THE MOVERS

September 23rd, 2011

Do You Really Have What it Takes to Run a 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.




 
 

 

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
227

 
 

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
289

 
 

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
131

 

 

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
75

 
 

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
72

 



373 Comments


 
 

  1. Cutting taxes and infrastructure, and schools. Not designing a place for families to live, designing a place for companies to thrive. As wrong-headed as the board of Apple firing Steve Jobs, when he was the one who understood the mission and culture of Apple.


  2. The information which you people are given are really good, These look really great.


  3. Very good article, good thoughts. Thank you for the post!!


  4. This is really very nice blog and so informative. Thanks a lot for sharing this article.


  5. Nice Tips………….We offer shoddy, quality cover steam cleaning administrations to our clients. Our group offers years of experience to give a proficient and exhaustive clean. We are provided with the most exceptional gear to guarantee we will take care of business right the first run through unfailingly.


  6. Thanks for posting, this is really amazing.


  7. Some of these information are really amazing. Thank you for giving me good information.


  8. I would like to thank you for all the information you give. information your is useful to me.


  9. Nice Tips..Roof Repairs is a group of repair contractual workers comprised of specialists and industry experts who are here to give reliable, moderate, and quality administrations to shield your home from the risks that can be caused by rooftop harm.


  10. Nice..Tips…….Air Conditioning offers an interesting way to deal with each organization and can be there inside the hours of grumbling to its contracted customers if necessary, frequently same day where conceivable. We don’t sit around idly and get your cooling framework running when is conceivable.


  11. Nice tips….Heating Installation Moorabbin offers an enthralling approach to manage every connection and can be there inside the hours of contradicting to its contracted clients if principal, a huge piece of the time same day where possible.


  12. Our Heating Repair Glen Huntly administrations are performed via prepared and authorized specialists and completed with full customer conference. We comprehend the bother of having a separated Heater.


  13. We have years of industry experience and we’ll ensure that you are happy with our work. For that reason our talented cleaners will scour your home all around! We utilize choice cleaning hardware and cleansers to bring you consequences of most noteworthy expert principles.


  14. Nice tips….End of Lease Cleaning offers a revamp game plan which solidifies a strict adherence to cleaning motivation. We can oblige for a Full Hour accreditation and re-clean to no end, if your proprietor has an issue with the condition of the property after our organization.


  15. Nice tips….Our dependable administrations and excellent staff have helped some of Capalaba most respectable group chambers, protection offices and neighborhood schools with their tree mind needs—and our outcomes represent themselves.


  16. Decent tips.. Extremely inventive.. Your post demonstrates all your exertion and extraordinary experience towards your work Your Information is Great if aced extremely well, I like the way that you add Social Signal to it Thanks a ton for Sharing.


  17. Thanks for posting! I really like what you’ve acquired here; You should keep it up forever! Best of luck


  18. Nice Tips….We offer modest, quality cover steam cleaning administrations to our clients. Our group offers years of experience to give a productive and careful clean.


  19. Pleasant Tips..Thanks for Sharing….We keep up hands on approach at work and in the workplace, keeping our business pragmatic, which recommends we can help you with your tree clearing and pruning in an invaluable and fit way.


  20. In any business, you need to give your 100% to make it successful.


  21. Nice Post….I used to be checking ceaselessly this weblog and I’m awed, exceptionally supportive data, I used to be searching for this specific information for quite a while.


  22. Nice Post, and good Information 22s


  23. 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.


 
 



Leave a Reply

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

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