May 8, 2006

• Life of a Entrepreneuer
  living life on the edge from a economic stand point

  Would you consider it cool to work for yourself or be your own boss?  I find it rather appealing since I’ve grown up in this atmosphere but at the same time there are advantages and disadvantages for having your own business.  There are multiple routes to take in this world we live in terms of job or careers.  There are jobs where you work for the boss and put your 9 to 5 with good benefits or there are high risk jobs that can reap high rewards if successful with little to no health/medical/etc benefits.  Now keep in mind there are a lot of other variables, advantages and disadvantages that I am leaving out here.  If I were to address everyone of them we would be here for a while and by the time you were at this point of reading this entry you would probably exit my web page out of boredom.  So here are a few highlights of entering the market as in entrepreneur; you might be a huge RISK taker or you might be on the other hand a high ADVERSE risk taker.  I like the RISK part, ha ha…but then part of me likes benefits too! =)  Hey, I need to have my dental and medical coverage from someone fool!  =)
  
  Pros
  
  • Excitement: Due to its high capacity for risk, there is a lot of adventure.
  
  • Rules and regulations: Work in a current job is difficult to do because of all the “red tape” and consistent administration approval needed.
  
  • Originality: Some people feel that they can offer a new service/product that no one else has offered before.
  
  • Competition: Employees feel they can offer their current company’s product/service at a lesser expense to the public.
  
  • Independence: Some people wish to be their own boss and make all the important decisions him/herself.
  
  • Salary potential: Generally, people want to be paid for the amount of work they do in full; they do not want to be “short-changed.”
  
  • Flexibility: Entrepreneurs can schedule their work hours to spend quality time with family or any other reason.
  
  • Rational salary:
  They are not being paid what they’re worth and would rather work on
  their own and earn the money they should be earning for their efforts.
  
  • Freedom: Entrepreneurs can work whenever they want, wherever they want, and however they want.
  
  
  Cons
  
  
  • Salary: Starting your own business means that you must be willing to give up the security of a regular paycheck.
  
  • Benefits: There will undoubtedly be fewer benefits, especially when considering that your business will be just starting off.
  
  • Work schedule:
  The work schedule of an entrepreneur is never predictable; an emergency
  can come up in a matter of a second and late hours will have to be put
  in.
  
  • Administration: All the decisions of the business
  must be made on your own; there is no one ranked higher than you on the
  chain of command in YOUR business.
  
  • Incompetent staff:
  Often times, you will find yourself working with an employee who
  “doesn’t know the ropes” as well as you do due to lack of experience.
  
  • Procedures:
  Many times during your entrepreneurial life, you will find that many
  policies do not make sense, nor will they ever make sense.
  
  Ok, now we have covered briefly a basis for both sides of the equation here.  Now its up to you if you want to take that plunge!  So the other night I was talking to Jax (you rock girl!) about how I would like to go to a chill kick back Jazz/Acid Jazz/Jazz Hip hop lounge where they just play awesome music or have live performers around a atmosphere that is completely chill with ambient light colors setting a mood for the music and social scene for an evening.  A place where you can buy drinks, enjoy some chill music, enjoy the company of friends and just have a good time. Jax suggested we look to opening one!  I laughed but thought to myself for a moment about how cool that would be since there are no kick back lounges in all of the Greater Sacramento area.  Interesting, yes indeed!  (gears rolling in the head).  Maybe its time to post pone saving up for a house and other such things and say hello to Mr. Capital, hahaha….Yeah Right!  Now…a name for this place would be cool….hmmm….hahhaha, j/k.  Sorry, 21 and above ONLY! hahahaha!

  • 3:43 am
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