Catalina
Financial News,
November 2008 11 Sound Reasont Why You Should Start Your Own Business
Let’s face it; the
economic outlook in this country is very bleak right now. Many people are
worried about being able to pay their bills and provide for their families
needs. When it comes to the economy, people are nervous. Some people say to me
“I just don’t think now is a good time to start my own business, you know, with
the economy the way it is and all. Don’t fool yourself, now is the perfect time
to start you own business.
There are still many
people who still dream of being their own boss, even in today’s economy. I meet
them from time to time. When they ask me “Why should I start my own business?”
This is what I say:
1. You’ll march to the
beat of your own drummer. There’s
a lot of noise in the corporate world. Not physical noise, but opinions, rules,
history, and a whole lot of, “that’s the way we do it around here,” always just
an inch or two below the surface. In such a setting it’s hard to find your
path, or as I like to say, “hear your own music.”
Once you’re on your
own, you’ll suddenly begin to hear what’s there, and the more you can hear it
and have the courage to follow it, the more enjoyable and yes, profitable your
life will be. The fact is, there is no right way to live, to act or to grow a
business.
2. You’ll never have to
retire. Retiring is a strange
concept to the satisfied, self-employed person. It implies that work is
something you want to be done with, something you wish were over. When you
truly find your passion however, the concept becomes meaningless. Do painters
stop painting? Do musicians stop playing music? Do comedians stop being funny
just because they’ve reached a certain age? Not if they are doing what they
truly want to be doing. Sure, you may slow down or change focus as you get
older, but the game is never over, since the game and your life will be one.
You’ll put your money
where your mouth is. I never planned to
start my own business, and I always secretly believed that I didn’t have the
guts to be successful on my own. When I look back now, I’m not even sure how I
managed to convince myself to leave the perceived safety of living within the
protected walls of a large corporation. When I finally jumped however, the
number of friends, former co-workers and family who remarked on my “courage”
surprised me. Frankly, I’m not any braver now than I was before, but I know
with certainty that I don’t need a corporation to take care of me (and neither
do you).
You’ll no longer live
in two worlds. I used to be two
people: “corporate Michael” and “home life Michael.” Corporate Michael was less
friendly, less intuitive and a lot less interesting. I found it easy to switch
back and forth between the two Michaels, and for a long time it didn’t even
strike me as odd that I would make decisions at work based on a completely
different set of criteria regarding what was fair, what was smart, or what was
worth doing. That’s over—I’m now one person no matter what I do, and I have a
more balanced, more humanistic approach to business.
You’ll know your own
power. Swept up in the
turmoil of working, as part of a corporation, there’s a tendency to blame
others, wait for others; think that others are making things happen. Working
alone you’ll realize how much control you actually have (and have always had).
That realization will give you the courage and drive to do more things than you
ever dreamed of when you saw yourself as an insignificant part of a big
machine. You’ll have nobody else to blame, and even more importantly, you will
see how much credit you really do deserve for everything you’ve created.
You’ll be free to
walk away. When you first start
out on your own, you will probably be grateful for whatever business comes your
way. The thought of “walking away” from a client may seem suicidal. It isn’t.
As your reputation grows, people will approach you, ready to hand you their
money and have you begin work. That’s terrific. However, in some cases, the fit
won’t be there—something in your gut will tell you it’s a bad match. You will
learn that you can say “no thank you” and walk away. Nobody assigns projects or
clients or teammates to you anymore. You and only you decide who you work with
and on what terms, and if it doesn’t feel right you need only say so.
You’ll make new
friends. If you’ve been with
the same company for a long time, you’ve probably developed several close
relationships. You may be afraid that you’ll be lonely and isolated out here in
the “cold cruel world.” Nothing could be further from the truth. Starting your
own business gains you immediate entrance into a collegial world of fellow sole
proprietors and entrepreneurs, eager to have you along for the ride. We hold
meetings, we have events, we meet for lunch, we talk on the phone—we share
ideas, support each other and hang out together. Price of admission: a friendly
demeanor and a willingness to help other people find their way.
You’ll pick the players.
Wherever you sit in a company, you’ve got people you interact
with every day—your boss, your direct reports, the head of the
legal department, the desktop support guy, the receptionist. Hopefully
you like and get along with most of these people, but whether you do or
not, you’re stuck with each other. When you run your own company
on the other hand, you pick who’s on the team. You get to choose
your attorney, your accountant, your landlord, your printer, your
partners, your clients—everybody in your daily life is there
because you decided to put them there. You get to choose.
You’ll have real problems, instead of imaginary ones. In a
corporate setting, your happiness and success are dependent upon dozens
of intertwined relationships and handed-down decisions, any one of
which can change your world in ways you may not anticipate or even
understand. With so much out of your control, it’s hard not to
spend time “What If-ing” and worrying about the future:
“What’s my boss really think of me? What if I don’t
get put in charge of that new project? What if they cut my budget next
year?” Fear of what might happen can become worse than the
situation itself—imaginary problems.
When you’re building your own business you’re immersed in
reality. Sure, you may have days where you worry about paying the
mortgage, but you’ll be in the game, fighting the good fight, and
no longer obsessed with the possibility of being blindsided by an
unforeseen shift in the corporate winds.
You’ll find your purpose. You didn’t come here to follow
somebody else’s vision or sit on the sidelines watching the clock
tick away until retirement. But somehow, somewhere along the way, you
forgot. Now, after so many years of following the pack, you’ve
come to see work as a place you go to earn enough money to do the
things you really want to do. It doesn’t have to be that way.
Working on your own will give you the freedom and focus to find the
exhilarating, balanced, self-directed career you’ve always
dreamed of. Once you find what it is you really want to do, you find
that you gain much satisfaction from being the captain of your own ship.
You can now get the funding or venture capital you need completely risk
free. You’ve heard it said before, “It takes money to make
money.” Truer words have never been spoken. So I am going to tell
you of a sure fire way to get the business funding you need, completely
risk free.
I am going to connect you with a company that is listed with the U.S.
Securities and Exchange Commission (SEC), and an amazing fundraising
opportunity that will help you raise the money you need for your
business, and you will never have to pay this money back. I don’t
see why any small business would deal with loans and investors that
they have to pay back, when such an amazing funding source is
available. Click here to learn more.
Yes now is the best time to think about starting your own business. If
you do decide to do so, don’t quit your present job until you are
sure you will be able to make it on your own. Too many people make this
mistake. Use some common snese and a good business plan, and you will
be well on you way to success.