Starting a Business: What Skills do You Have?

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So you finally made the decision to start your own businessNow what?  Do you know what type of business you will run?  What are you passionate about?  What would you like to do?  What would you be good at?  What skills do you have?  Answering these crucial questions will lead you to understand what your new business will look like.

Luckily, for me, I managed medical practices for a lifetime.  During those 32 years, I gained countless administrative and managerial skills.  When it came time for me to decide what type of business I would start, it helped me to compose a list of things I knew how do to and things that I was good at.  I then I re-examined my list and drew a line through the skills that I did not like to do, the ones that did not fulfill me; the ones that stressed me out.  If you are going to do your own thing, you might as well be happy doing it, right?  For example, the first thing that I crossed off my list was “Managing People”I knew for certain that I no longer wanted to manage employees.  I needed to choose a business that I could do on my own with no need for staff.  With each skill that you cross off you will get closer and closer to what your new business will look like.

There are so many things to think about during this process.  What services will you offer?  Who will you be offering these services to?  What industry will your clients come from?  Do you live in the correct geographical area to be able to find these clients?

Are you a hard worker?  Owning your own business means that you will have to toil until all the work is done.  There is no such thing as a time-clock, at least at first.  There will be no 9-5 office hours for quite some time…maybe never!

Can you work alone?  Do you need daily socialization that co-workers provide?  Initially, you will probably be the only one on the payroll.  Will you be able to handle the seclusion of working hours on end alone?

Do you have support of family and friends?  Going alone is not easy and you will have days where you feel frustrated and even scared.  Do you have people to share these feelings with?  People that will try to understand and support you?  When you are your own boss, you have to be everything to everyone.  You will need to learn to balance your new business with your spouse, children, family and friends.  Do you have financial support? You may very easily have to forgo a steady paycheck for some time.

Go ahead and move forward with lists, research and planning.  This is the time to create the framework of your business.  Take one day at a time.  Do not lose focus or sight of why you are doing this.  You have a lot to do so get yourself organized.  If organization is not a skill that you possess, hire someone that can help you stay organized and on top of all the tasks of starting a business (detailed in a future post).

Owning your own business is hard work, but rewarding.  You do not have an easy road ahead of you but you do have one that will be exciting, life altering and well worth it.

About the Author:  Sheri Miller is the Owner of Another You, LLC, a Virtual Assistant service in the Dayton, Ohio area.  Sheri helps small business owners save time, money and frustration by taking care of their day-to-day administrative tasks.  Think of her as your right hand while your left hand is growing your business.    

www.anotheryouerrands.com                937-416-2207

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Starting a Business: The Decision

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Webster describes a decision as “a conclusion or resolution reached after consideration.”

I was a Medical Office Manager for 32 years.  I managed the day-to day activities of the office, multiple physicians, 25 staff members, and a practice full of patients.  Hiring, billing, collections, insurance, etc., need I say more?  It was a difficult, stressful job but one where I gained a wide variety of skills.

In January 2013, I lost my job.  The year before, our private practice was purchased by a large, corporate hospital network.  Not long after the practice made it through the 8 month, tough transition, the Network let me go.

After 8 weeks of mourning the loss of my career, I had some hard decisions to make.  At that point, I really did not know what I wanted to do but I sure knew what I didn’t want to do.  I did not want to manage medical offices.  I did not want to work for people that I could not trust and did not respect me.  I did not want to work for a large hospital network.  What did I know?  I knew that I had the discipline to work for myself and had always wanted to give it a try.  I knew that I had countless beneficial administrative skills; if you can manage a medical office you can do about anything!  I knew that as a wife, mother, and practice manager, I had assisted people all of my adult life.  So what type of business would be right for me?

It was my knowledge that people in Hollywood and other large cities have Personal Assistants.  But did people in Dayton, Ohio have them?  I did some research and found that there were Personal Assistants in large cities that ran errands for busy people and organizations.  They performed tasks such as shopping, scheduling appointments, and taking cars in for maintenance and pets in for shots.  They waited in homes for repairmen, organized paperwork and home offices, and ran errands.  I could do these things!  As well as running medical practices, I had managed our household for 34 years.  Additional research found that there was one woman in Cincinnati and two in Columbus that were working as Personal Assistants.  I could find no one in the Dayton area…I was on my way!

Decisions.  “In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.”~ Theodore Roosevelt.  It is a huge decision to start your own business.  Can I do this?  What if I fail?  What if I succeed?   What would success look like for me?  What will others think?  Will I be supported by the people in my life that are important to me?  Will I be able to make enough money for my household?

So I put together a simple, makeshift business plan and sat down with my husband.  Next, I spoke to my parents, family members, and a few close friends.  Luckily, I was supported by most-even though a few looked at me like I was out of my mind.  The decision was made.  I knew what the business was going to look like now what would I call it?  Another decision.

I had a small dinner party with my closest family members. After dinner, I passed around a list with my top 5 choices for the name of my business and asked them to vote for their favorite.  That evening Another You was born!

People often say that they find it hard to make decisions.  Unfortunately, we all have to make them, ranging from what to wear to life-changing decisions like who to marry and if to start a business.  The decision, for me, was not easy and neither was that first year!  But here I am, 4 and a half years later, and Another You is alive and well!  It did take a different path than what I had planned (which I will discuss in a future post) but I am in business and happier than I have ever been.  I am so glad that I made that difficult decision.  This is what success looks like to me!

About the Author:  Sheri Miller is the Owner of Another You, LLC, a Virtual Assistant service in the Dayton, Ohio area.  Sheri helps small business owners save time, money and frustration by taking care of their day-to-day administrative tasks.  Think of her as your right hand while your left hand is growing your business.        www.anotheryouerrands.com  937-416-2207

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