Small Business, Big Problems
If
you are a small business owner, you probably spend a lot of
time worrying. Its perfectly understandable, too. If
youre the Big Boss, you find yourself in the position
of trying to be all things to all people, and thats
a lot to be concerned about. Everyone wants an answer from
youemployees, vendors, clients, contractors, customers,
and your family.
High
employee turnover and the difficulty of finding reliable workers
is one of the major problems reported by small business owners.
Even when you use pre-hiring drug tests and background checks,
there always seem to be problem employees, malcontents who
like to make the company out to be greedy and
unfair, and of course youre the main villain in the
scenario.
Meanwhile,
although you may be painted as the bad guy or gal, youre
actually worrying about how much of a raise you can afford
to give employees while you continue to obey all the workplace
regulations of the Occupational Safety and Health Administration
and other government bureaucracies, make sure you arent
discriminating against anyone who might sue you, and try to
work out the biggest bugaboo of allhealth insurance.
Then
there are workers compensation, unemployment compensation,
and liability insuranceto say nothing of payroll tax
reports, W-2s, 1099s, performance reports, and all the other
forms associated with employing and paying people. Even though
you delegate a lot of these responsibilities to others, youre
the one who makes the final call and takes the big fall if
someone doesnt do their job.
Of course,
you need to leave some time to think about the economic aspects
of your business. Are you targeting the right market with
the correct strategies? Are you keeping up with changing market
conditions? Are your prices in line? Too high? Too low? How
can you compete with the big-box stores? Youve got to
read reports that track your sales, measure your profit margins,
detail your inventory, explain your net profit, and list your
expenses. What about those cash flow problems? Are you going
to be able to make the payroll and pay yourself this week?
Has that loan been approved?
If
youve got a business with trucks on the road or other
equipment, youve got maintenance, safety, and insurance
headaches to deal with. Office equipment is another source
of frustration. Sure, its great that everything is done
by computer these daysbut what a mess it is when the
person inputting the data messes up or forgets to backup important
files. And speaking of computers, has your web site been updated
lately? How about your virus protection?
The list
of troubles to be faced daily goes on and on. Vendors want
to be paid. Dissatisfied customers want refunds. Contractors
dont meet deadlines. The computer crashes.
As we
said, small business owners have a lot of worries. Spreading
themselves too thin inevitably leads to stress, and in return
stress can lead to depression, anxiety, heart problems, and
difficulties in personal relationships. Spouses and children
may complain, Youre married to the business,
or Youre never home, and when you are youre
so distracted they cant get through to you anyway because
your mind is still at the office. Vacations? Forget
it. The small business owner is always on call
even if a short vacation can be managed.
The truth
is, a lot of small business owners wished they had never gone
into business at all. But what would they do if they sold
out? After all, theyre business people. They love the
idea of being part of the business world, associating with
other business owners, and simply being part of the amazing
free enterprise system. But being your own boss is supposed
to be a dream-come-true, not a daily round of hassles.
Is
it Time to Re-evaluate?
If
youre a frustrated small business owner and you feel
trapped by many of these problems, you may be looking for
a new enterprise that will not be so taxinga way to
create a stable income that still leaves you time for the
very people youve been working so hard for: yourself
and your family. Youve already proven that you can succeedand
if only it werent for all those annoyances bogging you
down, you can only imagine how much more successful youd
be.
There
is an alternative to a bricks-and-mortar business that robs
your energy and enthusiasm. According to a September, 2006,
report by the U.S. Census Bureau, about 49% of small businesses
today are home-based, and the number is expected to continue
rising. Why is a home-based business so appealing to so many?
To begin with, most of the aggravations associated with storefront
businesses just arent there. Feelings of freedom and
peace reign in a comfortable home office environment. There
is time to spend with family.
As a
home-based entrepreneur, you will still be part of a viable
business community of like-minded individuals who will be
happy to network with you and who wont expect you to
be their caretaker. This frees you up to devote your time
to accumulating wealth for yourself and your family, the people
who matter most to you.
It costs
nothing to investigate this burgeoning business concept. Simply
fill in the web form to receive free, no-obligation information
on how a home-based business can give you a whole new outlook
on your business life.