BLOG_2019_07_18_Top 10 Myths About Owning Your Own Business

TOP 10 Myths About Owning Your Own Business

18 JULY 2019

Owning a business can be great, as long as you go in with your eyes open.

Here are some common misconceptions:

MYTH #1 I’ll be my own boss.

  • Your customers become your boss, and can hire and fire you like any corporate superior. That’s why customer service is so critical from the very first customer.

MYTH #2 I’ll have more free time.

  • You’ll likely work more hours until your business is ready to thrive without you.  But once that happens, you can delegate and create your own schedule.

MYTH #3 It’s just me…

  • I don’t need a business plan. Every business needs one. Without it, you’ll just drift like a leaf in the wind.  If you don’t know where you are going, you’ll never get there!

MYTH #4 I can do it all myself.

  • This is the quickest route to burnout and business implosion. Build a team and hire a coach – get help.  No great business was built by one person all alone.

MYTH #5 If I do good work, I’ll be successful.

  • True only if people know about it! Marketing will determine whether your business sinks or swims.

MYTH #6 I’ll make more money.

  • This is not a given. You may gross more, but you’ve also got to cover more expenses and often put in a lot more time, particularly in the beginning before you hire a team.

MYTH #7 I’ll have more control over things.

  • Perhaps. But between client needs and economic trends, you may not have as much control as you thought.  Have a “Plan B”.

MYTH #8 Bigger is always better.

  • An efficient micro-business may be all you need to have the lifestyle you want.  Know what you want by starting your business.

MYTH #9 I should work doing what I love.

  • Yes, love your work. But just because you love making jewelry doesn’t mean that this is the right business for you. This is critical – it’s important to love what you do AND it makes business sense!

MYTH #10 It’s too hard.

  • Owning a business takes dedication, persistence and lots of work. But with the right support and planning, it can be greatly rewarding.  Financial Freedom anyone?

Still interested in starting your own business or taking your start-up to the next level? 

I’d love to chat to help you determine your next move.

Go to to choose the date and time that works best for you!


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