How to be financially ready to start a business

Financial Autonomy - How to be financially ready to start a business
Financial Autonomy - How to be financially ready to start a business

So you’ve decided you’re ready to take the big plunge and start your own business.  Congratulations.  Having transitioned from being an employee to running my own business, I can tell you, you will be in for some challenges, but also many rewards, not least of which is flexibility in how you manage your time.  I know of self employed people who like early morning, quiet, thinking time, and so choose to work for 2-3 hours from 6am, then take a break, do some exercise, have something to eat, and sit back down to continue working late morning.  Others work better at night, hitting full stride at 10pm and working through until the early hours.  Of course many businesses require you to be on deck during normal business hours to respond to customers, but even here you have flexibility, especially when you employ staff, to decide when you will be “at the coal face”.

 

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