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Myths About Starting Your Own Small Business

Before you jump into small business entrepreneurship, consider

first the following myths which we will debunk.

1. Starting a Small Business is Easier Work

This isn't true. You'll probably work harder. A small business

needs more work to survive. However, the potential to earn is

more. The difference is, at work you would balk at overtime.

With your small business, you may actually enjoy working

overtime because you are caring for your own business.

2. MYTH: I'll be the boss. You may be the boss of your company.

But you will still have to please someone else: the client. So

in truth, they are the boss. Make sure you keep them happy and

well served.

3. MYTH: I Can Now Ratchet Up My Asking Price

We often think that we work too much and are paid too little.

When starting a small business we may be tempted to think that

we can now push for a price more befitting our skills. However,

we should remember that we have competition who might be

offering their services for a pretty low amount. We always have

to be competitive and practical. And exorbitant pricing may not

help our small business any much.

4. MYTH: I Don't Have to Deal with People I Don't Like Anymore!

Unfortunately, no. You might find that the clients you now have

may be pushier than your boss. And as we said in number 1, your

clients are your boss. The goal here is for you to have more and

more clients. So from here does it follow that the more the

clients, the more the bosses, the more the headaches?

5. MYTH: I Own My Time!

Yes, you do own your time. Unfortunately you will find yourself

using more and more of this time to tend to your business. So

ultimately, no, you won't gain much in the time department.

6. MYTH: I can't work any harder. I can't do all this.

Do you know that they most managers give more jobs to busy

employees because they seem to know how to balance and allocate

their time? The key to working more is to work smarter, not

harder.

This will take a lot of organization, but being able to

accomplish much in less time will prove to be its own reward.

7. MYTH: Freedom at Last!

Free from what? And free to do what. Yes, you will have more

leeway to do things when you want to. But this does not mean

that you will be free to do nothing. Or be free to do something

else than tend to your business when you have to.

8. MYTH: I'm in Charge. There'll be No Mismanagement from Me.

You may think that your boss was foolish not to listen to your

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suggestions regarding work. But unless you are on the hot seat,

you will not appreciate how hard management really is.

9. MYTH: If I'm good, I'll be a success immediately. The

unfortunate reality of life is that sometimes, talent and hard

work are not rewarded. However, if one is patient with his or

her small business, the chance that that business will turn out

to be a success increases. So always be practical in your

expectations of success. Don't count your chicks when the eggs

haven't hatched yet.

10. MYTH: I Can Motivate Myself

No man is an island, remember? In any business, your first line

of security is your friends and family members. They will help

you assess yourself and should be ready with a kind word or two

to motivate you to start your own business. But aside from them

you should be driven yourself. Without this drive you might not

find the fortitude needed to weather the trials that beset

starting businesses.

About the author:

Daegan Smith is the leader of the fastest growing team of

successful home business enterpernuers on the net. Find out how

we're creating financial freedom all across the globe and how to

get in on the action FREE =>http://www.comlev.com