Advice for the Self Employed – Lessons I Wish I Knew on Day One

Small Advice for the Self Employed - Lessons I Wish I Knew on Day One

 

A friend who is considering self employment asked me if I had any advice. Are you kidding?

I’m a fountain of advice!

But I started thinking…what are my biggest lessons or lessons  about being self employed I wished I learned on day one?

That’s not so easy to figure out. So I did some thinking and whittled down my life’s work to the following three pieces of advice.

Lesson #1 – The Captain Can Lead or Go Down With the Ship

When you’re self employed, you are the captain of your ship. This seems obvious. But so many self employed people blame everyone else for their problems. It’s so easy to blame someone else when your business takes a hit. The market is bad, the product sucks, clients are blood-sucking leaches…

I spent too many years blaming other people for my issues. But who is steering this ship? ME!

If the market is bad, find a way to diversify. If the product sucks, stop selling it. If clients are sucking the life out of you…stop working for them!

It seems crystal clear to me now, but I did not understand this until my ship started sinking.

Lesson #2 – Business is Not for Wimps
Here’s a few things I have had to do:

  1. Break up with a client
  2. Chase clients who owe me money
  3. Be extremely nice and professional to horrible people
  4. Lived with daily stress because business was down
  5. Cleaned the bathrooms, done the taxes, fixed computers, and done every job I couldn’t outsource

If self employed people say it’s always wonderful, they are lying. It’s that simple. It’s hard work, scary, and not for those with weak constitutions.

I wouldn’t chose anything else. But I’m never going to say it’s an easy path.

Lesson #3 – Never Stop Learning

Admittedly, I’m the biggest proponent of solopreneur education on the planet. I’m dedicating my professional life to micro business education. But it’s not just higher education I’m talking about.

Education comes in all forms. Take college classes, adult ed, go to conferences, read trade books & magazines, read business blogs & articles…

The point is you don’t want to be ignorant. Not stupid, but ignorant.

Take advantage of whatever resources are available to you. Be open to learning.

I’ve learned from CEO’s and cleaning ladies. And I’ll continue to learn every day of my life.

What Are Your Biggest Lessons?

I certainly could list a few more, but it’s important to learn from each other (see #3!). Do you agree with my list? What are the biggest lessons you’ve learned?

Liesha Petrovich is passionate about micro business education. Doesn’t sound sexy does it? But teaching micro business owners how to create success and freedom is. Learn more at Micro Business Essentials and follow her on Twitter

Share small business news, blogs and social media tips with Project Eve’s community of small business owners and entrepreneurs today. Our contributors come from a wide range of backgrounds; so whether you are a small business owner, social media strategist, financial adviser, serial entrepreneur, or write an amateur blog we urge you to contribute a blog to our 350,000+ community today. For more information, please refer to our Content Submissions Guidelines.

Add a Blog

9 COMMENTS

  1. I believe that avoiding refined foods could be the first step to be able to lose weight. They may taste great, but ready-made foods include very little nutritional value, making you feed on more just to have enough vitality to get through the day. In case you are constantly consuming these foods, converting to cereals and other complex carbohydrates will help you have more electricity while ingesting less. Interesting blog post.

  2. Thanks for your write-up. One other thing is always that individual states have their own laws of which affect house owners, which makes it very hard for the the legislature to come up with a different set of recommendations concerning foreclosures on home owners. The problem is that a state features own laws and regulations which may work in an unfavorable manner in relation to foreclosure guidelines.

  3. I am really inspired with your writing skills as well as with the format for your weblog. Is that this a paid theme or did you modify it your self? Anyway stay up the excellent quality writing, it’s rare to see a nice weblog like this one nowadays..

  4. It is in point of fact a nice and helpful piece of info. I’m happy that you shared this useful information with us. Please stay us informed like this. Thank you for sharing.

  5. I would like to thank you for the efforts you have put in writing this web site. I am hoping the same high-grade website post from you in the future as well. Actually your creative writing abilities has encouraged me to get my own web site going now. Really blogging is spreading its wings and growing fast. Your write up is a good example.

  6. Hi there, I believe your site could be having internet browser compatibility problems. When I take a look at your site in Safari, it looks fine however, if opening in I.E., it’s got some overlapping issues. I merely wanted to give you a quick heads up! Other than that, excellent blog!

LEAVE A REPLY

Please enter your comment!
Please enter your name here