When speaking with other owner/operators and you’ll quickly discover that there’s no lifestyle as a sole trader. They are struggling. They are suffering. They are knocking on doors to get business, or they are chained to their desks. They haven’t taken a holiday in years. They are worried about every dollar they spend, because they physically worked for every dollar they earned, rather than finding ways to make money work FOR them.
There are many misconceptions when it comes to starting a business. The biggest misconception is that a person can turn their skill or a well-loved hobby into a business. The good news is you certainly CAN turn a passion or skill into a business. If you know how.
Whether you’re a builder, a craftsperson, a writer, a web developer, a barista, an artist, an inventor or a plumber – the list goes on – in order to have a viable, profitable and successful business, it’s imperative to understand business systems.
As a cheese maker, your business is not the cheese – it’s your business systems. As much as I love cheese – who doesn’t?! – your business won’t survive on cheese alone. There are so many more precious ingredients.
If you’re a sole trader:
If you’re a business owner:
So, are you a sole trader or a business owner? Can you see a future in the long term of your business? How is it going to make a sustained profit in the years ahead?
If you are a sole trader, fear not. There are ways you can still build your business!
The reason you need to grow your business is simple.
Sole traders have created a business that they work IN, rather than a business they work ON. Happiness is always on the horizon, but is never truly theirs. It’s no way to live for 50 years of your life and it breaks my heart to see business owners like this, chained to their business with little to show for it.
To get a lifestyle that you aspire to, you need to grow your business.
It’s time to take your business to the next level.