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.