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The Hardest Part of Owning a Business

Posted On
March 18
By
SurePayroll
Not every business owner comes from a background of entrepreneurship or a family business. Many are first time owners who had to learn the hard way how to change their mindset from employee in someone else’s business, to owning their own operation.

This is no easy transition and it doesn’t come with an instruction manual. What are the lessons first-time business owners can share with others?

Let’s look at a series of blog postings on the topic.

Entrepreneur Jim Keenan says the first step is the hardest:

“The hardest part of starting a company is starting. Before you start it’s just an idea. You can walk away from it anytime you want. Once you’ve committed it’s real. You’re in. Walking away means failure. Once your in you’ve got successes, milestones, and goals to pull you along. It’s the chasm, that crevice, that crease between the idea and the leap that is so hard. It’s like getting into freezing cold pool. Jump in and go from there or walk away, standing on the edge just gets boring. Starting a company is hard, but it’s not as hard as STARTING the company.”

Businesswomen trying to balance a family and a new career also notice the challenges. Leslie Densford of Florida is juggling a photography business and a family:

“Balancing being a mom, wife, and business owner has been by far the toughest thing for me. I found that I needed to implement “office hours” or, more importantly, “out of office” hours! I also try to be organized when it comes to the business side of things so that the business aspect will run seamlessly and quickly, allowing me the most amount of my “office” time to do what I love best – shoot and edit!”

Another businesswoman, Courtney Keim of New Jersey, struggles with having enough hours in the day:

“I seriously cannot say no to clients and have a habit of overbooking myself. It’s not for the money but that these families vacation one time a year and always tell me how special a session would be to capture. I am very upfront and let them know my turn-around time if I squeeze them in.  I’m super honest but I can never say no.”

The stories are endless. One common thread is that striking out on your own is a life changing experience and in the vast majority of cases, a positive change.

Sources:

http://www.clickinmoms.com/blog/ask-a-cmpro-what-is-the-hardest-part-about-owning-your-own-business/

http://asalesguy.com/2010/07/16/the-hardest-part-of-starting-a-company/

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