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.