I am an entrepreneur.

 

 

 

If you are reading this, it is likely you are one too.  Or at least on your way to becoming an entrepreneur.

 

 

 

 

 

 

 

I consider myself extremely lucky to have been self employed for a very long time. I don’t have one boss…I have thousands (my clients).

 

 

 

 

As long as I am willing to get my work done – no matter what, I have been able to go to my children’s functions, take off for doctor appointments, or represent my family at day long events. I can take a vacation…but usually get very antsy after 3 days…because of my responsibility to my business.  Finally, that is changing.  My business is set up so I can work any place and I am getting to the point where my business can run without me.  It takes a special set of business plans to be able to do that.

 

 

 

 

 

 

 

 

 

 

Tomorrow, when I wake up, I am going to ask myself “what I want to do today”…and the answer is going to be “whatever needs to be done” and “whatever I want”! As long as I haven’t been procrastinating, I can do anything. I love what I do.

 

 

 

 

 

 

 

An entrepreneur is a person who begins and manages his/her own business. She may work alone or hire employees. An entrepreneur often does things differently because they feel that they have a better way to do business. I believe that entrepreneurs lead by example and make a tremendous positive influence in the business world.

 

 

 

 

 

 

 

I would prefer to do business with an entrepreneur. Why? Because entrepreneurs care. They know that the future of their business lies in the hands of a happy customer. They want things to be right for their customer because they take ownership of the outcome.

 

 

 

 

 

 

 

The main characteristic that will help sustain a business owner through all the crisis and decisions that must be made while owning a business is “drive”. Willingness to work very hard. Entrepreneurs commonly put in 12+ hour days.

 

 

 

 

 

 

 

You may hear about the business owners who put in 3 hour days…but, they either were very lucky…or put in all the blood sweat and tears before and now are living off their old work. You have to be a hard worker to see results in entrepreneurship.  Don’t let anyone tell you any different.  You will be broke and disappointed.

 

 

 

 

 

 

 

I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.” –Steve Jobs, Co-Founder and CEO, Apple

 

 

 

 

 

 

 

I often get up at 3 a.m. and work straight through until almost bedtime. That is when I am in my creation stage. I have been in my creation stage now for a couple years. If you have been around me much, you can see…I am blooming with ideas and working like crazy to bring them to life.

 

 

 

 

 

 

 

Entrepreneurs wear many hats. We are the jack of all trades. We need to learn a lot about everything…and know enough to ask …or seek the answers if we do not know. Business owners seek out advice from books, consultants, their “tribe” – from any source that will help them to do a better job.

 

 

 

 

 

 

 

Successful owners of health coaching practices have some common characteristics. We have health coaching knowledge gained through education and work experience. It is really hard to offer health coaching without knowing how to perform the services properly.  It is almost impossible to run a business without some basic knowledge and experience.  If you are lucky, you have worked for someone else, either as a health coach or in some other business situation.  Internships can save you a lot of mistakes.

 

 

 

 

 

 

 

Entrepreneurs are self motivated. Self motivated people do not wait for their boss to assign them work. Health coaches who need to be prodded into working will find it difficult to put in the time and effort necessary to operate their business.

 

 

 

 

 

 

 

Being the boss is fun. It is also a daily gamble and a lot of really hard work. Those who may be considering owning their own business have already met the first prerequisite and that is the dream.

 

 

 

 

 

 

 

Next, they must get the skills and background in health coaching and business that will make it easier for them to achieve their dream.

 

 

 

 

 

 

 

There are many questions you will want to ask yourself:

 

 

 

  1. Why do you want to own your own business?
  2. What will you change in your life to find the time to run your business?
  3. Do your present skills and abilities prepare you to run your own business?
  4. Do you have available finances to commit to running your own business?
  5. Are you able to survive financially without a regular paycheck?  It takes time to grow a business.
  6. Do you have existing clients to work with in your business?
  7. Are you internally or externally motivated?
  8. How do you manage priorities?
  9. Do you work well alone?
  10. Have you had a frank discussion with your family about what your new business may entail?

 

 

 

 

 

 

 

Are you deciding if you should be an entrepreneur? The first step is a list of pros and cons.  Do yourself a favor and create a list of pros and cons now.

 

 

 

 

 

 

 

“Whether you think you can, or think you can’t — you’re right.” –Henry Ford, Ford Motor Company Founder

 

 

 

 

 

 

 

There are lots of great things about being an entrepreneur…there are even more cons. You have to really want it and you must be willing to work like crazy…and love it!

 

 

 

 

 

 

 

What are your dreams? Are you ready for entrepreneurship? Share with us here.

 

 

 

 

 

 

 

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For FREE business education, opt in to our newsletters and Health Coach University.

 

 

 

For more advanced training, we will be announcing a special Building Abundance Class with success coaching in this week’s newsletter with participants as successful case studies. 

 

 

 

 

 

 

 

If you are meant to be an entrepreneur (the dream, the time, the ability to manage priorities), please sign up to be considered for this new program here.

 

 

 

 

 

 

17 Comments

  1. Lorna

    All good points Cathy. I saw a quote this week that said “Entrepreneurs quit their 40 hour work weeks so they can work 80” or something like that. It made me laugh because it is so true. We gain “freedom” but have to work our butts off for it. It’s worth it though. Thanks for this post.

