Friday, May 16, 2014

I’m the Boss! Are You Ready To Become Your Own Boss?



Entrepreneurship is not for everyone.  If it were we wouldn’t have people working for us.  It takes a lot of commitment, time and dedication to run your own business.  “As the going says you won’t know until you try it!”
Becoming an entrepreneur has many advantages and disadvantages.  For myself, being an entrepreneur for almost 10 year it has been a challenge, but I wouldn’t give it up.

I would like to invite you into my world of entrepreneurial for those who are thinking of leaving your nine to five job and stepping into the shoes of becoming your own boss.



FLEXIBILITY

The main thing I enjoy is the flexibility, when my children we younger and in school I didn’t have to ask or answer to anyone as to why I needed to take time off from work.  I can schedule meeting throughout my day either business or personal.  I can work all day and part of the night or I can a half a day and relax for the rest of the day.

With that said, there are times when you need to meet client project deadlines and there’s no time to be flexible with your time.


UNLIMITED INCOME

Another saying “you get back what you put in”. Being an entrepreneur you have the ability to make as much money as you want. There’s no salary caps; there’s no requesting for a raise. You make the decision on how much income you would like to make, create a plan and execute it.  Many entrepreneurs start off with high hopes of making millions, and it’s not impossible, but they fail to realize that it takes a lot of work and planning; and sometime many years (unless you have the funds) to reach that level.




COMMITMENT

An engagement or obligation that restricts freedom of action. In a nutshell! As an entrepreneur, in order for you to become successful in your business, you will need to make some sacrifices. Whether it’s time with your friends or family; eating meals at exactly the same time every day; ending your work day the same time every day. And the list can go on and on…. Think about it, are you willing to make those sacrifices to reach your business goals?
Commitment is the definition of success. As an entrepreneur we have a commitment is to achieve, accomplish our goals.

Not to mention the commitment to the people who work for us, and our customers, because without them we would not be in business.  

So if you’re not ready to commit to your business, then entrepreneurship is not the role for you and you should stick with the nine to five jobs.



CONSISTENCY

I won’t lie to you, becoming an entrepreneur is not going to be an easy breeze, and one of the most important aspect of running a business is to be consistent.  Consistency is a very powerful engagement to your business down the road to success.  

They say that consistency is the difference between failure and success. 

There are lots of responsibilities in the role of entrepreneurship and when things don’t go your way, you have no one to blame but yourself and you have to be ready to accept that and continue towards your journey of success.
With that said, are you truly ready to become your own boss?

Do you have a business idea or just started your business and want to know if you moving on the right track?  Visit our website at http://www.bmfms.com to take our FREE Small Business Assessment.
http://www.bmfms.com/small-business-assessment

Theresa Todman, Managing Partner/CEO of B&M Financial Management Services, LLC.  Theresa specializes in financial management and small business management consulting.  

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