Are you thinking about starting your own business? If yes, that is amazing! Having your own business and becoming an entrepreneur can be very rewarding both financially and personally. Although many people forget to think about all the other things that come with running your own business. Here are 5 things that you should know about running a business and if you already have your own business, there is a 10/10 chance that you can relate to at least one of these.
You are the business owner, of course, you want everything to be done quickly and efficiently. However, if you have a team, not everyone will share this sense of urgency. To some, it is just about going through the motions – going to work, putting in the required hours, and going home. To help counter this, take the time going through the hiring phases, make sure that their goals align with yours and that you both see eye-to-eye when it comes to the business, tasks, and responsibilities. Keep in mind that as much as we strive to build a team that shares this urgency, when working with people outside of your organization, you cannot expect them to have that same mindset and things can become frustrating. If this is the case, always create a work-back schedule and set clear deadlines so everyone is on the same page.
When starting a business, you will have a clear goal and direction for how you want your company to grow. As things progress, periodically reassess your vision and be prepared to be flexible with your business. Not everything will turn out exactly as planned and that’s okay. Everything will come as it is supposed to and if you do have to change direction, it does not mean you have failed as an entrepreneur. This just means that you have to pivot to do what is best for the business at that given time. It is not the “be all end all” for your company, just a slightly different path to reach your desired goal of running a successful business. Business is all about learning and growing, so don’t give up on your dreams because it wasn’t what you initially planned.
We recently asked family care providers, using Treehouse, what one thing was they have learned from running their own businesses. Loreli Palandri and Sara Forster, registered nurses and founders of From Seed To Sprout said this:
“We would say that in business you have to learn to be flexible and ok with trying something, failing, and then picking up and trying again. As healthcare professionals, that can feel very foreign, because we generally work with evidence based, tried and true care. In business things are much more grey, and you need to be ok with that!”
Having a team can be great, especially if you need help in parts of the business where you don’t feel as knowledgeable. You can literally hire someone for just about any task, job or responsibility that you need to be completed. The great thing about running your own business is that you can choose who you do and don’t want to work with. By narrowing down the hiring process, you can build a team that suits your exact needs.
Again, you are the business owner meaning you get the most value out of your company being a success. That being said, be prepared to work harder than anyone else on your team. That doesn’t mean that you have to have the most paperwork or be the most on the go at one time, but it does mean that you need to always be willing to do what it takes to achieve the goals that you want to hit. This could be pulling 12-hour days for the first 4-5 years of your business to ensure success or always coming to work in a mindset that will not only lift yourself up but your team as well. Working 10x harder is physically, emotionally, and mentally exhausting.
No one loves their job 100% of the time and that is just the reality. We all have good days and hard days, and sometimes the “bad” days seem that much longer. This is normal. No one is programmed to love every second of every minute of their career, and it would be unrealistic to think otherwise. Even on the hardest of days, you need to realize that what you are doing is moving you closer to your goals. One thing that you can do to decompress after a strenuous day you didn’t quite love is clear your mind (Article: Clearing Your Mind After A Busy Workday) and take it for what it was – a tough workday, not a bad day. The moral of the story is to not give up on your vision and continue to push through the storm because the other side is success waiting for you.
It’s always hard to know what you are going to expect or run into whil running a business as every business if different. However, we are dedicated to help allied healthcare providers optimze their businesses and provide the tools and resources to take their practice to the next level.
P.S. We share more tips on how to manage your time and enhance your business on Instagram… come say hi! @growwithtreehouse
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