Entrepreneurship is Like Parenting: Nurture Your Business in Good Times and Bad
Entrepreneurship is Like Parenting: Nurture Your Business in Good Times and Bad
You were there throughout its infancy losing sleep, doing what you could to keep it growing, healthy and thriving. You put everything you had into it; you read everything you could get your hands on about growing your business just like a new mother devours parenting magazines and how-to books. When a business is new, it’s almost a novelty. It’s thrilling to watch something you created from nothing grow into something bigger. When you’re complimented on your brand you feel proud as a parent showing off baby pictures.
Then as your business moves from its infancy, all of a sudden the adrenaline has worn off a bit. You see how much work it is just to keep everything going. Of course you love your business, your baby, but the long nights are catching up to you, and you’ve been tending to it all by yourself; it’s taking all your energy. It’s at this stage that we are likely to lose our momentum when it comes to building our businesses.
If you’re coming out of the infancy stage of your business as we slip into an economic recession, you might be tempted to give up, more so than if the economy were good. As a parent you can’t just decide you’re bored and discard the baby, moving on to something else, so as an entrepreneur why would you just let your business fade away?
As a parent, when times are tough and you’re feeling challenged, you look for support, whether it’s from a spouse, another parent, or an online network made up of people in the same situation as you. You continue to nourish your child when money’s tight (like you must continue to invest in marketing your business) and you think about how rewarding the entire process will be in the end.
No matter what, you owe it to yourself and your business to realize its true potential. If you give up the moment you start to lose momentum, or you fear the economy will force you out of business you’ll never know what could have become of your enterprise, your dream, your baby. Like parenting, being an entrepreneur is one of the most rewarding things you’ll do in your life.
If you haven’t read The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It (which should be required reading for entrepreneurs) you should pick up a copy as soon as you can. Author, Michael Gerber spends a great deal of time forcing you to look at your business as if it were a child going through different developmental stages. He takes you through the reasons why most small businesses fail and how to prevent that outcome yourself.
Entrepreneurship is Like Parenting Nurture Your Business in Good Times and Bad - To learn more about this author, visit Staging Diva's Website.
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Your business was conceived the moment you had the idea that would free you from the daily grind of working for someone else. You worked hard to bring that business into the world; drafting a plan, coming up with a name, finding a designer to create your logo, a developer to get your website online, all of that is like labor. That business is your baby.
You were there throughout its infancy losing sleep, doing what you could to keep it growing, healthy and thriving. You put everything you had into it; you read everything you could get your hands on about growing your business just like a new mother devours parenting magazines and how-to books. When a business is new, it’s almost a novelty. It’s thrilling to watch something you created from nothing grow into something bigger. When you’re complimented on your brand you feel proud as a parent showing off baby pictures.
Then as your business moves from its infancy, all of a sudden the adrenaline has worn off a bit. You see how much work it is just to keep everything going. Of course you love your business, your baby, but the long nights are catching up to you, and you’ve been tending to it all by yourself; it’s taking all your energy. It’s at this stage that we are likely to lose our momentum when it comes to building our businesses.
If you’re coming out of the infancy stage of your business as we slip into an economic recession, you might be tempted to give up, more so than if the economy were good. As a parent you can’t just decide you’re bored and discard the baby, moving on to something else, so as an entrepreneur why would you just let your business fade away?
As a parent, when times are tough and you’re feeling challenged, you look for support, whether it’s from a spouse, another parent, or an online network made up of people in the same situation as you. You continue to nourish your child when money’s tight (like you must continue to invest in marketing your business) and you think about how rewarding the entire process will be in the end.
No matter what, you owe it to yourself and your business to realize its true potential. If you give up the moment you start to lose momentum, or you fear the economy will force you out of business you’ll never know what could have become of your enterprise, your dream, your baby. Like parenting, being an entrepreneur is one of the most rewarding things you’ll do in your life.
If you haven’t read The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It (which should be required reading for entrepreneurs) you should pick up a copy as soon as you can. Author, Michael Gerber spends a great deal of time forcing you to look at your business as if it were a child going through different developmental stages. He takes you through the reasons why most small businesses fail and how to prevent that outcome yourself.
Entrepreneurship is Like Parenting Nurture Your Business in Good Times and Bad - To learn more about this author, visit Staging Diva's Website.
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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