Thursday, September 19, 2013
On the Business path: An introduction-4
I am not going to mince words when I say that owning a business is one of the toughest jobs you can ever have. All other professions may be hard but they sometimes shut down for relaxation but for a business owner for the first few years, you are constantly thinking about how to grow your business and even when you go to sleep that is the only thing you are thinking about. Everything else becomes secondary. That is why the statistics are true that only five percent of the business survive after their first year because the people who start their business cannot have imagined or do not have the patience to go after their passion of running their business. I have read about many former business owners who are back to working for somebody else because their businesses went down due to a number of reasons (which I will elaborate along the way in my future posts). So if you are willing to endure long sleepless nights, sacrifice your relaxation time and be oblivious to your other duties, then you are ready to jump into the wonderful and hardworking world of entrepreneurship. But wait everybody has duties and responsibilities which they cannot shy away from or ignore it all together and for this you will have to a work-life balance and I will try my best to bring you to this situation. But first we need to know if you want to go full time in your business venture or be on the cautious side and be a part time entrepreneur before you feel confident mentally and financially to devote yourself to it wholeheartedly.