What You Love And What You Hate About Owning A Business
Don’t lie—you have a love-hate relationship with your business. In fact, most entrepreneurs say that they hate just as many (if not more) things about owning a business as they love about that same thing. Luckily, in most cases of success, the weight of the hate is rarely heavier than the weight of the love. Here are some of the most common things people love and hate about owning their own businesses.
What You Love
- Flexibility – When you have staff that you trust, it’s not unreasonable for you to leave the business to its own devices for a few days, even at short notice. This isn’t something you can do at most other jobs, that require you to find someone to “cover” for you or require you to ask for time off weeks in advance.
- Self-governance – You might have no problem with authority, but anyone who has been through the corporate ringer knows that there are just as many power hungry bad bosses as there are great bosses, and that the terror a horrible boss can cause is far weightier than the good a great boss can do. When you own your own business, you are your own boss.
- Being able to help others – Whether it’s giving someone a job who really needs it or simply being able to provide people with products or services that make their lives better, more fun, fuller, etc. many business owners love the feeling of satisfaction and service that comes along with owning a business.
What You Hate
- Guiding uncooperative staff – Even if you’re fine with confrontation, trying to get someone who obviously doesn’t care about you or your business or thinks that they know the best way to do things, even if they really don’t can be extremely frustrating and time-consuming.
- Finances – Finances are a big, confusing concept that rarely make complete sense to someone who isn’t a trained CPA. This can be a stressful part of any business owner’s life.
- Marketing and business growth – Wouldn’t it be better if everyone who wanted or needed your products or services just magically found your business and you didn’t have to pay to get your advertisements in front of them or pay to figure out how to get them to click through to your business?
While there’s no doubt that running a business is stressful, it’s also extremely rewarding, and those rewards outweigh the stress. Even if you feel the stress of a business including an unsupportive staff, financial difficulties, or business growth issues, make sure to stick with it. It will pay off in the end and you will be glad that you did.