Do you know how hard it is to get small business people to articulate why they decided to go into business? It's like pulling teeth (and I know, I was just at the dentist's. LOL) Business 101 tells us that we need to know what our ideal customer is and what they want. Makes sense to me. You can't sell to someone if they aren't interested in what you have to offer. Yet, for a small business consultant, that can be difficult.
I periodically ask people why did you go into business for yourself? What do you hope will be the end result of this activity? I can't even get anyone to answer. I put this question up on several Facebook groups (business groups that are FOR entrepreneurs, etc.) and of all the hundreds of members in these groups, I got three answers. THREE.
And those answers could have all come from the same person -- "living the dream." Duh. What does that mean in tangible terms? More time perhaps to spend with family or friends? More money to buy some of the nicer things in life? Each person, I'm sure, that decided to go out one day and start their own business had a specific reason in mind. I know for many in the area where I live right now, those businesses were started because of the bad economy in 2008. People were laid off, lost their homes, and needed something coming in to pay the bills and feed their bellies. Sounds like a plan to me. So, for them, the dream was to get by in many cases.
Another group I have watched start working in the direct sales arena. People know the products usually. There are others there to support them. They think it will be an easy "sales" process. To be frank, and I know this is NOT true for everyone and is a horrible generality (so please forgive me) but is good as an example of many -- they are often women, who have other members of the family who are bringing in an income, and this is a way for them to have pocket money, and a way for them to have some independence and self-mastery. They are what we often call (and guess what, so does the IRS) hobby businesses.
There is also a difference between small business owners and entrepreneurs. Which are you? Do you know? A small business owner (and just to save you from blasting me, yes these are generalities) often is one who works at a job -- they come in at 9 and leave at 5. They put in a days work for a day's pay. An entrepreneur, on the other hand, jumps out of bed in the morning raring to go. Thinking about all the exciting things they are going to do during the day. What new challenges they can find to tackle and how are they going to accomplish it. When I ask entrepreneurs why they got into business, I get answers like to find and conquer new things. To meet new people. To grow bigger and better than I was yesterday. They, too, have a dream, but they are ready and anxious to get out there and see what they can do to accomplish that goal.
I remember wishing on a star when I was a kid -- those wishes turned into dreams and now, through a LOT of hard work, pain, suffering and extreme pleasure, my dream has become a goal which has become a task which is now becoming a RESULT. So, I ask you where are you going? Why did you get started in business? What do you hope will be the end result? I would love to hear from you.