BIGG success is life on your own terms. It’s about entrepreneuring your life which, for a lot of people, means being an entrepreneur in the traditional sense of the word.
Yes, a lot of people dream of owning their own business. So we found a recent survey about small business owners and retirement interesting. The survey was conducted by Gallup and funded by Wells Fargo.
The BIGG Success Show Podcast Summary
If money were no object
We found what appears to be a contradiction the most interesting part. Small business owners were asked what they would do today if money were no object.
51% said they would keep working in the business own now, at least part-time. Another 18% said they would start another business. So 69% of the small business owners surveyed would keep entrepreneuring!
How do you define retirement?
So that sounds great, but here’s the contradiction: “Nearly two-thirds of small business owners define retirement as a time when they can work at something they enjoy and do so on their own terms.”
Especially right now, there’s an unusual amount of stress piled on top of the unusual amount of stress that many entrepreneurs often feel, especially in the early phases of their business.
You have to be careful not to romanticize owning a business. It’s fun to get a business started. However, that’s as far as a lot of people think – picking a name, designing a logo and those sorts of things are a very small part of the whole process.
It’s hard work to start a business, doing as much as possible with as few resources as possible. It can really wear on you after awhile.
Closely related, once you start, the demands of the job means you may have to do things you never imagined. If you start a restaurant, you have to be prepared to be the chief cook and bottle washer. If you’re not, you won’t make it.
Entrepreneurs do what needs to be done. That’s one of the differences in mentality between an entrepreneurial manager and a corporate manager.
And you may not really enjoy some of the things you have to do. That’s why it’s so important to be passionate about the business you select without romanticizing the actual work that goes into it.
Because the romance novel can quickly turn into a horror flick!
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