Wednesday, May 26, 2010

Are you ever your own boss?

I should think not!

Most people, when they talk about entrepreneurship, say that one of the reasons they did it is so that they can be their own boss. I would think there is no such thing.

When you become an entrepreneur, instead of being content with one single boss, now you have to deal with multiple bosses, who are equally demanding and cut-throat.

Your first and foremost boss will be the customer/client. As the old adage goes, the customer is always right. even when he is wrong, he is right.

Next in line are your investors. I for one have 3 investors and each of them have given me their hard earned money believing that I will grow it and see to it that fair returns are realized

Then comes your employees. And here is the bare truth. As an entrepreneur you are a slave of your employee. Don't believe me? Well if you value your business, you will. In todays world, any business is run on human capital. even a "fully" mechanized factory needs a human to bloody turn the damn thing on!

Next, your suppliers. True, ideally you are their clients. But hey, we are not living in an ideal world and unless you give and take respect, you will not survive for long in your business. Your suppliers are key to your survival. THey could make or break your business especially during key turnover seasons. Better be good to them!

So, to sum up, when you become an entrepreneur, kiss even your present freedom goodbye!

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