Greetings everyone, and welcome once again to my All Star Entrepreneur Team!
I hope that you all had a wonderful 4th of July holiday weekend. A little down time with family and friends, and enjoyed a nice relaxing weekend.
But, guess what!? It’s time to get back to it and on top of your game!
I wanted to share with you some tidbits about being a small business entrepreneur, that might just come in handy for you, or someone you know.
As most of you know, I’ve had the great privilege to be both, a “brick and mortar” business entrepreneur (for over 25 years now!), and now, an entrepreneur in the world of internet marketing, and writing and publishing books, and being a professional speaker. Both pathway have their “pros and cons”, but truthfully, I’m enjoying the latter much more because (1) I can work from the comforts of my own home office, (2) I can avoid the terrible traffic and commute, on the roads and freeways, (3) I can utilize my “creative juices” much more than in a typical business, and not having to answer/please a bunch of co-workers, (4) and, probably best of all, I’m my own boss and don’t have to deal with personnel issues from having to work side by side with a team of people, (5) oh, and probably most important, is that I work as many or as few hours as I’d like to. When all of my friends are hustling and bustling in their “9 to 5’s”, I’ve got time for me, the family, friends, and hanging at the coffee shop from time to time. Yay!
I’m sharing with you some basic, common sense, straight ahead advice to think about, but not only think about, but to implement where you can. I write about these things in my book, “Standing Above the Crowd: Executing Your Game Plan to be the Best You Can Be”. www.StandingAboveTheCrowd.com
If you interested in picking up your own personally signed autograph copy, just click on my website, order your own copy and it’ll be on its way!
Anyway, here is the information that I wanted to share with you! Start your post 4th of July holiday with a bang!!! And dive into the rest of 2016 with a vengeance!
Till now you have read some of the characteristics of entrepreneurship. “Practice makes perfect” is the motto about everything in life and especially if you are a business owner. Bookish knowledge can help you a lot to avoid mistakes but nothing beats the practical hands on experience of seeing what works for you.
You have the right passion, the right business format and all the skills. But before making the leap of faith make sure you are ready in some other aspects as well.
From starting the business to make it run smoothly requires a lot of dedication and sacrifice. Which means young or old, personal life will take some hits. Family and friends must be supportive as they must know what it takes to start a business and its effect on your family life. Lot of you may choose to have a job in the initial days of starting a business; this means all your spare time has to go for running the business.
Entrepreneurship will take its toll on your health. Being lean and mean is great for business but that often means spending longer hours doing yourself what you would pay other people to do. Thus for surviving those 14+ hour work days, seven days a week you must be at the top of your physical and mental condition. Proper nutrition and a regular exercise regime will take care of your health. It’s hard to enjoy the success lying down in the hospital bed.
Know your strong points in business and hire others to do the other jobs. Many owners think that they must be good at doing everything. This is surely not the case. Though at times knowing every aspect of the business is advantageous. Just in case anyone falls sick. From an entrepreneurial point of view having a team where you are the weakest link is not bad.
Along with knowing your strong points you also must know your comfort zones.
Are you comfortable being the boss and having employees who are older than you?
Dealing with the multiple personalities your employees possess?
Handle money and take financial decisions? Getting into debt first for starting the business before seeing profits?
Spare some years before you see enough profit to provide you a steady paycheck with?
All these are just a few things you should keep in mind and keep a back up plan or two ready just in case you run into them down the road.
If, and when you’re ready to join me and my great team of All Star Entrepreneurs, take a look at this link click here to access and sign up. You’ll receive a great 21 step program and excellent coaching every step of the way. And yes, I’ll be here with you as well!
To your good fortunes!
Former NBA All Star and Small Business Entrepreneur