Behold the power of being your own boss: You don’t’ have to explain why you want to work certain hours. You don’t have to your motives for choices you make. You get to decide who is on your team.
Does this sound good to you? Do you hate having a boss?
There’s a new movement by women to own their own business and be their own boss. Margo Wolfe, only 24, caught a glimpse of what it was like to have a boss during a college internship. She decided she it wasn't for her. After graduating, she opened a gift basket business. Earlier this month, she opened a yogurt store and has about a dozen employees working for her.
“I think entrepreneurship is the next professional frontier for women,” says Julie Weeks, American Express OPEN Research Advisor and author of its State of Women-Owned Busiensses Report. In my Miami Herald column today I write about how men and women have completely different reasons for choosing the riskier path of starting a business over joining the corporate world. Read the full article by clicking here.
Of course, there’s downside in being your own boss. Jaime Bruce, mother of three, thought owning a toy shop would be fun. She is closing her shop and shared some lessons she learned during her 3 ½ years in business:
- When staff calls in sick, you’re the one who has to run to the shop and cover the shift.
- When your child is sick, you may need to bring them to work with you.
- When the economy falters, you may need to cut staff and put in longer days.
- Owning your own business may provide some flexibility but you will put in many, many hours.
- You can’t always trust your employees
- Advertising trends are evolving. It will take time and effort to keep up.
- Even when you are not at your workplace, you will be thinking about your business.
What are your thoughts about being your own boss? Is it worth the huge responsibility and time demands that come with the title, business owner?