Top 10 Myths About Owning Your Own Business

Owning a business can be great, as long as you go in with your eyes open.

Plans Actions and Ideas

Here are common misconceptions:

  1. I’ll be my own boss. Your customers become your boss, and can hire and fire you like any corporate superior.
  2. I’ll have more free time. You’ll likely work more hours until your business is ready to thrive without you.
  3. It’s just me…I don’t need a business plan. Every business needs one. Without it, you’ll just drift like a leaf in the wind.
  4. I can do it all myself. This is the quickest route to burnout and business implosion. Build a team.
  5. If I do good work, I’ll be successful. True only if people know about it! Marketing will determine whether your business sinks or swims.
  6. I’ll make more money. This is not a given. You may gross more, but you’ve also got to cover more expenses and often put in a lot more time.
  7. I’ll have more control over things. Perhaps. But between client needs and economic trends, you may not have as much control as you thought.
  8. Bigger is always better. An efficient microbusiness may be all you need to have the lifestyle you want.
  9. I should work doing what I love. Yes, love your work. But just because you love making jewelry doesn’t mean that this is the right business for you.
  10. It’s too hard. Owning a business takes dedication, persistence and lots of work. But with the right support and planning, it can be rewarding.
If you liked what you just read please use the buttons below to share this post with others.
About Sheryl Wolowyk

Sheryl Wolowyk is a best selling author, award winning speaker and business coach. She focuses on service professionals and “ExpertPreneurs®." As an income acceleration coach, she helps service entrepreneurs attract more ideal clients, get paid top dollar, increase their visibility and reach. Sheryl teaches her clients how to create lucrative businesses and influential brands by positioning their expertise, and communicating their value in an authentic and genuine way that doesn’t sound ‘salesy’ or feel uncomfortable. Her clients are able to quickly build connection, garner trust, and attract a steady stream of ideal clients without having to work all the time, or sacrifice their true priorities in life.

She has built 4 million dollar businesses, is Executive Producer and host of the “Expertpreneurs®” Radio Show, hosts Expertpreneur® TV, and has been seen on ABC,CBS, NBC, and FOX affiliate stations. Sheryl has provided her insight and advice in Forbes Magazine and as a National columnist for America’s Premier Experts. Sheryl is also editor and publisher of ExpertPreneur® Magazine, a free digital magazine available on the Apple newsstand and Google playstore in 150 countries. She’s also a founder of the XPRIZE Education Initiatives where she works with billionaire Elon Musk and Personal Development coach Tony Robbins to change how the world educates.

Share your comments and feedback. We'd love to hear from you: