The Struggles and Rewards of Being A Small Business Owner
ICON Conference is an incredible opportunity for small business owners to convene together to show our strength and use powerful sources to get stronger. There are definitely huge pros and cons to being a business owner / entrepreneur. From the Abingdon experience, here are a few:
- Flexibility: Ahhhh yes. You can make plans whenever you want to make the plans. You can start your work day early in the morning, mid-afternoon… just whenever! You can meet your friends for brunch. Not pre-work coffee or lunch break lunch. Nope, brunch. Your calendar is your oyster.
- Freedom: You can work in your pajamas if you want to. No one is going to tell you thats’s terribly inappropriate. You can work from your home office if you want to. You’re not caged down to the traditional rules of the nine to five grind. Which, is the huge appeal for most entrepreneurs and we cannot blame them. It’s nice to feel like you’re not tied down to anyone else’s set of rules.
- Challenging Growth: You have to have a stomach for growing pains and personal challenges. And, if that’s your M.O. this is perfect. You are faced daily with opportunities to become a better person and a better business woman.
- Key Decision Maker: There isn’t consulting amongst boards of people, massive teams, or share holders that hold your fate in their hands. You get to be the key decision maker on everything so you know that the fate of your business is totally in your hands.
- Salary Regularity: Especially in the beginning this can be a struggle. At a traditional job you know when you’re getting paid and how much on a frequent and regular basis. As a entrepreneur / small business owner this isn’t the case at all. You don’t know what sales figures are going to look like. It could be a great month or a month that leaves you in the red. Whatever the case may be, there is a stronger fluctuation in being a business owner than being a businesses employee.
- TONS of Responsibility: You don’t have a hive of worker bees to do all the little things for you. It’s on you to jump into the weeds and get it all done (or if you have a small team) get most of it done. You have to be willing to get your hands dirty!
- Competition: Unless you’re in a niche market… and even sometimes in that case, there are tons of other guys on the block that are bigger and have more man power than you. They may even be enterprise level businesses.
- Your Commitments Are Your Boss: Because you’re the owner it’s all up to you to show up to all of the important events, meetings, and the like. They are your bread and butter for getting the word out. Therefore, they can’t be missed. Which means you might miss some “Girls Night Out” kind of nights. But who cares, your business is worth it.