Nov 19 2008
Small Business: Will you want to work there day after day?
Anyone starting a small business is taking chances and is risking assets. I don’t understand how you would not get a knot in your stomach when thinking about it. There is no guarantee that what you plan is going to work out.
Having a lot of money does not mean that you will be a successful business owner. Not having a lot of money does not mean that you will be a failure. Time invested can be as important as money in some small businesses.
Before deciding on a small business decide what you will enjoy doing over the long haul. At some point in time everything becomes a job. If you think that you will no longer have a boss – forget it. Every customer is a boss.
Sell yourself first and let others learn to trust you. If you make a promise to a customer keep it. If you find that you are not able to keep your promise let the customer know as soon as you know.
Keep good records. You need to have an accurate way to measure your progress. You will be glad that you have these accurate records at tax time as well.
If you are not willing to work harder, longer and smarter than you have ever worked before then a small business is not for you. If you are willing to work hard, risk your money and your assets then you are a good candidate to be an entrepreneur.
The biggest failure in not trying in the first place.
