Running a successful business can be the best thing in the world, you can choose your business partners, make your own time, and create great work you believe in. However, the little-known downsides of running a business include vaporized dreams, business meetings, payroll, and accounting, to name a few. You should want a business that extends and lives past you. This means you have to be able to push yourself past limits of your current skill set. It also means that the business must be able to run to some extent without you there. If the business work cannot function without you there, then you would be better off as an employee of someone else. If you cannot duplicate parts or the majority of your work, then you are capped by your own time. A business not capped by your time is something worth investing in.
3 Questions to Ask Yourself to See If You Have a Business or Are Just An Employee of You:
- If you were gone for 2-3 weeks, do you fear your business would fail?
- Do you perform the work that brings in over 40% of revenue?
- Can your brand exist without you?