Tuesday 5 January 2016

Are You Doing a Job or Running a Business? What's the Difference? And Does it Matter?



Starting a business is about more than doing a job and earning money. If you're going to be staying in the same area of work, the nature of the job won't fundamentally change just because you're working for yourself. An accountant still has the same role and responsibilities regardless of whether they are an employee or self-employed.

Why start your own business?


It's easy to look at successful business people and see the finished product - the perks and the benefits - but that's not the whole picture. How did they get there?

It is possible to make a decent living as a one-man-band, but rather than having a business as such, you are the business. The moment you take a holiday or you can't work for any reason, the business will not survive.

How many one-man-band multi-millionaires or billionaires are there?


I can hazard a guess that it's a big fat zero! The multi-million or billion pound (or dollar) business may have started as the idea of one person, but they ALL needed a team to make it work. They all needed some help to get there. Even businesses that are more modest in comparison all have staff, business partners or contractors.

Shared Responsibility - Shared Burden


Starting off on your own is fine - it may even be necessary or the only option at first - but if you want to scale, you must have a plan! Otherwise you will end up with your head down, doing a job, losing sight of the bigger picture. And instead of disliking your boss or the company (as you may have done when you were employed), you could end up disliking your customers. They will become the reason that you have to work all hours with no breaks.

Going back to being employed will start to look very attractive if you don't have a plan for your business!


Why do YOU want to start your own business?


As we've mentioned before, it can be easy to see the upsides to business when you're constantly bombarded with success stories, but what's wrong with where you are now?

What limitations are you trying to overcome? And how do you propose to overcome those limitations by going into business? Notice I said 'how do YOU propose to overcome those limitations?' Going into business will not solve your problems by magic. You must do that by design.

What is your plan?


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