money and have a loan payment to make every month. Maybe you saved the money or came into a lump sum of money that prompted you to try starting your business. Where ever your funding came from one thing is for sure, it will run out. You have a window in which you have to start turning a profit, and the odds are not with you as most new businesses fail the first year. This is the very scary part of starting your own business. Not everyone has the fortitude to lay it on the line like this and roll the dice with their future. Most enjoy the security of knowing where their money is coming from, and shy away from betting on themselves. Another aspect of being a business owner that most underestimate is making the big decisions. Nobody likes making mistakes at work, but when you are making choices that have implications on your future and their is nobody above you to defer to it can be a bit stressful. You are the one that everyone defers to. Your employees, and customers are relying on your decisions. Problem solving can require the majority of decision making capabilities. The world is not perfect and things do not always go as planned. Suppliers don't deliver on time, employees don't show up, angry customers with unreasonable demands. You will need to handle these "every day" obstacles, and make decisions that are right for your company. This may sound simple but can become a grind over time. A grind that some people can't handle. Owning your own business can be an extremely taxing endeavor, but at the same time it can be fulfilling and exciting. Not everyone is cut out for it...no most everyone is cut out for it. Starting a business take a special type of person who is dedicated, willing to take a chance, and able to be the one everyone looks to for answers. Before you invest your time, energy and money into starting your own business. You had better make sure you know what your getting into.
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AuthorSarah Lopes is a small business women from Dallas Texas. Archives
April 2018
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