Starting A Business- Is It Right For You?
Business: Starting Point
I first had the desire for starting a business while in college. My ambitions of a career in medicine were short lived as I dug into what those careers actually entailed. At the same time I also realized I didn’t want to work for anyone else. Making my own way in life will allow me to reap the rewards from my successful business. Rather than lining the pockets of someone else, my hard work is benefiting my own family.
The realization that as a business owner I determine if I see success or failure. If I make good deals I experience the benefits of those dealings. If my business were to fail I would also immediately feel the repercussions. I feel that if the risk/reward ratio is in my favor I can comfortably pour my time and resources into a project.
Currently I run a profitable home maintenance company and I have very much enjoyed the challenges that running a business has presented. I feel that my time spent on a project is well worth it because I benefit from the success in a way that I had never previously experienced. If I don’t feel that a project is right for me I can choose to decline it. I have been much happier when I wake up to go to work since I started my first business.
My primary motivations for starting my first business were mostly for my family. First of all, I wanted to run my own business so I could set my own hours and black out the days that I was going to stay home and be the primary caregiver to my son Elikai. Up until he was born I was going to school full-time while Kristina worked. I had previously worked while she went through nursing school. Then while Kristina was on maternity leave with Elikai I was struggling with the prospect of returning to school and having to find someone to care for him if Kristina was working. Cue the lightbulb moment to start my own business and make my own hours.
I had also been talking about starting a business for years but insecurities had held me back. With the pressure of an ever growing family looming over me I finally decided to take the leap. I felt that my best bet was something related to construction since I had the experience. After perusing the internet brainstorming ideas for businesses that could be started with very little cost I settled on handyman services. Thanks to the inspiring blog of Dan Perry at the Handyman Startup I was able to start my business with a great guide. This has proven to be an excellent business for me.
Right from the beginning I was making a profit. In my first year I built the name of my company, and poured much of my profits back into the tools and equipment I needed along the way. In my second year business has been booming and my family has seen much more of the income. I feel optimistic for what the future holds. I am extremely confident that I can be successful as a self employed man.
Call to Action:
Currently I am setting up my second business. This blog is one aspect of that business as well as a woodworking business and a family farm. Follow along as I discuss how these business are doing and any lessons I learn along the way.
If you are on the fence about starting a business, find what motivates you and let that guide you. Take those first steps and build momentum towards your goal of becoming self employed. Sometimes we need to jump into the deep end, but please before you do that learn everything you can about the business you are pursuing. If you want to be successful you will need to plan carefully and work hard to reach your goals. Then with a little luck you may see your idea blossom into the job of your dreams.