Opening your own business is at this point the chosen selection for numerous people in the current economic climate as gratifying jobs become harder to find, but before you grab your life savings and invest it in your own abattoir business. What do you need to know?
So how do you run a new venture? You've constantly been the one who is told what to do. Straight away the shoe is truly on the other foot - you allocate the commands now. But what guidelines do you give to your employees? What signals do you dispatch? How do you recognize if what you are doing or saying is the decent thing for your new abattoir business? It was straightforward in the past...the boss spoke...and you did what he/she said and you got salaried at the end of the day. This is a little harder, if you get things incorrect now, not only will you not get paid (or get rewarded less), your lack of decisiveness could impact negatively upon your workers.
Be sensible when operating your own business - for sure you want to make money, but not at all costs. What are the costs of business compared with just being a member of staff? You have more accountability to yourself, your family and staff if you have any - they are all dependent on you for their financial sanctuary. Scary! Running your own business normally means running longer hours and you may not make any funds from working those longer hours where formerly you may have got paid per hour/day. A guaranteed salary!
However the large bank balance helps!
For your own self respect; think of the feeling you have compared to being in an everyday job or no job at all. It's a lot easier to get out of bed at sunup knowing you are constructing a business for yourself and your relatives; your not doing it for your boss - who you might not even be fond of.
In reality there are constantly a blend of features at play and no two particular entrepreneur conform to the same kind; in a substantial corporation people become institutionalized but with your own business you get to do things your own way and sway the employees you have (assuming you have any).
Major abattoir businesses are designed that way by people just like you. They make it because they plan to unbeaten, they take the time to bring about how they want their business to be; they plan it that way and take great pleasure as their venture and their life begins to tie in with their dreams.