“With great power comes great responsibility!” This Spiderman quote says it all – Thank you Stan Lee! –
So, what does it REALLY mean to be your own boss? When you launch a business startup, you WILL be your own boss. That means nobody else will direct, guide or evaluate your progress.
If you take the wrong path or proceed too slowly, it’s up to you to make the corrections. YOU’RE the boss. So let’s take a look at what it means to be your own boss and manage a business startup.
What do managers do? What do they control, expect, and provide? The answers will reveal what you must manage if you wish to be your own boss.
What do managers control?
Effective managers control your output in some way to ensure that it’s acceptable. There are three main parts to your workload which should be properly managed. If you wish to be your own boss, you MUST manage these like a trained and experienced manager.
Managers assign work to their employees. Assignments are doled out based on relevance, capability and workload availability. Is the assignment important? Which of the employees have the skill-set to complete it effectively? Can some of the employees handle additional assignments, or are their plates too full?
In the beginning, you’ll need the skills and capacity to perform all of the work yourself. When you can’t, the work must be outsourced.
Too much on your plate? This is business, not employment. Being overloaded as a business owner is normal. Expect to work 50 to 75 hours per week when everything is running smoothly. When problems arise, put a pillow and a blanket under your desk. Unsolved problems are YOUR RESPONSIBILITY!
Proper task prioritization is key. To be your own boss means it’s all up to you. What task should be completed first? What tasks can wait until later? Then, what task should be next? Prioritize them. If you don’t carefully set your priorities before proceeding, business failure may start knocking on your door!
Most every task should have a deadline – a due date. Clients expect punctual delivery. Market entry must be timed. Scheduling is a big part of assignment execution and the timeline will be set by you.
What do managers expect?
If you wish to be your own boss, you must carefully lay out your own expectations. You must measure your own obligations. And your expectations must be self enforced. To be your own boss means it’s all up to you!
How well are you performing as a business owner?
An honest assessment of yourself should be done regularly. Evaluate the results of your business. Look at the plots and charts. Equate the results to your performance and make adjustments as needed. Discipline yourself and regularly rate your own performance.
Of course your manager will expect you to be on time. Yes, you should be on time when you arrive in the morning. But more than that. Managers expect you to arrive to meetings on time as well. And if you’re meeting with a customer, show up early and be well prepared. Customer service is now YOUR RESPONSIBILITY and should be YOUR TOP PRIORITY.
Your manager will notice if you’re not dedicated to your work! If you wish to be your own boss, a lack of dedication will be disastrous! Be sure you have the tenacity to stick with it.
As schedules and priorities change, your manager will expect you to be flexible. Can you change course quickly? When new, surprise assignments come up, you must be ready for them. There’s no such thing as a successful inflexible entrepreneur!
What do managers provide?
An good manager will provide you with comprehensive provision. They’ll take an active role in your career development. To be your own boss means to ensure you have all of the tools and resources needed to work effectively.
When conflicts arise, your manager will be there for you by mediating the clash. You MUST handle conflict well if you plan to be your own boss.
If you think comprehensive managerial provision is a pipe-dream – if no manager has ever done all of this for you before, you’re in luck.
You control yourself!
You’re the boss of YOU!
As your own boss, provide YOURSELF as many wonderful opportunities as you wish!
Your career as a business owner must be self-guided. Educate yourself by performing research regularly. Every time you hit a roadblock, learn how to overcome the obstacle. Every time you encounter a fork in the road, understand each path and make a calculated decision. To be your own boss means your career path is completely up to you.
How can you get the help you need when you can’t get your work done on time? Normally, your manager will assign some of your workload to another employee or bring in a temp to help with the project. If you’re unable to afford employees or temporary workers, you might consider using a virtual assistant. Elance provides a wide variety of technical resources.
“Elance is where businesses go to find, hire, collaborate with and pay leading freelancers from more than 180 countries. With a community of over 3 million freelancers and 1 million businesses, on Elance it’s easy to hire a top freelancer. Find a developer, freelance designers or other talented freelancers with the most in-demand skills.”
To be your own boss means YOU must provide YOURSELF the tools needed to complete each task effectively. Know what’ll be required before you launch your business startup, as some tools can be very expensive or have long lead-times. Tools include development software, hand-tools, machines or even books. It all depends on what you’re building.
Are you running into conflict with an assistant you’ve hired or a vendor or supplier? Control yourself. Temper your emotions. You must handle your conflicts very carefully. You are at the highest level. It can’t be escalated! It can’t be mediated! There is no management over you. That manager is YOU!