For many, finally being one’s own boss is one step closer to success. Being the boss, you don’t answer to anyone. You realize your own ideas. Your decisions matter. This can be an awesome feeling, yet many people do not realize that there is so much more to this feeling of superiority that comes with being a boss. As with all other things, being a boss has its own downsides.
You do have a boss.
You might be the boss of your own company, but in reality, you do have a boss to please: your clients. As an entrepreneur, it is imperative that you answer to their needs and demands. Your clients are what keeps your business running, so you need to constantly figure out how to satisfy them. When it comes to business, your clients are the ones actually taking charge. Seeing it in a wider perspective, you’ll come to realize that the health of your business is your boss too. When you think your employees need a marijuana blood test, you just got to do it to avoid dragging the team’s productivity down.
You have to fire people.
As a boss, you’re going to have to eventually kick someone off the team when the need arises. The bad thing is that most layoffs do not happen like the movies, where an employee clearly does not perform well anymore. In the real world, layoffs can happen to a good employee—or maybe even a good friend. And as much as a firing feels terrible to the employee, a boss may feel the same or even worse. Firing a worker could mean stripping that person of his monthly salary and self-esteem, and no one wants to be the person responsible for that.
Be extra sensitive to the needs of your employees. If you notice one of them being unproductive, it might be best to suggest a home hair drug test to know if you should start getting worried.
Hiring people won’t be as easy as it seems.
Being an entrepreneur will require you to hire people for your team. Although this may sound exciting, which it really is, the choosing may be quite overwhelming. If you’ve advertised your job opening well, there may be an ocean of qualified candidates vying for that position, but you can never be quite sure which one of them will be a good fit for your company. Moreover, the anxiety won’t end once you’ve chosen the right employee. It continues to make you question your choice, because in the event of a screw-up, you’ll still be the one responsible for everything. Talk about stress!
You get what you give.
When you have your own business, there is no assurance of a salary or a fixed compensation. You reap what you sow and earn what you earn. Because of this, the boss is constantly pressured to keep everything together and to avoid a single mistake. You will be spending your own money, and you won’t be able to afford a screw-up with that. In the business industry, there’s never really knowing how much you’ll earn on the next month or two.
Whatever the downsides are, don’t let these get in the way of how successful you and your business can still be. With a goal in mind and constant dedication, you can always become the best boss you ever knew.