Business and corporate life stole my time
At 59 years old I have had 25 years plus in the small business environment, I have been successful in building from a start up and also buying a going concern and developing the business to succesful profitable levels. These tips are based on my own journey between the age of 40-50. My aim in choosing this subject will hopefully help any small business to succeed and miss the pit falls of failure.
How I lost time in business
I wanted my own business in the traditional world we know, to create financial freedom and I thought more time . This also relates to a corporate career as well, in this economical climate we are all working harder and longer for less income in real terms.
Downfalls of running a business or on the corporate ladder :
- No time with my kids as they were growing up
- I didn't realise 12 hr days would be the norm
- I had a 40 minute commute
- I thought I would get quality of life and a lifestyle
- I didn't have enough time to enjoy my hobbies
- I couldn't travel as much as I wanted
- Not enough to retirement on
- I was on a hamster wheel
- I was stressed and no patience
When I bought my last business I assumed once it started to be successful I would be able to put a team together and have some time off work to spend quality time with my family when I needed it. However the reality was that as the business grew, I did manage to put a team together, the whole thing became a hungry machine. I had to watch cash flow, manage the key members of my team, keep my eye on stock levels etc etc. I ended up working more hours than ever before and when I managed a short break , it was terrible, I couldn't relax until I got back to the office and started working.
Cash flow always on my mind at home and work !
I now have found that all the above is possible by building an on line business, I am much happier, relaxed and I work when I want to from home or anywhere I happen to be in the country. This means no more commuting in the winter, when it's snowing outside I don't have to go outside and no more worrying if staff have arrived at work. I can also build my business in my spare time and it carries on working for me while I am doing other things in life.
I wanted to start a new business via the internet I knew the internet industry is growing faster than traditional markets. However my capitol was limited as I had no income stream.
I avoided " the so called " get rich quick schemes" and " the scammers " I found an academy that teaches me the various options of an on line business. I was not " techie" I could E mail, copy and paste that's about all I could do at that time.
If YOU are prepared to devote a few HOURS a week to LEARNING as I am now doing PLEASE CLICK link below for YOUR FREE VIDEO SERIES to understand what options are available for you to develop a BUSINESS in your spare time or full time if you wish.
Blogging is my new passion, I have fun coupled with happiness and fulfilment.
I want to thank you for reading my blog, would you please share like and comment.
Did you enjoy the reading?
Click here to get notified every time Stephen Bones posts new articles...
Leave a Comment