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Myths About Starting Your Own Small Business
Before you jump into small business entrepreneurship, consider
first the following myths which we will debunk.
1. Starting a Small Business is Easier Work
This isn't true. You'll probably work harder. A small business
needs more work to survive. However, the potential to earn is
more. The difference is, at work you would balk at overtime.
With your small business, you may actually enjoy working
overtime because you are caring for your own business.
2. MYTH: I'll be the boss. You may be the boss of your company.
But you will still have to please someone else: the client. So
in truth, they are the boss. Make sure you keep them happy and
well served.
3. MYTH: I Can Now Ratchet Up My Asking Price
We often think that we work too much and are paid too little.
When starting a small business we may be tempted to think that
we can now push for a price more befitting our skills. However,
we should remember that we have competition who might be
offering their services for a pretty low amount. We always have
to be competitive and practical. And exorbitant pricing may not
help our small business any much.
4. MYTH: I Don't Have to Deal with People I Don't Like Anymore!
Unfortunately, no. You might find that the clients you now have
may be pushier than your boss. And as we said in number 1, your
clients are your boss. The goal here is for you to have more and
more clients. So from here does it follow that the more the
clients, the more the bosses, the more the headaches?
5. MYTH: I Own My Time!
Yes, you do own your time. Unfortunately you will find yourself
using more and more of this time to tend to your business. So
ultimately, no, you won't gain much in the time department.
6. MYTH: I can't work any harder. I can't do all this.
Do you know that they most managers give more jobs to
busy
employees because they seem to know how to balance and allocate
their time? The key to working more is to work smarter, not
harder.
This will take a lot of organization, but being able to
accomplish much in less time will prove to be its own reward.
7. MYTH: Freedom at Last!
Free from what? And free to do what. Yes, you will have more
leeway to do things when you want to. But this does not mean
that you will be free to do nothing. Or be free to do something
else than tend to your business when you have to.
8. MYTH: I'm in Charge. There'll be No Mismanagement from Me.
You may think that your boss was foolish not to listen to your
suggestions regarding work. But unless you are on the hot seat,
you will not appreciate how hard management really is.
9. MYTH: If I'm good, I'll be a success immediately. The
unfortunate reality of life is that sometimes, talent and hard
work are not rewarded. However, if one is patient with his or
her small business, the chance that that business will turn out
to be a success increases. So always be practical in your
expectations of success. Don't count your chicks when the eggs
haven't hatched yet.
10. MYTH: I Can Motivate Myself
No man is an island, remember? In any business, your first line
of security is your friends and family members. They will help
you assess yourself and should be ready with a kind word or two
to motivate you to start your own business. But aside from them
you should be driven yourself. Without this drive you might not
find the fortitude needed to weather the trials that beset
starting businesses.
About the author:
Daegan Smith is the leader of the fastest growing team of
successful home business enterpernuers on the net. Find out how
we're creating financial freedom all across the globe and how to
get in on the action FREE =>http://www.comlev.com
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