    Reply
    • Cathy

      Said like a true entrepreneur! Thanks Lorna.

      Reply
  2. Sue Ann Gleason

    Glad you confirmed that the entrepreneurial path, while beautiful and exhilarating, is a LOT of work. Love the line” “You have to be willing to work like crazy. And love it.” I do!

    Reply
    • Cathy

      Sue Ann, that shows up in your work. Thanks.

      Reply
  3. Susan Seale

    Oh yes, I’ve been an entrepreneur for over 20 years. It IS a lot of work. I’m now creating a new biz with coaching and my intent is to NOT work 18 hour days. My body is no longer interested in that.

    This new phase of my entrepreneurial life will have to be made up of normal 6-8 hour days!

    Reply
  4. Lois Olson

    I love how you said an entrepreneur is self-motivated. That’s the best part about being my own boss. I get to decide what dreams I have, what priorities are most important each day, whom I’ll spend my time with and how. I love that kind of freedom. But you’re also right about the incredible amount of work that goes into building a successful business. I have a hard time separating my personal life from my work life because often when I’m working it’s so fun, it doesn’t feel like work. I love what I do and I am thankful I live in a country and time that makes that possible.

    Reply
  5. Susie

    I love what you said about being in the creation phase.

    I feel like I have so many ideas and avenues popping up that I am trying to capture as much as I can to keep moving towards reframing my business to be location independent.

    Reply
  6. april

    lovely analysis of the entrepreneurial life, cathy. i’ve had my own business for 5 years now. it’s changed a great deal in the process and it’s been a lot of work, but i could never imagine my life without it. i embrace the flexibility, the freedom, and the many rewarding gifts it’s given me.

    Reply
  7. Deb

    Yes yes yes

    I too have been self employed for over 20 years in all sorts of different businesses. I must say the online world is slightly different and yes it is a lot of work.

    I am definitely into creating so I have lots of products that can be bought as passive income!

    Reply
  8. Michelle

    Cathy, 3 a.m.??? 3 a.m.??? *gulp* And you don’t get sick???

    As soon as I start to miss 8 hours regularly, my body rebels. I don’t know how you do it, but I have to admit, I’m a bit envious. I’ve always wanted to be one of those early-to-rise types in addition to one of those types that functions well on 5-6 hours of shut-eye a night. *sigh*

    Reply
    • Cathy

      Michelle, Not to fret. I get 8 hours of sleep every night. If I get up at 3 a.m. I go to bed earlier. Thanks for the concern.

      Reply
  9. Rommy Kirby

    Great post Cathy!

    I think that many romanticize being an entrepreneur only to find that it is a rather arduous path towards personal fulfillment and freedom.
    I was attracted to the world of entrepreneurship as a girl. Yep, had my own lemonade stand, sold cucumbers when we had a bumper crop and even tried those business opportunities in the back of comic books like selling seeds.
    I have never enjoyed being as the mercy of another’s schedule or whim, so for me, it’s about being able to do the things I want, improve the world around me and being generously compensated for what I generously offer.
    I am still in the start up phase, which does mean that I’m working a lot. But I am finding that as I learn and implement systems that work for me I can free up my time and my energy so that I can have more fun in what I do and with my clients.

    Reply
  10. Kati Maxwell

    I loved this blog Cathy. You make me want to resign my job right now!
    I feel in my heart of hearts that I am, or can be, an entrepreneur….I just need to bite the bullet and let go of my corporate job. (which is a 4 letter word at this point).

    I have a tremendous support system at home and I have the drive and ambition to run my own business. What I am currently lacking is income from my business! ha! in a few months I’ll be able to let go of the corporate job and bust my hump for my dream. I don’t have a problem working crazy hours for myself…I’m just too comfortable with my “guaranteed” salary and benefits right now. I don’t know how to let that go yet. Love this! You are making me think!

    Reply
  11. Cynthia Djengue

    Yes, working all day long! I get that. But, I can’t say any other way to lead my life now after doing this for more than a decade. It is stimulating and brings out our creative side, just like you said, you have ideas that need to be explored! And we get to benefit.

    Reply
  12. Laura Fragiacomo

    What an inspiring post! and a great reminder for me to ask myself some serious questions before getting started for real on my entrepreneurial journey. But I am inspired overall to do it – after 16 years in the UN, I feel I need a kick in the butt, a wake up call… I feel starting my own business will do this! I love your quote: “I don’t have one boss…I have thousands (my clients).” 🙂

    Reply
  13. shelley ugyan

    yes ! I love that this highlights “hard work” and “perseverance”. Being an entrepreneur is certainly not for everyone but if you are a creative soul- as you mentioned, and you have a fire burning for your vision, then it can be an amazing ride ! I have also learned that regardless of my “meed” I must stay in the flow of my work. There was a time when this was a challenge for me. The entrepreneurial path has taught me a lot about myself and life in general ! Thanks for such great reminders-and inspiration 🙂

    Reply
  14. Hayley Hobson

    I comment on your blog Cathy last week but when I went back to read it again, I noticed my comments weren’t there. Not sure what happened. Anyway, I wanted to tell you I totally agree with you. I’d never have it any other way. Go entrepreneurial!

    Reply

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