Why wait to start your own business? Why continue to work for someone else? It takes a lot of hard work and a lot of long hours but you can only achieve financial freedom by working for yourself. How many kids grow up to inherit their parents' jobs?? It does not happen. If you truly want to leave a legacy for your family you need to do it with your own business.
Every day the news is full of stories about big businesses down sizing and laying off workers. Yet the government keeps reporting new jobs being created. How is this that the big companies are getting smaller but the employed people numbers are going up? Simply put, people are finally cutting the corporate umbilical cord and starting their own business.
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So you are now ready to make a change in your career path. You want to secure your family's future and create a legacy for your children to carry on. The first question is what type of business. You may have heard that if you do what you like you will not have a job but a career. That is more true now then ever. So you have decided on what you want to do – the first step is to validate the need for the business. And the absolutely LAST place you want to do is discuss the business plan with family and close friends. Yes, you want to go over the situation with family and friends but before that you should talk to uninvolved people including your future competitors. (Do not tell them you are going to start a competing business but many small business owners will gladly discuss what they like or dislike about their business. And, this happened to me, I was looking in to a type of business and found out that one I interviewed was looking to sell for a great price.)
Through out this blog, I will be discussing how to start and manage your own business.
No one ever got rich working for someone else. It is scary to cut yourself from the dependability of a corporate job, but also consider the number of your friends that have been downsized right out of a job. What happened then? Begging for unemployment and settling for a job at half the pay. You can only secure your future by putting yourself into your future by starting your own company.
