So You want to Own a Business
A recent survey showed that as many as two-thirds of workers are dissatisfied with their jobs. Every day, more and more people are trying to think of some other way to earn a living. They are either actively seeking different employment, or at least thinking about it.
The number of people who would like to own their own business is increasing every day. Workers want more control over their lives, and are tired of being slaves to someone else’s clock.
But most of these men and women don’t have a clue about what they can do to replace their income. Yes, they would like to be their own bosses, but they don’t know where to start; don’t have any idea about how to run a business; or don’t really know what they’re interested in.
Totally replacing one’s income can seem overwhelming, especially if you don’t have any knowledge about the process, or what to do once you get started.
Even worse than being dissatisfied with a job is the prospect of being a victim of downsizing, or going to work one morning, finding the doors
locked, and the business shut down completely. The possibility of being a victim of poor management in an unstable economy is looming over the heads of many workers today.
While being in business for oneself is not always easy, it certainly does have its advantages. The owner gets to decide how big to build the business, and the freedom of choosing the direction they want to take that business. As the old saying goes, the sky is the limit, and options are endless.
If you’d prefer to keep it small, and be a sole proprietor, that’s completely under your control. But if you want a large business with lots of employees, you can aim for that, and work to make it happen. That’s one of the advantages of being in business for yourself. You make the decisions.
Whether large or small, owning your own business can, and probably will, come with its own set of challenges. This is part of the journey to becoming a successful business owner, and the Shoestring Business CoachTM can help you with those challenges.
Undercapitalization is the primary reason businesses fail. In fact, it is estimated that 9 out of 10 new businesses will fail in their first two years, because the owners underestimated how much money they would need to operate.
Too often, enthusiastic new business owners go out of business getting ready to do business, only to find they didn’t plan for the economic ups and downs of being new business owners. Don’t let that happen to you.
Not only can a business be built, but it can be profitable in probably less time than you think, using the knowledge, skills and resources you already have at your disposal.
Other Facts You May Find Interesting:
8-10 million businesses in the U.S. are operated from the home
Nearly 400,000 new businesses are started each year
In 2005 19.8 million businesses had only the owner as an employee
