A man of substance needed his prized stallion groomed. He
hired a man who lived around horse stables all his life.
This man groomed the horse daily for hours. Problem was he
stole a bit of the horse's hay everyday and sold it.
One day, feeling hungry, wasted and looking unhealthy the
horse had taken enough. He neighed loudly to the grooming
thief, "hey look, groom me less and feed me more everyday."
In this story, the horse is only asking for balance. You
must seek a healthy balance when tackling the ups and downs
associated with owning you own business. Self employment
definitely brings self fulfillment and personal
satisfaction. But headaches are also bound up in that
package. Below are a few quick self employment positives.
1. Financial independence.
2. No bosses. (Always a great positive)
3. No wage limits.
4. The freedom to be innovative.
This article contains three practical strategies for
maintaining this needed balance if success is to be
realized.
Moonlighting (Crucial)
Everyone knows what moonlighting is, but just in case I'm
wrong, moonlighting is simply taking on a second job. It's
usually a night job hence the term moonlighting. Economic
pressure is what forces most people to moonlight. When
starting your own business, initially it may not be
possible to pay yourself a wage. But turning yourself into
a workaholic to secure that elusive wage will hamper your
health in the long run. When you are in a position to
resign from your regular job, do so with dignity and
appreciation for your former employer. Never burn bridges!
Patience Needed (Crucial)
Initially you may be required to make difficult sacrifices
to gain momentum. Be patient. Things will come together
with time. Rome wasn't built in a day. You may even
experience abysmal returns. Returns that bring much
discouragement; but hold on, be patient. You may have to
go into the barn and dig into the hay you have stored away.
Don't be afraid to use your savings. It won't always be
doom and gloom. Setbacks are setups for a comeback. Repeat
that to yourself over and over. Maintain a mindset of
success and you will succeed.
The Canaries In The Coalmine (Major)
Believe me when I tell you, you need your wife! She's like
the canary in the coalmine; the first to spot the signs of
danger. Pay attention to her when she tells you that you
need to strike a balance between work and home. Owning
your own business doesn't give you the right to immerse
yourself into your business to the detriment of your
family. Quite the contrary; your family should still come
first. Maintain your passion for your business while at the
same time satisfying the needs of your family.
Entrepreneurs of today must employ up to date management
techniques in order to position their business for success.
They must be prudent when breaking away from former
employers, remain patient in the face of difficult
challenges and be able to strike a reasonable balance
between work and home life.
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