Wednesday, July 18, 2007

Single And Running A Business
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah


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Many young people are leaving college with the intention of running their own business, and many times they don't have a clear understanding of what they’ll be undertaking. For singles running a business, especially a brick and mortar business, the decision should be made after a great deal of thought. After all, when you start your own business, you will have to put in many long hours while you are building your business for profitability.

The single person, especially one who’s very young, does not necessarily understand the kind of commitment and sacrifice required to take such a large step to be free from working for someone else. Building a business is not a 9-5, Monday through Friday endeavor, and if you love to socialize that life style will become somewhat limited. Of course, different types of business ventures have different requirements, but no matter what kind of business you operate, it will be important for you to always be available in case of an emergency, and this tends to restrict your leisure time. Even if you have a small retail business with employees to take care of the customers, you still have to be there to oversee things and keep it running smoothly.

Operating a business, especially a home business, is appealing to single mothers who view having their own business as a way to set their own hours around family responsibilities or as a way to save on day care expenses. Unfortunately, this is a misconception, unless you’re going to be working an Internet business, and your children are school age and will be home only a few hours during the day. You must be willing to make a commitment to your business, and that means operating it the way you would if you were working for an employer.

As your business grows, whether it’s a brick and mortar one or a home business, and you have enough management staff with the expertise to handle things on their own, you’ll have more free time. It's important to remember, however, that this process may take several years to accomplish. So if you have an active social lifestyle, you need to keep in mind that you’ll have to make a temporary sacrifice for the sake of your business and your long-term goals.

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