Perhaps you’ve already started a business. Perhaps it’s going well. You are creating new leads, seeing growth in multiple areas, and hopefully, you’re even turning a profit. To get to this point, you likely invested hundreds of hours dreaming, planning, working and sweating the details of making your business work. Now that you are seeing that you do have a workable business plan, what’s next? Chances are, you are still very much involved in the day-to-day operations of your business. Whether you are afraid to step away for even a few hours or the thought hasn’t yet occurred to you, you may need to consider the concept of self-sufficiency for your business and how that would work in your life.
While there are many benefits to owning and operating your own business, there are sacrifices that come with that decision as well. In a sense, you may be married to your business, but there comes a point where self-sufficiency may not only be good for you — it could be good for your business. Having a self-sustaining business means a few things for you personally….a chance to take a day off, or even take a full vacation for crying out loud. It means your business is healthy enough to survive without you for a few hours, which is great news in case you ever get sick, have a family emergency or need a mental health day. It also speaks volumes about the benefit to hiring, properly training and retaining quality employees.
You may need to consider how you can establish some semblance of self-sufficiency if any of the following apply to your current situation:
When your business is self-sufficient to some degree, it doesn’t mean that you are “coasting” or can fall into a state of complacency; it simply means that you have worked hard and have successfully established your business to the point where it will not fall to pieces in your absence. Not many people talk about the importance of self-sufficiency, but if you are an entrepreneur, you would be wise to consider adding that to your list of goals for the future.
By Meagan Kerlin for Vertu Marketing LLC