Being your own boss is not, however, without significant challenges. Potential concerns include, but are not limited to:

• Lack of financial security or predictability
• Isolation from peers or co-workers
• Lack of clarity about job demands and expectations.

Related social and emotional challenges include:

• Tolerating financial uncertainty
• Finding the right balance between business and leisure
• Obtaining much-needed support and encouragement from friends, family and peers
• Combating those feelings of loneliness and isolation that can lead to depression and anxiety.

The following can help maximize your chances for success and satisfaction:

• Look to your support network for encouragement, constructive feedback and companionship.
• Have a financial backup plan.
• Have a well-thought-out, written business plan. The more planning you do with respect to short- and long-term goals and tasks, financial expectations and daily work routines, the less vulnerable you are to stress, anxiety and depression.
• Implement your plans. Be flexible where needed. Successful self-employment requires openness to learning, growing and adapting to changing needs and conditions.
• Make it a priority to strike a healthy work/life balance. Regularly set aside time for social activities, your family and yourself. Each day should leave some room for non-work related activities.
• Don't ignore the basics! Sit down to a healthy breakfast and lunch. Get dressed for work every morning. Don't lounge around in your pajamas, as that can easily detract from
  Your Bad Credit Could Keep You From Being Hired
  Did you know that credit difficulties can stop you dead in your tracks and keep you from being hired? Credit problems will stress you to the max, strain your personal relationships, crush your morale and possibly paralyze you from taking necessary actions in your job search. If that isn't bad e
  .

  Being your own boss is not, however, without significant challenges. Potential concerns include, but are not limited to:

  • Lack of financial security or predictability
  • Isolation from peers or co-workers
  • Lack of clarity about job demands and expectations.

  Related social and emotional challenges include:

  • Tolerating financial uncertainty
  • Finding the right balance between business and leisure
  • Obtaining much-needed support and encouragement from friends, family and peers
  • Combating those feelings of loneliness and isolation that can lead to depression and anxiety.

  The following can help maximize your chances for success and satisfaction:

  • Look to your support network for encouragement, constructive feedback and companionship.
  • Have a financial backup plan.
  • Have a well-thought-out, written business plan. The more planning you do with respect to short- and long-term goals and tasks, financial expectations and daily work routines, the less vulnerable you are to stress, anxiety and depression.
  • Implement your plans. Be flexible where needed. Successful self-employment requires openness to learning, growing and adapting to changing needs and conditions.
  • Make it a priority to strike a healthy work/life balance. Regularly set aside time for social activities, your family and yourself. Each day should leave some room for non-work related activities.
  • Don't ignore the basics! Sit down to a healthy breakfast and lunch. Get dressed for work every morning. Don't lounge around in your pajamas, as that can easily detract from
    A Serious Warning to Business Owners
    Over the past 19 years, I have worked with thousands of business owners in Africa, Canada and the United States. I foresee serious financial adversity looming for many entrepreneurs in the coming years, and perhaps a lot sooner than we may think. And before you conclude that this is mere specula
    ding the right balance between business and leisure
  • Obtaining much-needed support and encouragement from friends, family and peers
  • Combating those feelings of loneliness and isolation that can lead to depression and anxiety.

  The following can help maximize your chances for success and satisfaction:

  • Look to your support network for encouragement, constructive feedback and companionship.
  • Have a financial backup plan.
  • Have a well-thought-out, written business plan. The more planning you do with respect to short- and long-term goals and tasks, financial expectations and daily work routines, the less vulnerable you are to stress, anxiety and depression.
  • Implement your plans. Be flexible where needed. Successful self-employment requires openness to learning, growing and adapting to changing needs and conditions.
  • Make it a priority to strike a healthy work/life balance. Regularly set aside time for social activities, your family and yourself. Each day should leave some room for non-work related activities.
  • Don't ignore the basics! Sit down to a healthy breakfast and lunch. Get dressed for work every morning. Don't lounge around in your pajamas, as that can easily detract from
    Micro Business and Banking
    Micro businesses with no employees, or between one and nine employees, accounted for 94.6% of all UK businesses in 2001, 29% of employment and 21.2% of turnover. Approximately 3.1 million people were self-employed in 2002, according to Social Trends 33, 2003. An additional 1.35 million people
    anionship.
  • Have a financial backup plan.
  • Have a well-thought-out, written business plan. The more planning you do with respect to short- and long-term goals and tasks, financial expectations and daily work routines, the less vulnerable you are to stress, anxiety and depression.
  • Implement your plans. Be flexible where needed. Successful self-employment requires openness to learning, growing and adapting to changing needs and conditions.
  • Make it a priority to strike a healthy work/life balance. Regularly set aside time for social activities, your family and yourself. Each day should leave some room for non-work related activities.
  • Don't ignore the basics! Sit down to a healthy breakfast and lunch. Get dressed for work every morning. Don't lounge around in your pajamas, as that can easily detract from
    How To Start A Day Care Center Business The Easy Way - Complete Business Plan
    Deciding on starting a child day care business can be an exciting time, but for some the thought of having to deal with the business aspect of it can be overwhelming. No matter what your reasons for starting a day care business you can be sure that you will need to be full prepared for everythi
    adapting to changing needs and conditions.
  • Make it a priority to strike a healthy work/life balance. Regularly set aside time for social activities, your family and yourself. Each day should leave some room for non-work related activities.
  • Don't ignore the basics! Sit down to a healthy breakfast and lunch. Get dressed for work every morning. Don't lounge around in your pajamas, as that can easily detract from viewing yourself as a vibrant, productive, successful business owner.

  c2006 Bywater Consulting Group, LLC, Liz Bywater, PhD. All Rights Reserved.