THE MOVERS

September 23rd, 2011

Do You Really Have What it Takes to Run a Business?

business

Few people are suited to be their own bosses. Most people want a regular work routine. Their lives are based on forty-hour work weeks and steady paychecks. When people tell me they want to start their own business, I ask them whether they can really live without regular income.

I tell them to talk to their families and get their honest answers. I ask them whether they could go weeks or months without money coming in and how they would deal with it.

They need to understand they are trading their steady paycheck for an unsteady paycheck.

Many people want their own businesses for the wrong reasons. Like in the Alan Jackson and Jimmy Buffett song, “It’s Five O’clock Somewhere,” people decide they don’t like their jobs and that it would be fun to be self-employed. They don’t realize that self-employment means it is never five o’clock anywhere.

I’ve told many professionals they should not go into business for themselves. They may be good workers with good ideas, but they couldn’t handle the stress of not having a guaranteed income.

Never being off work can be hard on families. A friend of mine tried being an independent financial planner. He worked a lot of hours, and his wife started calling his office in the evenings. She put their children on the phone to tell him how much they missed him.

He went back to a steady paycheck at a big insurance company. He has less independence, but he is still married.

Some people become self-employed because no large organization will hire them. I did not plan to be self-employed, but I could not find a job out of graduate school other than cleaning up at the Kentucky Horse Park in Lexington. After I started my financial business, I realized I needed the independence of being self-employed more than I needed a steady paycheck.

Education and upbringing are important in deciding whether a person can make it as an entrepreneur.

Read the full article here.


About the Author

Socialtik Mag
Socialtik Mag is a progressive platform for young, aspiring professionals to express our views on the issues and ideas in the world around us. It’s the Gen-Y perspective of life in the new decade. In addition to the original content we produce, we post from sites around the internet to keep our peers aware of what’s positive, what’s fresh, and most importantly, what’s progressive.




 
 

 
popquiz1

So You Think You Can Be an Entrepreneur?

There is an enormous difference between wanting to do something and being able to make a living at doing that something. Have you ever watched the American Idol audition shows and witnessed a tone deaf singer’s shocked re...
by Socialtik Mag
164

 
 
alg_apple_ceo_steve-jobs

Steve Jobs’s 7 Rules to Success

Steve Jobs’ impact on your life cannot be overestimated. His innovations have likely touched nearly every aspect — computers, movies, music and mobile. For entrepreneurs, Jobs’ greatest legacy is the set of pr...
by DeAndra Harrison
103

 
 
fundamentals-of-pitching-to-investors

Perfect Pitch for an Investor’s Home Run

Angel investors can provide you not only with the money to take your small business to the next level, but also real-world experience, advice and a cache of industry connections. But are you giving investors the information t...
by DeAndra Harrison
85

 

 
pivot-or-persevere

Be Persistent or Revolve? The Keys to a Successful Startup

Every entrepreneur eventually faces an overriding challenge in developing a successful product: deciding when to pivot and when to persevere. A pivot is structured course correction designed to test a new fundamental hypothesis...
by Socialtik Mag
53

 
 
fashion-design-team

So You Think You Can be a Designer?

Sometimes Fashion Designing sounds like a dream job, right? Unfortunately, it can also be one of the hardest professions to get into. However, with hard work, it can be done. There are many types of Fashion Designers. Some work...
by Socialtik Mag
33

 



196 Comments


 
 

  1. Don’t aim for success if you want it; just do what you love and believe in, and it will come naturally.


  2. 번에도 그는 과묵한 편이다. 가늘고 긴 대나무의 줄기든 가벼운 잎사귀든 그 그늘이든 그 볕이든 한 데 묶어 매 순간의 움직임을 차단한다.


  3. Rare opportunity to purchase this Three Storey Townhouse on the edge of Park Central. Benefits from four double bedrooms, allocated parking and close to all the amenities of the City Centre.


  4. Fully refurbished three bedroom double fronted Victorian style detached house situated in Erdington. Having two generous reception rooms, refitted kitchen/diner,


  5. Amazing article. I am so impressed. Could never think of such a thing is possible with it…I think you have a great knowledge especially while dealings with such subjects.


  6. Well… round about every blog posts online don’t have much originality as I found on yours.. Just keep updating much useful information so that reader like me would come back over and over again.


