Do You Have A Job Or A Business?

Most people that start their own businesses do it because they are good at what they do, they enjoy it, and want the challenge and opportunity to put their individual spin on what they do every day.  In addition, many believe that owning a business leads to having more freedom both financially and in how you spend your time away from work.

Unfortunately, many people who run their own business end up with a job and not a business.  Sure, they probably have employees that work for them, an office or storefront, and their name listed as the owner of the business.  But in many cases, the business would cease to function without the daily interaction of the business owner.  The owner is the only one who knows how to do everything, and insists everything be done as well as they can do it themselves, which usually means they end up doing a little of everything.

One of the keys to building a business that can work well without your constant interaction is to become OK with the idea of having something done 80% as well as you can do it yourself.  Hiring the right people and training them well can put them in the position of being able to do what you’re doing almost as well as you do, which will then allow you to work more on your business rather than in your business.  It will also allow for better balance between running your business and your personal life.

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About Brady Ramsay

Brady is the owner of Ramsay & Associates. He specializes in financial statement preparation and personal, fiduciary and corporate tax and accounting. His professional experience includes seven years' experience for local and national CPA firms before joining Ramsay & Associates in 2006. He has a Bachelor of Accounting degree from the University of Minnesota Duluth. He is a Certified Public Accountant, a member of the Minnesota Society of CPA's, an Eagle Scout, as well as an active volunteer in the community.