Notes

Entrepreneurship is Like Parenting - Nurture Your Business in MEMORIES and Bad
Your business was conceived as soon as you had the theory that would free you from the daily grind of working for another person. You worked hard to create that business into the world; drafting an idea, coming up with a name, finding a designer to create your logo, a developer to get your website online, all that is like labor. That business is your baby.

You were there throughout its infancy losing sleep, doing everything you could to help keep it growing, healthy and thriving. You put all you had involved with it; you read everything you could get your hands on about growing your organization just like a new mother devours parenting magazines and how-to books. When a business is new, it's almost a novelty. It's thrilling to watch something you produced from nothing grow into something bigger. When Gluten Free Recipes complimented on your own brand you are feeling proud as a parent showing off baby pictures.

Then as your business moves from its infancy, all of a sudden the adrenaline has worn off a little. You see how much work it really is just to keep every thing going. Of course you like your business, your baby, but the long nights are catching your decision, and you've been tending to it all on your own; it's taking all of your energy. It's at this stage that we will probably lose our momentum when it comes to building our businesses.

If you're coming out of the infancy stage of your business as we put on an economic recession, you may be tempted to give up, way more than if the economy were good. As a parent you can't just decide you're bored and discard the infant, moving on to another thing, so as a business owner why would you just let your organization fade away?

As a parent, when times are tough and you feel challenged, you look for support, whether it's from the spouse, another parent, or an online network made up of people in the same situation as you. You keep up to nourish your son or daughter when money's tight (like you must continue to invest in marketing your organization) and you consider how rewarding the complete process will be in the end.

No matter what, you borrowed from it to yourself and your business to understand its true potential. If you give up as soon as you begin to lose momentum, or you fear the economy will force you out of business you'll never know what may have become of one's enterprise, your dream, your baby. Like parenting, being an entrepreneur is probably the most rewarding things you'll do that you experienced.

If get more info haven't browse the E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It (that ought to be required reading for entrepreneurs) you need to pick up a copy once you can. Author, Michael Gerber spends a great deal of time forcing one to look at your organization as if it were a kid going right through different developmental stages. He goes through why most small businesses fail and how to prevent that outcome yourself.

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