When people think of being a boss, they think that it means not being answerable to anyone, but that is seldom the case.
Your customers are your boss.
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Your clients are your boss.
Your deadlines are your boss.
Your commitments are your boss.
While working for yourself, you are responsible for everything. You can’t shift blame and be done with it. No, when it is your business, everything comes down to you. Your clients become your boss because they dictate the amount of work you get and the kind of cashflow you deal with.
Your customers are your boss because even if one of them is not satisfied they can damage the business with being vocal about their experience. A happy customer will always bring in more business.
Your deadlines are your boss because they decide the speed at which you work. Your deadlines may eat away your personal life from time to time. This is why it is important to be realistic about the deadlines that you set.
In the beginning, you might have to do everything by yourself. Business planning with your partners, investors, or colleagues, meeting with clients, pitching ideas, getting customers, product development, meeting the deadlines, etc. – everything becomes your responsibility.
The title of the CEO might sound glamorous, but the work certainly isn’t when you are starting out. When you need money, your clients, customers, investors, everyone becomes in charge of the number of hours you put in.
Your commitments become your boss because when you are starting out, your words are what people go for. So, your word, your promise, your commitment is the most important asset you hold. If you fail to deliver on your promise, it can ruin your reputation. Having a good reputation and building on it is really important for a growing business.
Everything from meetings, deadlines, to promises are commitments and you need to honor them. You can’t exactly run a business without them.
While being your own boss is a dream come true for a lot of people and it is what they are preparing for, it is surely not something for everyone. Yes, not being actually answerable to someone sounds exciting, but you are exchanging that to being answerable to a lot of things and being responsible for a lot more.
What you need to realize is that being your own boss is not all rainbows and cupcakes. You need to work hard and go through the hardships linked with it, to enjoy the benefits that come with it.