Small Business Boomers

Why do you want to run your own small business?

by jim on March 11th, 2008

This is a multiple answer question.  I’ve always thought it was a 2 answer question, but I’m open to the idea that there can be more. 

One of the primary answers better not be because I need the money.   Money does not come quick or easy running your own business.  Over night success takes 3 to 5 years of 60 hour weeks.  Another isn’t I’m doing it for my kids, spouse, whoever, but someone other than myself.  Believe me one answer isn’t because I want to see more of my family.  That is a whole different set of issues with which business has nothing to do.

The primary answer about why you want to run your own small business better be because I love doing whatever it is your going to do.  If you don’t fall asleep and wake-up thinking about this business in an excited to be alive way, you have a problem.  You should have a difficult time falling to sleep and wake up early because you are so enthused about this business.

Another answer is you better like dealing with people.  You will spend the vast majority of your time as a small business owner teaching, selling, being involved on almost every level with people, most of whom you never met until you got into this small business.

Another thing you better enjoy is dealing with money.  Like it or not money is the grease that makes the gears go ’round.  No money, no business.  Well, that’s three.  Guess I broke my own rule.

Do you have any other answers to that question?   

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POSTED IN: Business Plan, Businesses for Boomers