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!
SHARE THIS ARTICLE
Tiffany deSilva says
July 25, 2012 at 10:56 amGreat 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.
Mary Ellen Miller says
June 28, 2012 at 9:02 pmAmen 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.
Dr. Robert Fenell says
June 25, 2012 at 1:51 pmSue,
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™
Heidi Alexandra Pollard says
June 24, 2012 at 9:01 pmSuch 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!
Linda Pucci says
June 24, 2012 at 7:34 amGreat 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.
Sue Painter says
June 24, 2012 at 7:43 amLinda,
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
Melanie says
June 22, 2012 at 3:16 pmGreat 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 🙂
Kathy McHenry says
June 22, 2012 at 12:36 pmYou are so right. The internet makes it easy to start a business, bu you can’t do it without some financial backup. Thanks
Lisa Birnesser says
June 22, 2012 at 10:33 amThese 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!
Trudy Scott, Food Mood Expert and Nutritionist says
June 22, 2012 at 9:30 amLove 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
Jeff Brunson says
June 21, 2012 at 10:03 amI’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 …
Brandi Kae says
June 21, 2012 at 8:20 amExcellent points, Sue. Thanks for sharing.
Gail Saseen says
June 20, 2012 at 6:06 amHi Sue! GREAT Advice! Love the video. I ask myself the same questions nearly every day! Personally, I’m in it for the long haul…
Sue Painter says
June 20, 2012 at 8:44 amI’m a long-hauler, too, Gail. 🙂