Being Your Own Boss … the good, the bad and the ugly of owning your own business

July 23, 2013

Being your own boss is awesome.  There is unparalleled satisfaction in reaching your goals, receiving feedback from a happy client and busting your gut knowing that you will benefit.  On the flip-side, there is that sick feeling when you’ve stuffed up catastrophically … one thing you will have worked out by now is that the buck stops with you.

I work with business owners all day and hear from many virtual assistants just starting out.  So here’s a tongue in cheek look at the good, the bad and the ugly that comes with being your own boss.

The Good

Set your own hours
Unlimited income potential
You call the shots
Achievements are your own
Do what you love doing
On the job training
Chose who you work with
The sky is the limit

The Bad

Work all hours
Managing cashflow
You face the music
Failures are your fault
Have to do those jobs
Out of your depth
Choosing the right people
The buck stops with you

Being Your Own Boss … the good, the bad and the ugly of owning your own business

 
 
 
 
 
 
 
 
 
 
 
 

and then, there’s the UGLY

I’ve also helped clients pick up the pieces left from a ‘be your own boss’ type missing the most crucial skill of all, ethics.  “What goes around, comes around” is very much the case for a small business owner.  Face up to your mistakes (and I’ve faced up to plenty) and learn from them.  The most successful business owners have made monumental mistakes … and come through the other side stronger for making them.

Based on the past 14 years of building a virtual assistant business, I think the following traits are what differentiates the good, from the bad, from the ugly.  Making all the difference in having a successful career being your own boss:

Stickibility  |  Resilience  |  Motivation  |  Ethics  |  Humour  |  Morals  |  Empathy  |  Flexibility  |  Versatility  |  Personality  |  Organisation

Your Turn: For you, what are the best and the worse things about being your own boss?

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3 Comments

  • disqus_W4KjfaOksA says:

    Nice post, Justine. The thing I hate about being my own boss if constantly have to bribe, threaten and motivate my staff: my writer, my accounts person, my receptionist… Oh, wait a minute… that’s me. I think I need to see a therapist!

  • disqus_W4KjfaOksA says:

    I’m already onto my third!

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