Small Business Q&A
I want to open my own hair salon because I love what I do. My husband says I will not be happy because of the day to day hustle and bustle of keeping customers and employees happy. He says that it will be too stressful to worry about everything. I say, not so much if it’s done right. Are there any small business owners or entrepreneurs who have gone into business because they loved their work and wanted to see it done right who are happy with that decision to be a business owner?
If you don’t love what you do as a business owner, you won’t succeed. There are so many ups and downs (and yes, your husband is right — stuff you hate to do), that you must have a strong passion for your business or you will not succeed.
But lots of small business owners have passion and still don’t succeed. Most don’t succeed because the business owner doesn’t understand the management side of the business. And how to make it work for them. Plus most small business owners don’t understand cash flow — they think those reports from accountants are just meant to be filed away in a drawer — so they go belly up because they don’t have the cash resources to run the business.
Transitioning from a technically skilled worker (like a hairstylist) to a business owner is a huge task. Not one to be made lightly. But it sounds like you are on the right track. Research and education about what you will encounter are very important. You may want to pick up the book — The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It — by Michael Gerber. It’s a great read about that transition.