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.