Are You in it for the Long Haul?

It’s no secret that the majority of small businesses close within the first year, and very few make it to three years. Since launching my business in 2002, I’ve seen many people come and go from the field of professional organizing.

25 Year BannerDoes this mean that all of these businesses failed? Not necessarily! After all, not everyone opens a business with the intention of making it a full-time career. When I started mine, I saw it as a way of picking up some extra money in my spare time by doing something that I enjoyed. Over time I realized that this was what I wanted to do with my life, but it wouldn’t be uncommon for others in that situation to “drop out” if lifestyle changes meant they no longer had time to run a side business, or if they just lost interest.

Then we have people who start businesses because they’re between jobs and are strapped for cash – they will often abandon the business once the right employment opportunity comes along. A similar situation arises when parents choose to stay home with young children, but need a way to generate some income for the family. Once the children are older, they may return to the regular workforce.

What about you? Do you see your business as a temporary source of income, or is it your career? The answer to this question will have an impact on nearly everything you do!

If you want your business to survive and provide you with a steady income in the years to come, you need to work hard to make it happen. Here are a few things you need to do on an ongoing basis to ensure your ongoing success:

  1. Invest money in your business, whether it be for marketing, continuing education, or memberships in networking groups and professional associations. If you need help deciding the best ways to use your funds, consider working with a business coach – another great investment!
  2. Read books, blogs and articles related to your industry and to business in general.
  3. Spend time networking every week, with people in your own field, with people in your target market, and anyone else – you never know who they might know! Online networking is great, because you can do it at whatever time suits your schedule, you don’t have to dress up or spend time and gas money driving to various locations, and you can connect with people all over the world. But make sure you attend in-person networking events too, because there’s nothing like personal contact to build relationships.
  4. Position yourself as a professional, and don’t be afraid to charge what you’re worth.
  5. Treat your customers with respect and always remember that without them, you wouldn’t have a business at all.

Are you in it for the long haul?

If you like this, please don't keep it to yourself!
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3 Responses to Are You in it for the Long Haul?
  1. Diane
    May 25, 2009 | 8:34 am

    Good post, Janet…

    I started with one Company in September 2004 and the one I am currently running as a side business in January 2005. The first business just didn’t work out but I am now in my 5th year with ALTERNATIVE OFFICE ASSISTANCE.

    Your points above are extremely important. If you discover that you truly want to own and operate your own business, never look back and be prepared to work very hard and invest in it’s growth.

    At times, I doubted whether all my hard work would bring success but perseverence does show results. When I think back, I did have times where I doubted my choice to pursue my own business and thought about returning to the workforce but, in the end, I wasn’t about to waste all my efforts and everything I have learned. I love what I do and how I have grown along with the business. Giving it up for an offer to go back to the general workforce again isn’t even an option anymore.

  2. Alex Fayle | Someday Syndrome
    May 25, 2009 | 8:45 am

    I’d consider my organizing business one of those businesses that didn’t make it to the 5 year mark, but that was because by nearly 5 years I realized that hands-on organizing wasn’t what I wanted to do and the education model I was putting together wasn’t viable given my contact base.

    Now I’m onto my second business and I have no idea if it’ll make it to the 5 year mark because I honestly don’t know what’s coming up next. I’d like it to, but I’m willing to entertain the idea that something else might change my mind along the way.

  3. Janet Barclay
    May 25, 2009 | 12:02 pm

    Diane, congratulations on approaching the five-year mark! I think you’re now what I heard someone call “psychologically unemployable” which is pretty cool in my books!

    Alex, deciding not to continue something you don’t enjoy is a different kind of success, don’t you think?

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