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.