  7. Every business start with some idea and more perfect your idea will be the more business you would earn. Old methods of selling and buying has been erased from our economy because trend has been shifted to online websites where cost cutting helped to minimize product price.


  8. Very Useful information, this is both good reading for, have quite a few good key points and I learn some new stuff from it too.


  9. Really your blog is very interesting…. it contains great and unique information. I enjoyed to visiting your blog.


  10. I harmonize with your conclusions and will thirstily look forward to your approaching updates


  11. I am very enjoyed for this blog. Its an informative topic. It help me very much to solve some problems. Its opportunity is so fantastic and working style so speedy. Thanks


  12. Your writing ability is much enhanced. You may visit our custom thesis review forum to know more about thesis writings. I am sure you will get something noticeable for you.


  13. Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.


  14. Innovation distinguishes between a leader and a follower.


  15. Everyone here has the sense that right now is one of those moments when we are influencing the future.


  16. Well somehow I got to read lots of articles on your blog. It’s amazing how interesting it is for me to visit you very often.


  17. Defeat is not the worst of failures. Not to have tried is the true failure.


  18. Being the richest man in the cemetery doesn’t matter to me. Going to bed at night saying we’ve done something wonderful, that’s what matters to me.


  19. No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new.


  20. Now a days White label is well known web site through this site customers can purchase or sell their product and can advertise their company
    seo white label


  21. Been reading this site for awhile now, always has really good posts and topics please keep it up! loads of blogs are going under lately from lack of new posts etc


  22. There is no definition of beauty, but when you can see someone’s spirit coming through, something unexplainable, that’s beautiful to me.


  23. I don’t be sorry that spent a few of minutes for reading. Write more often, surely’ll come to read amazing new.


  24. The real sin against life is to abuse and destroy beauty, even one’s own even more, one’s own, for that has been put in our care and we are responsible for its well-being.


  25. The love of beauty in its multiple forms is the noblest gift of the human cerebrum.


  26. The connections that you make early in your career will take you far. After 20 years it is still true for me. This has been true regarding companies I worked for and those I worked with. All you have written is excellent advice.


  27. Excellent information on your blog, thank you for taking the time to share with us.


  28. Coming together is a beginning; keeping together is progress; working together is success.


  29. Nice post and right to the point. I am not sure if this is actually the best place to ask but do you folks have any ideea where to hire some professional writers? Thanks in advance 


  30. Taking joy in living is a woman’s best cosmetic.


  31. I’ve enjoyed reading the post. It is very informative and useful post. Thanks


  32. I really like and even highly appreciate your writing is so important to me. I really understand what you have explained above, it will help many people. I know for sure many readers of this article and many are giving appreciation for your writing. I say many thanks for this. if deign please read my article about this and also some of my other work. thank you.


  33. I asked for that her friendly ship with me anyway she denied and a while later she said, €i need to leave because my Mom is calling me and after that we moreover need to go somewhere.€ I said, €i will tail you and will hold up for your positive answer.€ She as of late pummeled the entrance and went inside.


  34. Your work is really the best on this notable topic.


  35. Really your blog is very interesting…. it contains great and unique information. I enjoyed to visiting your blog. It’s just amazing…. Thanks very much


  36. Hello! I just wish to give enormous thumbs up for the nice info you’ve got right here on this post. I am happy when reading your article with updated information! Thanks allot and hope that you will post more site that are related to this site.


  37. For the past 33 years, I have looked in the mirror every morning and asked myself: ‘If today were the last day of my life, would I want to do what I am about to do today?’ And whenever the answer has been ‘No’ for too many days in a row, I know I need to change something.


  38. This is a nice post in an interesting line of content.Thanks for sharing this article, great way of bring this topic to discussion.


  39. The love of beauty in its multiple forms is the noblest gift of the human cerebrum.


  40. The love of beauty in its multiple forms is the noblest gift of the human cerebrum.


  41. You can’t really say what is beautiful about a place, but the image of the place will remain vividly with you.


  42. I am happy to seek out this post terribly helpful on behalf of me, because it contains lot of data. I forever rather to read the excellent quality content and this thing I found in your website. Thanks a lot for sharing.


  43. Hey that was great to read. Thanks for the great post .Loved every part of it.


  44. Belief in oneself is one of the most important bricks in building any successful venture.


 
 



Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Twitter Users
Enter your personal information in the form or sign in with your Twitter account by clicking the button below.


thru 9/26 - Fall Sale. 30% Off select styles. Disc