‘I want to start my own business. What worries me is the stress. Does starting your own firm really take over your life?’
I have run my own business for 30 years, following 15 years in industry.
I still find it enjoyable on approximately 19 out of every 20 days. Indeed, it would not have been possible to continue had this not been the case, but there is pressure at times.
I felt some very significant positives right from the beginning… the freedom, the opportunity, the sense of achievement with each “mini” success and, most of all, being my own master (and being liberated from some bad or irritating bosses).
Of course, there is a downside. Depending on the type of practice you create, there may be deadlines, work to be done under pressure, disorganised clients (replacing the bad bosses), feeling that you don’t have control of the workload and that it doesn’t add up to a nine-to-five day and a five-day week.
Maybe the worst negative pressure, the stress, comes from fear of failure and wondering where the work is coming from, especially in the early days.
I guess you will not really know if you can take it, and, more importantly, how you can respond, until it happens. It is much more difficult to plan, to organise and to rationalise life without the regular monthly fat salary payment.
A minority of people find that just too difficult. In my experience, the family often acts as an echo unit that feeds back things to you and amplifies them, and this can either act as the indispensable support you need or the signal that it doesn’t work for you all.
You must be honest with yourself and insightful about how you really want to spend your days and then you need a plan.
Then you need to get organised and get the systems and routines in place to make the job easy, so that you can play to your strengths and feel in control, and so enjoy the whole thing along with the undoubted potential rewards.
My advice to you would be: Start your own business as it’s highly likely to improve your life, as opposed to taking over your life.
When starting out in business, I won’t deny there is a lot to be done: delivering the product or service, making sales, keeping clients happy and raising profile.
But, far from stressful, it’s adrenaline-inducing. How many self-employed business owners do you know who have to take time off for stress? I don’t know of any because it’s the adrenaline of starting and growing a business that keeps them active and healthy.
Can you imagine the buzz of securing a new client or getting profiled in the press or TV? These are business highs that keep you motivated to deliver more/better/faster.
One of the greatest benefits of being your own boss is the freedom and flexibility that comes with self-employment. You get to choose when, where and how to work, and what you’re going to wear while doing so.
This feeling of being in control is liberating, and rather than taking over your life, your business becomes a natural (and profitable) part of your life.
Imagine starting a business from home, carrying out the work you want to do for the clients you like, with no stressful daily commute, office politics or over-priced boxed sandwich lunches. Bliss? Welcome to the world of self-employment.
There are some practical measures you can take to ensure business doesn’t take over, such as working from a dedicated space should you choose to start the business from home, so there’s a clear separation between what’s work and what’s not, but don’t be afraid to blend the two.
I hope this has convinced you to dispel all fears of stress and make a start on your business today.
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