What do you do after walking out on your job with no plans?
You buy a coffee shop, right?
At least, that's what I did.
This is the Java House - or, at least, it was.
It wasn't always this run down. It has been neglected since we vacated it.
I'm not exactly sure why we purchased it. I suppose we (my wife & I) were ready to own a business and since this was for sale, we jumped.
It was a great time. We had amazing and loyal customers. The work was enjoyable. Our employees were good - for the most part.
One of the things you have to decide when going into business for yourself is whether or not you want employees. Some businesses, like a coffee shop, are going to require it. If you want to grow into a serious player as a business, you'll need to add talent to help accomplish that.
But it's not without a significant amount of added stress. Being the boss means communicating in ways you may not be skilled at. It means managing expectation - both what you expect from them, and what they can expect from you. It means taking care of them. It means realizing you work for them, not the other way around. And, it means a pile of paperwork.
It means more $$$.
And that last one goes back to my prior post when I talked about cash flow.
Even if you *want employees, you have decide *when you can actually hire them.
In the case of the coffee shop, they came with it. We had to have them.
With a business like photography, they aren't required - and I don't have any at this point.
Either way, if you're going to own a business, you better be prepared to hustle your ass off.
Don't think for one second that you are going to hire a manager who is going to take care of all this stuff and you you're going to sit on the beach. Nor are you going to be able to focus just on the portion of the work that you enjoy.
Not in the beginning. And probably not for a while.
You need the cash flow. You need to build equity. And that means doing as much as you can by yourself for as long as you can. The more you do, the more $ stays in the business.
Here's a segment from when we spent time with a Great Escape Publishing member and our wonderful friend, Theresa St. John. Check out the latest podcast and listen to how Theresa @tstjohnimages approaches her storytelling today. Click the link in our profile for the podcast. #podcast#storytelling#moveforward#livedreams