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10 Things No One Tells You About Owning a Business

June 11, 2018

 Being a business owner is one of the most rewarding things I've done in my entire life...however, there's so many aspects about being a business owner I've learned along the way that I absolutely was not anticipating!  Here's the 10 things no one will tell you about owning a business:

1. It's lonely, you should get a dog

I remember the days I could only dream of owning a business and working from home.  Oh how great it would be to make my own schedule!  Or work from the comfort of my bed!  And although there's amazing perks, working from home (that's how most small businesses start), it gets incredibly lonely.  My advice?  Get a dog.  Or two.  A dog will be there at all times to comfort you and on the days you get so caught up working, a dog will remind you to get outside every now and then.

 

2. It's very hard

Let's face it, we are expected to know exactly what we're doing and when, but there just truly is no way to know!  You have to figure a lot of it out on your own.  My advice?  Take the good days and bad days in stride, trust your gut, get comfortable with failing...and succeeding.  There's no right answer, and what works for someone else, may not always work for you.

 

3. You will have incredible highs, and devastating lows

Owning a business is truly a roller coaster of emotions.  One day you might have 10 clients tell you how amazing you are, and you'll meet your booking goals; but then there's also days your inbox will be crickets...and that's ok, it's all ok.  When you have your lows, be thankful for the good days, and how far you have come.

 

4. You WILL make mistakes

Again, you're expected to know it all and one truth is that you just won't know it all!  It's actually good if you make mistakes.  If you get to a place where you are comfortable in your business, you're probably doing something wrong.  It's uncomfortable to grow, to fail, but those times we do, we become better business owners.

 

5. You will become all things (ceo, marketer, web designer, social media marketer, photographer).

In the beginning, it's really hard to juggle all things all at once.  Especially when you've never done most of the things in the past.  Give yourself grace when you don't know.  Ask for help, and be humble.  But just know, this is how it is in the beginning.

 

 6. It's better to outsource

Going back to my last point: Outsource as early as you can!  For me, I outsource ALL of my editing.  This saves me TONS of time to in turn, focus on the things I can do to grow my business.  I know, I know, you might be thinking, "but Morgan, I don't trust anyone else to do as good of a job I do".  I know, you don't.  But giving up control can truly help you and I'll let you in on a little secret: the right people/companies will actually do a BETTER job than you!

 

7. You should find a genuine group of friends in your industry and get together once a week or so to work with them.

Going back to my "it's lonely" point.  If you don't find a group of friends in the same industry as you, you may burn out.  Having these friends will help you bounce ideas off of each other, stay encouraged and motivated.  Think of them as your co-workers, all working toward the same goal.  Meet up weekly, or as often as you can, to work with each other.

 

8. You will never feel like you are "there".

To be honest, friend, there will never be a point you will just be happy with where you're at.  It's human nature to want "more".  That's ok.  But don't get discouraged when you're not where you want to be.  Instead, focus on how far you've come, and keep working towards those awesome goals.

 

9. You need to create balance.

I remember the time when I had NO balance!  I would stay up until midnight responding to emails.  I would work on weekends, and vacations.  Having a good work/life balance is so IMPORTANT.  If you're not careful, you will slowly realize your personal relationships are suffering because of your business, and that is never ok!  Family comes first, and balance is good.  Your business will always be here, your family and friends may not be.

 

10. It may likely be one of the best decisions of your life.

Becoming an entrepreneur was by far one of the best decisions I made.  It has taught me to grow so much in ways I never thought were even possible.  Though it may be hard at times, it truly is a life lesson you will take away with you many years to come.

 

Keep fighting the fight my friend, and stay encouraged in your journey.  What's been the hardest thing for you as a business owner?

 

With Love,

Morgan

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