This is one of the questions I got in the recent survey I did of my readers. Here’s a 5 minute video with Sue’s suggestions about when to stay and when to fold.
Main points:
- No magical thinking
- Takes money to make money
- Measure your fear factor
- Ways to save for starting a business.
Want more? You can get Sue’s e-book “How To Know If You’re Ready To Start Your Own Business by clicking here.
Be sure to leave your comment below!
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Great advice, as usual, Sue! I totally agree that business takes a lot of committment. You have to be willing to invest the time, energy, and money to make it a success.
Amen to commitment! Self employment means working harder than ever! Yes you have “flexibility” but that means working at all kinds of odd hours. Good points Sue. I have also found a home office in a completely separate part of your home is good for eliminating distractions.
Sue,
I think you brought up some great points. This idea of job vs. business owner can be tumultuous for many people.
Dr. Robert Fenell
Founder & CEO, Chiropractic Hand & Foot Clinics Of America™
Such sensible, savvy advice Sue – so many people have their eyes wide shut and believe that they can start up a business on the smell of an oily rag – compared to starting a franchise with $300 – $400K starting an internet business for example is relatively low investment. Having said that they MUST still have a budget and a clear idea of how long they can affird to support themselves until the business turns a profit.
Keep em coming!
Great advice, Sue. As someone who started my first business when I was too stupid to know these things, but determined nevertheless, I wholeheartedly agree on the need to invest your resources of time, money and energy into your endeavor. I’m now on the cusp of leaving one business behind for a new one, and I’ve had to take the hard step of letting go of the trapeze I’ve been on for nearly 30 years and trusting that I can grab the new bar and successfully swing forward into a new career. The good news is that I have a LOT of learning that I’m taking with me.
Linda,
It’s a happy thing that what one learns in a first business can be ever so useful in the succeeding businesses, isn’t it? Can’t wait to hear more about your new endeavors.
Sue
Great points Sue!! Building a successful business takes time and commitment for the long haul! What keeps me going is knowing that I don’t ever want to work for someone else again 🙂
You are so right. The internet makes it easy to start a business, bu you can’t do it without some financial backup. Thanks
These are great practical points in business building. It does take roll up your sleeves attitude in building a business. No amount of magical thinking makes it work. And, it does take money to make money for sure. Thanks, Sue!
Love it Sue! When I started my nutrition business I was still working in my old computer job. I slowly but surely reduced my hours in the old job and spent more time on my business and it worked well for me because I had some funds to get started. I can tell you that it was a great feeling when I finally quit my day job!
Trudy
I’m torn as to what to say … It is all part of the journey. I’m at a point where I’m directing my energy on what’s next; what is that next opportunity to move closer to true Freedom. It’s been tough realizing that my own definition of freedom was actually limiting. So … I’m on a path to simplicity – the freedom in letting go. With all that said, I may have to ‘let go’ of my business. More to come …
Excellent points, Sue. Thanks for sharing.
Hi Sue! GREAT Advice! Love the video. I ask myself the same questions nearly every day! Personally, I’m in it for the long haul…
I’m a long-hauler, too, Gail. 🙂