BOSS YOURSELF AROUND
We’ve all sat at our desks on a Friday afternoon at 4:55 p.m. staring at the clock on the wall wondering if the batteries were dead. The feeling that time and your life are owned by the company listed on your paycheck stub are one of the factors listed by entrepreneurs as to why they ventured out alone into the world of business.
By definition, an entrepreneur is someone who organizes, manages, and assumes the risks of a business. Notice that the definition doesn’t say anything about being male or female, what kind of company you can start, or provide any other limitation. The old saying “The sky is the limit!” holds true here more than anywhere else.
Whatever the reasoning for becoming an entrepreneur — being your own boss or an invention has been brewing in your head — you’ve got many things to consider first. Here are a few points to ask before submitting your two-week notice:
- Is your new venture something you are already familiar with and can do well without a large amount of outside assistance?
- Can your idea or product be manufactured at a cost that will cover your overhead plus return a healthy profit?
- Do you have access to or can you raise sufficient funds to not only get the business started but to cover operating expenses until it becomes a profitable venture?
Well, if you feel that you can run your own business, prepare to wear many hats at first and ensure there is some room for trial and error. Being your own boss definitely has its benefits, but before you put your nameplate on that top floor office with a view, you’ll need to roll up your sleeves and make sacrifices you never dreamed of before.
