Risking it all to start a business and other habits of an entreprenuer....
By robin@stonehouse on November 30, 2010
Stricking out on your own and starting a business can be risky business. Leaving behind the umbrella of security that comes with having a separate entity write your paycheck is scary! So what is the driving force behind making such a move? Why jump from the known to the unknown, jumping ship as you clinch a small life vest? To complicate the move, the statistics aren't on your side. Statistics show that 8 ouf of 10 start-up businesses don't make it past year #3. So, the question remains...why start your own business?
I'm close to severing my ties with my current job and stepping into the world of true entrepreneurship. This is a liberating experience that is certainly without its share of doubt and worry. Making the decision to open a coffee shop was easy. The process to make that decision reality was something else all together. Many hours of research and developing a sound marketing and business plan were a starting point. After that, securing funding for needed construction, property development, equipment and other start-up costs come into play.
This process begain in 2006, and we are now entering our third year of business. I woudn't say we've hit the big time just yet. We still have loans to pay, a morgage and employees to manage. But it does get easier each year. The first year read something like a snippett from the "Good, Bad and the Ugly", but we've now transitioned to a milder version of chaos.
The main reason for starting this business was simple. I hated my job. I complained on a daily basis. I had the drive to open my own business. That's the bottom line. Being able to work hard, think smart and follow-through on what you plan to do is essential. Trusting yourself, sticking to a plan and taking one step after the next is part of it. If you are a dreamer and have great intentions, that's good. If you can write a plan and start executing that plan, then your ready to start. Follow my blog as I take you and myself through the journey that got me here and onto the next step of business ownership. The joys do outway the discomforts...and I make my own schedule:-) But you'll never know until you start.
StoneHouse Coffee Co, LLC
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