Renell Shorter has been working as her own boss for more than 15 years. A former hairstylist, Renell “Rae” Shorter owned Lovely Lashes in Michigan. She is now the owner of Credit Diva of Dallas, Inc.
If you are thinking of becoming your own boss, take some time to answer these questions:
- What are my strengths and weaknesses?
Leading your own company, even if you are the only employee, requires that you take a careful look at your business skills. If you are weak in any skill that can benefit your company, make a point of either improving yourself in that area or finding a business partner who is strong in that area.
- Am I committed?
Within five years, more than 50 percent of small businesses fail. To be successful, you must push through all of the challenges you will face on the way to building a company. If you remain committed, your chances of creating a lasting company are much higher.
- Can I handle the workload?
Being your own boss requires a great deal of time. You will most likely have to work more than 40 hours per week to keep your company afloat, and you must think about your company even when you’re off the clock. If this idea concerns you, you may not be ready to be your own boss.
