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.