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What’s it like Owning a Business?

Category: News

It has been estimated that over 60% of American employees want to own their own business. However, a much smaller number actually make the move for such an exciting lifestyle change.

Some people catch the entrepreneurial passion at an early age because of role models or experiences in their childhood and adolescence. For others, it happens later in their lives when they have a series of events that make them feel that employment has an overwhelming, powerful influence on their life and income potential. It’s often expressed as, “I am tired of making money for other people” and often takes some form of anger. Although anger can be a great motivator for change, an entrepreneur in the making needs to come to grips with that anger – owning a business can be the greatest test for personal and emotional intelligence.

Whatever the timing may be, it usually manifests itself in the form of deep desire to have more abundance and wealth. Although that is often the result of the blood, sweat and tears that go into building a successful business, there needs to be a more meaningful reason for most to make the move toward entrepreneurship. That deeper reason typically involves the desire for control. Although we can only control so much in life, entrepreneurship gives an individual the platform to create their own destiny each day they wake up and work on their creation.

To sum up business ownership in one word is next to impossible. However, the first word that comes to mind is ‘thrilling’! Life as you know it changes completely after you own a business. The journey is only for those that have a tremendous threshold for risk. Needless to say, franchising mitigates risk better than any other business format.

All business owners put themselves in the position to make an impact on the universe in a series of small ways that are inter-connected. The irony is that the more seasoned a business owner gets over the years, the more they come to the realization that they have less control over what happens in life.

Does this sound almost spiritual? Possibly, it depends on you. All the great business owners like Richard Branson and Warren Buffet would certainly say so. Owning a business is a very special decision in a country that still offers an extremely conducive environment for the creation of wealth and personal achievement.