Discover the pitfalls of owning your own business 2

ONE MORE TIME —

Lots of stuff happened… for 5 great years, I had a wonderful BOSS who was supportive to the utmost. Held an Administrative Executive spot on the management team; super staff personnel; private office; in the days when a awesome cigar was A-OK [those were the days!]

Today, it is outside belief but times do change, sometimes for a cleaner, neater office environment.

Anyway, the spark ignited again… about six months later, it was NOT
called the ‘spark’, but the ‘torch’ or a “call to disaster” – the beginning of a sad downhill slide without a parachute. This time I had a bride and two sons who expected food and protection… an added trial for sure.

We made it, but certainly not on easy street as we had planned earlier.

WHAT’S THE POINT?

NOT having a REALLY excellent reason to start a business should be warning enough – DON’T do it!!

Unfortunately, some of us think owning a business is the only way to hit the BIG time… fast cars, big houses, big income. For us it did turn out OK in the end, but many of our trials could have been let pass simply by being more tolerant and having a mentor team prior to our jumping into deep water to sink or swim.

Statistics?

About 90% of business ‘starts’ end in a catastrophe. Why? Either there is not enough financial support; no or little business knowledge; no skills or talent; and you can add your own list to mine. Does not really matter except when it’s YOUR money; your time; your family; your future; just another statistic.

My pre-retirement business venture lasted twenty-five years and I highly recommend the entrepreneurial lifestyle… however, ONLY if you can realize something that you will take pleasure in and adore doing everyday rather than thinking it is all about making tons of money. The money will come if you are doing what God has assigned for you to do.

In closing, you may like reading a letter recently received from Ken McArthur, an internet friend of mine who discovered an exceptional insight about business owners from Mark Joyner, likely the most successful internet guru of the decade.

To give you some idea about Mark and his expertise… other executives pay him $2,000 an hour to consult with them on how to increase their business.