Have a business idea but not sure what to do with it? Check out this article to see the perks of being an entrepreneur and find out how to turn your idea into something tangible…
At age fifteen my aunt hired me to help her clean houses for $10 a day. Noticing she was usually paid between $40-$55 per job, I realized the income potential. In the early 90’s minimum wage was about $3.80 per hour.
Long story short, I had an immediate need for shoes, clothes, a car, and enough to pay bills on once I moved out of my parent’s house.
Yes, I was already planning to move out of my parents home when I was only fifteen, like I said long story-short. 😉
Realizing the amount of time it would take to save that kind of money, I applied for a job at Jack’s Restaurant. After finding out that they, along with everyone else willing to hire me at that age, only paid minimum wage, I sadly accepted the job.
Then for about three nights afterward I pondered what my aunt made cleaning houses. Figuring the number of hours I would have to work at Jack’s to match that, I was blown away at how many bill-paying adults had minimum wage jobs!
It made no sense to me.
Why would you work at a labor job for such low pay when you could do another kind of labor job and make two days salary in two hours?
I never even showed up for work at Jack’s because it made no business sense to me. I knew I needed something steady to be able to save that kind of money but it wasn’t going to happen working for someone else at minimum wage!
At $3.80 per hour it would take me too many years to get to where I wanted to be in one year.
I sat down and wrote out plans for my business and how much I needed to make. If I could get two steady housecleaning jobs per week, that would match the weekly income I would’ve had at Jack’s but would only take about 4 hours a week.
And, THAT is where my entrepreneurial spirit began.
Cleaning house was something I was good at. Not just good, but a perfectionist. I actually cared that I did a good job.
I know, I know. It was only house cleaning, a maid’s job, as some people call it. But I was making what would have been a weeks salary in just a few hours. That’s what I cared about the most.
Over the years that made it worth it and I increased my pay every so often by increasing what I charged. I charged based on what I felt my current income would have been working for someone else. I developed different skills over the years and would charge based on what those skills were.
I eventually added organizing on as a service which I found to be very useful in the cleaning industry. People paid me big bucks for that skill.
I was making an entire week’s income off of one job sometimes, so I have never stopped advertising that service.
Many years ago, I added on interior decorating. I started out charging much less. I did odd jobs and smaller stuff like picking paint color and helping people shop for items they wanted to put in their room.
I charged by the job or $45 an hour. Then when I developed more skills and talent, I eventually worked my way up to $125 an hour. I now charge $200 for a consultation.
You have to take into account what other people are making, inflation and many other factors. When you’re in business for yourself you have to be sure to calculate in providing your own insurance, expenses, and taxes as well because you don’t have a company keeping track of this for you.
What I didn’t care about was a name tag, a label, or a title that said, “You are important.”
No, what I cared about was turning the business I was in, whatever it was at the time, into something that made enough money to continue to have a flexible schedule and freedom to make my own choices.
At fifteen I was determined to make it without having to labor for someone else. By the time I was twenty-five, I had a small LLC and employees.
Over the course of about ten years, I worked my way up to a little over $100,000 a year. I worked hard to make that kind of money but found the secret to not having to work so hard was hiring employees. Now, twenty-eight years later I have started and helped run about a dozen businesses.
During the years that I had pay-rolled employees was when I realized the freedom an entrepreneur has. I was finally able to sit back and let someone else do the hard labor part while I ran the company from an office perspective.
You are not truly an entrepreneur otherwise. If you are doing all of the hard work you are just simply self-employed.
Even as a self-employed person, the best perk is getting to be the boss, setting your own schedule, and doing your own thing.
A New Leaf
When I became a real estate agent, I enjoyed being in a professional setting when I wanted to be, yet being in charge otherwise. I liked having the freedom to go and come as I please,and always have.
But for some people, the risk isn’t worth the perks. You can read about my experience with the risk of being self-employed here.
One of the worst things I have found with being self-employed is the roller coaster income. Never knowing how much I will make or can depend on.
I did not get out of the real estate business because it wasn’t successful, as I saw a real opportunity for success. I got out because it required much more of my time than I was willing to give to make it work.
The roller coaster income was worse than any other business I’ve ever been in.
