I knew a long time ago that I preferred working for myself. I like to do things at my own pace and I like to reap the rewards for my own hard work, rather than earning the same as people who do more or less than I do. The only real problem was that I needed to earn a certain amount of money to be able to support myself and my family, and it was hard to find a business that could help me reach those goals.
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While working at other jobs, I tried things like running a gift basket business, selling life insurance and selling my own creations. I owned my own niche print magazine for several years too, but unfortunately it never earned me the full time income I needed, and it couldn’t stand up to the recession.
I started this blog as a hobby several years ago and never intended for it to be a full time job. It didn’t take long to realize that there was real potential here though, and I worked hard to learn everything I need to know for this to be my career. I’m still learning every day and there are ups and downs, but it has been a real blessing for my family.
Through these ventures I have learned several things about running a business. Here are a few suggestions to consider before working for yourself:
  1. Make a business plan that includes how you will deal with a downturn in the market, and an exit plan.
  2. Have an emergency fund that will help you through the hard times.
  3. Set goals and re-evaluate them regularly.
  4. Be prepared to work longer hours and more days than ever before.
  5. Never stop learning. Use a variety of resources when researching how to grow your business.
  6. Handle yourself professionally.
  7. Remember those who have helped you succeed and return the favour when you can.
  8. Form partnerships.
  9. Recognize when you can’t do it all yourself and hire passionate people to help you.
  10. Don’t be afraid to take a risk.

What would you recommend to people who are thinking of starting a business?

Sheri

Sheri

Influencer at Kidsumers
Sheri McDonald is an adventurous lifestyle blogger who has been parenting for 24 years and sharing her life online for over six years. You can find her discovering the world along with her children when she's not at home enjoying a good book.
Sheri

@kidsumers

Lifestyle Blogger. Traveler. Writer. Social Media Marketer. @SunwingVacay #Kidcations Expert Panel. Member of ITWA @PTBAssoc IG: familyenroute
Sheri
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