The Top 10 Things That May Surprise You When You
Become an Entrepreneur
By Susan Dunn
If you've always worked for someone else, you may harbor
fantasies of what it would be like to "be your own boss."
While working for yourself has major advantages; if you choose
this route you may find some surprises.
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1. MYTH: I won't have to work as hard.
REALITY: You'll probably work harder. I typically work 70 hours
a week. But it feels different when you're in charge and you're
the one reaping the benefits, i.e., it's one thing to stay up till
2 am so your boss can take a 2-week cruise, but quite another to
stay up till 2 am so YOU can, right?
2. MYTH: I'll be the boss.
REALITY: In the most important ways, you are. However, every
client is your "boss". What I like is that clients judge results
and I enjoy autonomy of method. I found bosses would rarely
say "raise my income 10%" and then check in with me. They
micro-managed, which I found confusing and limiting. It slowed
me down and made me less productive. Clients want results.
They don't care if you did it by phone or by fax. They don't care
when you go to lunch, what you have on, when you start your
day or how long it takes you to do something. See what I mean?
3. MYTH: Now I can get paid what I'm worth.
REALITY: You can only charge what the market will bear. However,
you can reach the upper limits and push the limits. No one's going
to pay more than, say $150 for a housecleaning; however, there are
people getting $75 for the same job. Then, of course, entrepreneur
that you are, you always have the option of hiring others to work for
you and enjoying the passive income. There's a limit to how much I
can charge as a coach, and how many client-hours I have in a week,
but as my business builds, I'm hiring other coaches.
4. MYTH: I won't have to deal with people I don't like.
REALITY: Yes, you will. However, as your own boss, you can fire
clients who aren't worth the fee, and you can choose your own vendors
and network, and if you don't like your boss - YOU -- you can change
that!
5. MYTH: Now I can do only what I want and like to do.
REALITY: It never really works out that way. I'm back doing some
things I don't enjoy as much because I'm good at them and they're
lucrative, and I need the steady income coming in. Somehow it's
more palatable because someone else isn't telling me I must.
It's a pragmatic decision on my own part. Also, every entrepreneur
must do marketing. If you can't stand to do it yourself, hire a
marketing coach. You MUST market.
6. MYTH: I can't work any harder. I can't do all this.
REALITY: Yes you can -- work smarter, not harder. Beware this
fear of success that will limit you. There will be different
thresholds as you build your business. At each point, get more
help. It's always available. Part of building your business is
delegating as soon as you possibly can. It's called "investing in
your business." The second you can afford a Virtual Assistant, get
one. I have two. One lives in my hometown and delivers brochures,
makes contacts, goes to trade shows, shops for me, etc. I have
another who's virtual only. She manages my distance learning
school and does other Internet tasks. There will be more!
7. MYTH: I'll be free!
REALITY: No, but you'll be free-ER. Your clients will dictate a
lot of your schedule, and the tasks that must be done, but in general
you will be much freer working for yourself. Many times when I'm
working late at night I've thought, "If someone else were making me
work these kinds of hours I'd be mad." When it's you, it's
different. When you reap the immediate rewards, it's different.
7. MYTH: I'll run things right. No more madness and
disorganization.
REALITY: One of the best personal growth things about working for
yourself is you see what's you and what isn't. You also learn that
nobody's perfect, yourself included. All the things you blamed a
boss or co-worker or manager for, you may find coming back to haunt
you, which is part of the learning curve. Your lack of organization
your manager complained about is still around, only now it's YOUR
problem to live with or fix. You no longer have the luxury of
avoiding the issue by saying your manager is unreasonable. You
bear the consequences now. It makes an "issue" a pragmatic
problem to deal with.
8. MYTH: If I'm good, I'll be a success immediately.
REALITY: Most people who actually go into business for themselves
say it takes 3 years, and what they don't tell you is 3 years of
working very hard. There are very few "instant successes" out
there. Make the commitment and stick with it. And again, you
have to market. You may be good, but people have to know about
you.
9. MYTH: I won't be able to motivate myself all alone.
REALITY: If you DO find this problem, get a coach and/or take The
EQ Course (www.susandunn.cc/courses.htm) and get this taken care of.
You won't succeed at anything if you're dependent upon other people
and things to motivate you. The reality is that most of us who can
do what we love to do the way we love to, find that motivation is
never a problem.
10. MYTH: It will be the answer to all my prayers.
REALITY: In the bowling game of life, we face the same ten pins
over and over. However, the tradeoffs are much better. I now
hassle with headsets that don't work, but I don't have to wear
pantyhose. I no longer have to commute, but when I have a
computer problem I have to call and pay. Overall, I'm much more
satisfied. I recommend it!
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(c)Susan Dunn helps clients market their products and professional
services on the Internet. Visit her on the web at www.susandunn.cc and mailto: sdunn@susandunn.cc.
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