I’m the Boss!

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A common misconception in society seems to be that being your own boss means doing what you want. When I say no to coffee dates during the day, kick out friends who drop in, or respond to questions about what we’re doing over the school holidays with “I’m working”, many people say “But you’re the boss!”

I think this misconception is also the reason many start up sole operators only last a couple of years in business.

I may be the boss and it’s true that this gives me the freedom to effectively do what I want, but as a sole operator I’m also the one doing the work. If I don’t work, the work doesn’t get done and I don’t get paid.

Sure I can whip to Toowoomba for the day for appointments but I have to make up that day’s lost work – usually on the weekend. I can take my daughter to the movies during the holidays – but I have to put in those ‘lost’ hours of work after hours.

Small business makes up 96% of Australian business – and 60% of these are non-employing businesses, so you can successfully run a sole operator business. But to succeed you have to move beyond that first rush of excitement about the freedom that comes with being your own boss and realise that success comes down to you, the support of your friends and family, and an ability to manage your time and set some boundaries both with your clients and your friends and family.

Being a solopreneur requires some basic traits: an ability to self-motivate, manage your time effectively, and be focused. Not everyone is cut out for solopreneurship – but when you can get it right it’s incredibly rewarding.

© Lyn Prowse-Bishop, http://www.execstress.com/

7 comments

  1. Debra says:

    How true this is Lyn. Another great post! Many ask me how I work and the traits you mentioned in the last paragraph are exactly what I tell them – self motivate, time manage, commitment and focus.

  2. Spot on Lyn! Your the boss only if you have a business to be the boss of!
    It’s hard work, often for little money, but it’s about doing it because you want to do it, feeling pride in your successes and being able to prioritise those movie sessions with your daughter and being able to make up that time later – and actually making up that time later!!
    Great post!

  3. Annette says:

    Totally agree. Whether you work from home or an office, you should have a regular schedule of hours for work and stick to them. If there is spare time, use it to research ways to improve your business and grow your clientele.

  4. Leanne Imbro says:

    I absolutely loved reading ‘your the boss’ Lyn. You have taken the words right out of my mouth! I feel like I am constantly explaining the above to family and friends. Being a solopreneur is fantastic and I would not change my business for anything, however, it comes with a big commitment and a lot of hard work!

  5. You probably do as I do Lyn, schedule everything so that you do have the time to keep abreast of change and research ways to build your business. Probably 20% of my time is spent learning new and upgraded software.

  6. Paula says:

    Great blog Lyn. I very much believe it takes a very self-motivated, committed person to run their own business and work from home – and it’s not suitable for every one!

  7. You did an excellent job in debunking the myth that solopreneur is for everyone. Solopreneur is hard-work, fun and rewarding, but most people are not willing to put in the effort to get result.

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