Want to Become Your Own Boss: It’s Harder Than You Think

April 26, 2017 at 10:32 AM Leave a comment

Do you sit at your desk wondering why you are working for someone else when you could be working for yourself? Do you daydream about opening up a restaurant or creating your own company? Before you walk away from your cubicle and jump into the hot spot of owning your own business you need to ask yourself a few basic questions.

First, what do you want to achieve? Your initial reaction to this question may be “earning a lot of money,” but the truth is you need a greater motivation than greenbacks to fuel your success. Owning your own company isn’t easy. In fact, it’s a whole lot easier to work for someone else. When you work for someone else you are only responsible for your assigned tasks. When you work for yourself you are in charge of each and every aspect of your business. You will need to hire new staff, train employees, file company taxes, acquire medical insurance, write invoices and do each and every other company chore you can imagine.

Let’s say you work as a software engineer. Every day you drive to work and write code. Now let’s imagine you want to start your own software company. That sounds like fun, right? You get to write code all day alongside talented engineers. The trouble is when you own your own company you don’t get to spend your entire day writing software. Instead you find yourself completing a whole lot of tasks that have nothing to do with that.

In fact, you may find most of your time is spent solving problems related to human resources, infrastructure, accounting and logistics. If you enjoy solving these types of problems then you are ready to work for yourself. If you prefer to sit in front of your computer writing code from 9-to-5 then you might want to stick with your day job.

Are you excited to take on more responsibility? Are you ready to manage each and every aspect of your small business? If you answered yes to both of these questions, then you are ready for the next one: What excites you? What makes you jump out of bed with a smile each morning? You need a lot of energy and enthusiasm to help your company grow. Think hard about what will motivate you to power through the tough times.

You’ll need to feel passionate about your business. It is that passion that will drive you forward. With it you will excite employees who want to join your efforts and find new customers whose needs you can fulfill. Try to envision your company on the very first day you sign incorporation papers as well as five, ten, twenty or even thirty years down the road. Many companies start and fail. To be in business for the long haul you need the energy and motivation to get you there.

So you took some time to reflect on those first two questions. You have a solid goal in mind and the enthusiasm to accomplish it. Now you need to get down to the nitty-gritty of building your business. Many new business owners hire career coaches to guide them, but most entrepreneurs don’t want to waste money on advice they may not need. So, where can a budding entrepreneur find solid, time-tested advice? Where can a new business owner obtain free guidance to becoming his or her own boss?

Thankfully, the Internet has spawned some great websites to help people on their way. You can find business resource information on sites like startups.co.uk or read free advice for entrepreneurs from experienced business consultants like Trevor McClintock. Whether you are just starting out or looking for long-term guidance his blog offers advice in every phase of a business. To view more business-related posts on my own site click here.

There are plenty of reasons why people dream of leaving their current work environment to become their own boss. The perks are great and there is certainly more freedom and flexibility in the job. The road ahead may be a hard one, so take the time to find solid business advice and create a successful and rewarding company of your own.

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