Owning a start-up business might sound like a good life to live. But behind the confident façade and the suit-wearing person driving an Audi, lays a skeleton. All tucked-in and cosy in their closet. Like the best actors and politicians, most start-up business owners are very good at keeping secrets.
Here are 5 things you may not know (or realised) about successful business owners:
- Some businesses were made from failure.
Some businesses were made above the rubble of their previous businesses. Most successful business owners – even the ones who may have it easy now, have tasted the bitter juice of failure. Although, some might have been luckier to enjoy sweet success from the get-go, it is always better to assume that you might not be served a pina colada from the start.
- Even small businesses are big responsibility.
Running a micro SME is not just about building your business. It’s about creating a community among other sellers, suppliers and consumers, and together, the community can foster a healthy growth for the industry. Small business owners often hold the power to create jobs, so growth means more job employment and better benefits. When it comes to providing the best service for your customers, how many workers would you need?
- You may not have “got this”.
Budget restrain, the economy, market shifts. Some things you actually don’t have a handle on. It takes more than just your ability to do business. Persistency, networking, proper planning and a little (maybe a lot) of luck can vastly help your business deliver value much further and enable you to solidify business no matter the challenge.
- It won’t be easy!
Being your own boss is really not an easy task. You are literally responsible as a boss and as a worker to keep your establishment together. In addition to that, you are also in charge of bookkeeping, account managing – including salaries and claims, you must be consistent in delivering your business. Now, remember calling your ex bosses drill sergeants?
- We are here to help.
There is plenty of free software around to help the regular SMEs. But it’s another thing altogether for Micro SMEs or Start-Ups. Keep an eye out for software you might need for your business according to size. Financio is an accounting software created for micro SME business owners with minimum accounting knowledge. Because we know how much you’d like to spend more time on your business and less money and time on an accounting software. Give it a try?