During my time as a political candidate, one thing really stuck out at me and that was the entrepreneurship of local small business owners.
I had the opportunity to speak to a number of different industries and sizes of companies during my campaigning. The passion and determination was incredible and fueled by what I experienced coupled with my husbands vision to own his own construction business, it was sealed - husband and wife team setting out to going it alone!
With his technical expertise and my background in sales and marketing, we figured to stand a pretty good chance of success. We knew little about the finer details of running our own business. The accounting side was a new challenge that I had to master and it is today that I wonder why we went about it in such a painful and long winded way!
I was determined to learn a Sage Accounting System to ensure our financial wealth was well managed and carefully controlled. It took hours upon days if not weeks and many very late nights to educate myself in the art of accounting. Something that easily takes years to perfect and should be left to the experts!
Hindsight is a wonderful thing however when you are very close to your own business model, sometimes you just can’t see the obvious solution to more efficient and profitable processes.
The dream of being your own boss, running the business the way you think it is best and getting the opportunity to do things your way, come with an inevitable trade-off:
No-one holding you accountable to the objectives that you set
Full responsibility for every aspect of running a business, even the tasks you may not enjoy or are no good at
Working with a partner who holds equal shares, trying to agree on the most simplest of things
Managing your cash flow to survive as a business and as an individual with bills to pay
Getting out and drumming up opportunities
As you well know my fellow entrepreneurs - the list is endless!
To be continued.......
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