Archive for August, 2010

Why Do You Want to Start Your Own Company?

Sunday, August 29th, 2010

busy-womanThat’s the classic question to an entrepreneur and one that has many answers.  Let’s look at some of them:

1.  Because you want to have control over your life.

2.  Because you want to have a flexible schedule.

3.  Because you want to spend more time with your family.

4.  Because you want to earn more.

5.  Because you want to make a difference in the world through your services or products.

Starting your own company is a great opportunity to write your own script for your life.  You get to decide everything.  You get to build your vision for what the company will be like.  You will feel the excitement of closing a deal and reaping the benefits.  That’s the good news.  On some days, you will also find that all of it is also the bad news.  You will run the risk of feeling so consumed by your company that before you know it it’s midnight and you haven’t had dinner yet.  Heck, maybe you forgot all about lunch as well!

On the other hand, there are very few entrepreneurs who say that they would love to go back and work for someone else.  Once you have gone through the ‘secret passage’ that leads you to owning your own business, there is seldom a desire to go back to the ‘punching-the-clock-for-someone-else’ routine.

If you are going to let a business consume so much of your life, make sure the idea is coming straight from your passions.  If you think of your business and an overwhelming feeling of urgency takes hold of you, if you cannot stop daydreaming about it, if you see the results unfolding in your head and affecting the lives of many, if you don’t care what others think of it, then you are on to something.  But if your business idea doesn’t make your heart sing, don’t bother.

One of the best ways to figure out how to do anything is to talk with someone who’s already doing it.  Ask questions, voice your concerns and consider the information coming from the successful entrepreneur you are talking to.   You will find that most successful entrepreneurs will be more than happy to share their experiences with you.  Maybe you will follow their advice, maybe you will blaze your own trail.  In either case, you will be writing your own story and that’s a powerful way to live.

To your success!