Why You Want To Be In Business?

When I first meet with you as a client I ask a lot of questions to help me understand where you are in the business process and how much you know about your business. Usually there’s something that is creating a challenge for you and asking you these questions helps me find a starting point for our work together. For the next few blog posts I will be writing about some of these questions in more depth.

The first question I ask is why you want to be in business.  Have you been lured by the many financial magazines that show entrepreneurs making lots of money and living rich lifestyles while conveniently glossing over the harsh realities of owning a business? Or maybe you are just looking for a little extra income from your hobby. Or maybe you’ve finally decided to make the leap and do what you’ve always wanted to do.

In all of these cases there’s usually a need for a reality check. Many people go into business without grounding themselves in the realities of what’s involved in running a business. When I bought a bookstore I knew most of what I was getting into since I’d started other businesses. But coming from a corporate position where there were staff to do everything, I was not ready for the many details involved.  All of a sudden I had to make sure there was toilet paper in the bathroom, employees were paid, the store was clean etc. I knew all this theoretically but it was overwhelming in reality.

Whatever your reason for starting a business it is important to go into it with your eyes wide open to the organizational, financial and day-to-day realities. Contact me at 206-384-8769 or at henry@henrybcoaching.com to explore the realities of your business idea.  If you would like a complete list of the questions I use go to my website and join my mailing list.

Posted in Blog.

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