Some clients would take months or even years to choose a home. That meant me not having a steady income for quite a while, yet having to give each client the same amount of attention and care.
I wasn’t willing to bog myself down with too many clients as most agents do to make the business work, risk customer service not being up to par because I’m too busy, or having to work seven days a week to make it all meet in the middle somewhere.
After weighing the pros and cons I decided it just wasn’t worth it. I kept my real estate license in case I ever see a need to get back into the biz, but for now I am off to more creative things.
Time is valuable to me and I like to invest it doing things that I feel show my truest nature. One of those things is helping others succeed.
Before starting your own business, you just have to weigh the pros and cons for yourself and I strongly suggest doing so BEFORE quitting your day job.
The best way to start out at being self-employed, which is usually where an entrepreneur begins, is to start a side business. Then work your way up to full-time.
As a mom, I have always preferred to have several side businesses that I can do at my own convenience, since the most important thing to me was spending time with my boys.
After meeting my husband, I really threw myself into my work trying to generate enough income to help him remodel our investment properties and pay our debts off.
Since we have been together, we have paid off over $100,000 in debts, and I no longer feel the need to work all the time, like I used to. It has brought true freedom to our lifestyles.
Now that working full-time is no longer a requirement to get my bills paid, I rest easier. I like to use that time to help others create business ideas and build that same freedom that I have obtained.
I have a never-ending brain bank of ideas for creating companies, brands, and new ways of looking at current businesses. You name it and I can design it or redesign it in my head.
I’ve always thrived on starting and running businesses. If you have read any of my other articles, you’ll know that I live by the “Sowing Method.” What this simply means is I like to give.
When I give to others it plants seeds for my own future, for my own business, and for my own family.
I call it the sowing method because we all reap what we sow in this life. Give first, reap later. I have proven time and again that it actually works just as you would plant a seed in the ground and it grows.
I see other people and their businesses as an investment opportunity; it’s a chance to get seed in the ground of my future. Therefore, I help others grow their business.
If you are considering starting your own business, and have never done so before, I suggest having a mentor or business consultant to help guide you along the way.
I am currently looking for businesses to invest my time into. I offer this particular service for FREE, if you hire me to help with your marketing.
No Excuse for Unemployment
With the internet right at our fingertips, there are many ways to make money and start businesses now days. Work from home businesses such as online stores, blogs, shopper services, and so much more.
My goal here is to give you the encouragement to go for it! This is something you CAN do.
Many businesses that require a degree out in the corporate world, are reachable as an independent contractor. From freelance writing, simple graphic design, creative marketing, and so many more jobs are available that you may be qualified for. I can help you find your niche.
How it’s Done
In 1955 a salesman named Ray Kroc was able to make a good living selling milkshake mixers to small restaurants across the country.
Even though someone else started the McDonald’s restaurant, he ended up being the one with the dream to take it coast to coast. When he came across this business while selling milkshake mixers, he decided to turn it into a corporation.
That one big idea made him a millionaire! He had a net worth of $600 million at the time of his death in 1984.
He perfected the McDonald’s idea, although not his own, and turned that into a chain business. He realized the income potential and that alone was drive for success.
What I am introducing you to today has the same structural backbone. Take something you love to do, something you see the potential in, and turn that into your own business.
But like I said, don’t quit your day job until it is thriving and successful, or until you see a necessity to run it full-time. Even then you can hire managers, marketing experts, etc to help.
Your day job is your back-up plan, so you don’t want to get rid of that until you see that your realized “dream” is actually one worth chasing.
Don’t have time to run a business? No worries, there are people out there like myself that can help you do that.
Don’t have the money to start your own business? There are online platforms that can help you generate the start-up funds needed like Kickstarter, GoFundMe, or angel investors who are looking to help you fund your project or business idea.
One of the many privileges I have had since starting my own business has been getting to meet some of the most wealthy people in Birmingham, Al.
There are rich people who make their money off of funding other people’s businesses. You need to know about this opportunity.
Having your own business doesn’t have to be hard if you have the help that you need to get it started. Fill out the form below and let’s get you off on the right foot.
My mentoring services are free now and forever, if you hire me for other services. By supplying your contact information, you authorize me and/or my creative design company to contact you with further information.