When Should You Keep Your Day Job?
It feels a little weird for me to be writing about keeping your day job on a blog about small business and entrepreneurship. But I do think there are some scenarios where you can build a business that you own without putting all your chips in the middle so to speak. I care about business owners structuring their business in a way that works for them and the question of when should you keep your day job is important. Everyone has heard or seen the romanticized version of the entrepreneur, the rugged individualist who overcomes all of the odds to build a successful business and becomes a millionaire. He/she
Book Review: The E-Myth Revisited- Michael Gerber
The E-Myth is an important read for inspiring entrepreneurs if for no other reason than to keep you on track with doing what’s important for your business. Specifically making sure that you are always working on your business. The overall message of this book is for small business owners to have systems and processes in place for their business. The main model that Michael Gerber uses is the franchise model that ensures that companies like McDonald’s can operate anywhere in the country and still provide the same level of service to their respective communities. As business owners, the last thing we seem to want to do is work on our
What’s Most Important?
How much thought do you put into your day? This question is for anyone; moms, entrepreneurs, employees etc. In order to make sure that you are achieving rather than just being active, it’s important to make sure that you are spending time on those core activities that will lead you to ultimate success. If you are an entrepreneur, the best use of your time is selling. Making sure that you have customers trumps all other activities. Having customers ensures that you business is actually a business and not a high level, expensive hobby. Everything else that you do falls second. Your selling activities can include marketing strategies as well just
High Risk=High Returns?
For all the talk about the high amount of risk that is involved with starting and running your own business. There are several key benefits that arise from starting a business. A few of these benefits are as follows; freedom, money, hard work paying off, being more of who you are and who you can be, to name a few. Let’s look at 3 in particular that are particularly relevant in today’s market. They are hard work being rewarded, money and freedom. Imagine busting your tail for a company for years, sacrificing family time, increased stress, innovation of new products and ideas for that company that you aren’t directly paid
Why being in business for yourself wins
We have talked a lot over the past few days about whether you should be in business for yourself or should you own your own business. For most I will say that the best way to go is going to be in running your own business. The ability to create and maximize your potential is just too great. Why am I such a fan? Everyone on this planet no doubt has God-given gifts and talents that when given the proper space and attention to flourish will be more successful than every would be working within someone else’s vision. Your ability to create value for others is the #1 reason why
