10 ways that every entrepreneur is different

10 ways that every entrepreneur is different

10 ways that every entrepreneur is different

10 ways that every entrepreneur is different

Not everyone wants to make a million-many simply want to spend time doing what they love.

It’s rarely black or white, but here are some that will help you think where you sit between them.

10 ways that every entrepreneur is different

1. Rich or poor? – if your household income doubled, what would you do differently?

For some people, sudden wealth erodes personal values and brings misery.

How much more would make you happy?

2. Indoors or outdoors? – do you like fresh air? If so, pay someone else to

do the office work and spend your time out and about doing something

you enjoy.

3. Home or away? – travelling to far flung destinations is an enjoyable part of business life for some people.

Others prefer to sleep in their own bed every night.

Do you want to travel, or can you find the business you need close to home?

4. Head or hands? – thinking suits some people, craftsmanship others. You

must choose how your time will be spent. As a craft business grows, its

founder often leaves the workshop for the office but this need not be the

case. You make the rules.

5. Night or day?-are you a lark or an owl?

Few newsagents or bakers dislike early mornings and you won’t find an early bird running a night club.

Match your enterprise to your body’s natural rhythms.

6. Alone or in a crowd? – gregarious people like to work with people, others are more reclusive. Which are you?

7. Fast or slow? – some business people thrive on short deadlines, surprise orders and multitasking (for example, distribution). Others prefer a more sedate style of work where time to reflect and think is valued (for example, law).

8. Dirty or clean? – like little boys and puddles, some entrepreneurs love cleaning blocked drains or rendering abattoir waste. Others prefer to import and distribute scented candles and incense sticks from mystical places.

9. Healthy or harmful? – selling cigarettes, guns or booze gives some people a problem. If you’re not comfy making money through encouraging people

10 ways that every entrepreneur is different

To damage their health, or that of others, leave nasty products to others.

Only do what you feel comfortable with 10.

Fat or thin? – believe it or not, some businesses strike most of their deals. over large lunches and dinners.

If you’re a closet gourmet you will relish

the opportunity to munch your way to success.

If you’re a weightwatcher, this will be less attractive.

10 ways that every entrepreneur is different

One of the major problems encountered by a growing business is that the founder gets to spend less time doing enjoyable things and more time in the office.

This usually kicks in when you need to employ more than five people to handle the workload.

The trouble is that it’s almost always easier and cheaper to hire someone to do what you used to do than to find someone capable of managing the paperwork.

Crossing this barrier is often too great a problem and many owner-managers (often subconsciously) keep their business small enough to enable them to do the things they enjoy.

Business advisers sometimes scathingly refer to these as lifestyle businesses.

There’s nothing wrong with running a lifestyle business – it’s your life after all.

If, however, you do want to grow there are ways in which you can structure your business so that you do not lose touch with the coalface.

10 ways that every entrepreneur is different

ROB has had a varied and interesting career but a few years ago decided that he gained the most satisfaction from mending roofs.

With his children having left home and the mortgage just about paid off, he didn’t need a huge income to lead the sort of life he and his wife envisaged.

They also wanted to be able to take weeks off at a time to travel and explore all the places they’d read about over the years.

To have this degree of freedom, Rob knew that he would need his business to be either very small or large enough to afford a manager who could lead the team when he was away.

The deciding factor was that his children both had good jobs and he didn’t feel a need to build up an inheritance for their old age.

Now, with Rick, his young assistant, Rob mends roofs for people living within an easy drive of his home.

He regularly turns work away, choosing to do just enough to fund the lifestyle he has chosen to lead.

Rob is one of the happiest entrepreneurs you could ever meet.

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