So you think you can go pro ? :) #1: Introduction to your new business

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Blog entry by sawblade1 posted 11-15-2010 05:21 AM 1303 reads 5 times favorited 6 comments Add to Favorites Watch
no previous part Part 1 of So you think you can go pro ? :) series Part 2: Until you spread your wings (only then you know how far you can walk ) »

Good evening LJ’s I am writing this blog to be totally transparent about being in business, not so much as what conventional business people teach (this varies locally) or sugar cote and tell you it is easy street, because if it is I still haven’t found the map or the street. But this blog series is to show some of the learning experiences I been fortunate to learn. One of the first things you need to ask yourself is “am I willing to lose” if you aren’t willing to lose things you won’t be very successful, Some of the things I have lost are the support of some of my family, and friends, time, happiness, and some of my sanity!!! Second you must be willing to say no and mean it, Saying no to neighbors, friends, and family when they expect free or low cost labor or materials. Third you must be willing to accept punishment for your choices, Sources come from not conventional sources that you expect but places like your job not liking you running a business on the side, your friends criticizing you for not hanging out, risk of losing your savings, 401k or even your equipment (loans ie:) ! As my friend Diettra put it- people will not always agree with what you do, But you can’t let them determine your destiny or what you do is let them tell you how far you can go.
Make sure before any papers are signed who’s on board, who’s not. Assemble a team of advisers, this can be friends, family, or acquaintances professional or personal who share your vision and are willing to see you succeed ‘
this makes the process easier and lessens failure’s opportunity to creep in :)
As a final thought before I let you go ask yourself these 7 questions that successful business people ask themselve on a daily basis
1. Who am I-( Am I strong enough, Where are my weaknesses, How can I improve them)
2. What do I do- ( What am I in business to do- ie: woodworking, coffee shop)
3. What is going to make me successful at what I do
4. How am I going to accomplish this goal
5. What are my resources available to use to accomplish this goal
6. When am I going to do this
7. Am I willing to accept failing everyday in order to learn

In the next part I will cover how to start from ground zero
until then take care

-- Proverbs Ch:3 vs 5,6,7 Trust in the lord with all thine heart and lean not unto your own understanding but in all your ways aknowledge him and he shall direct your path

6 comments so far

View Hacksaw007's profile


609 posts in 2608 days

#1 posted 11-15-2010 05:43 AM

Good reading, I will keep an eye on this blog. But your faith is a big part also!

-- For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. John 3:16

View TopamaxSurvivor's profile


17574 posts in 3095 days

#2 posted 11-15-2010 06:21 AM

Knowing when to say NO is a biggie if you are going to survive in business; not only to family and friends expecting a dirt cheap deal, but regular customers who expect too much for too little. All of the contractors in my little niche of the electrical world who were competitors in 1985 when I started have long since gone under. Most of them were gone by the early 90s just before the boom years and the dot com easy money.

There are a couple more questions I would add to your list:

How do I get out? Before you get into any deal of contract, find out how to get out of it, even if the only out is 100 % performance on you part.

What are the consequences of failure? Failure to complete the job, failure to perform due to sickness or injury, failure of employees to do the quality work that is expected of you personally doing the job.

-- Bob in WW ~ "some old things are lovely, warm still with life ... of the forgotten men who made them." - D.H. Lawrence

View degoose's profile


7193 posts in 2774 days

#3 posted 11-15-2010 12:07 PM

I too am going to be watching for the next installment… as I am already in business and trying to go pro… I know I have made some mistakes and am always ready to learn…

-- Drink twice... and don't bother to cut... @ For lovers of all things timber...

View billb's profile


113 posts in 2363 days

#4 posted 11-15-2010 03:18 PM

Lots of good information sawblade1. There is only one area that I have a slightly different take on. I definitely agree that you must know how to say no because there are people that will abuse you given the opportunity. At the same time, there are people you would like to help. You definitely have to be careful because you are making a living with your skills but sometimes you want to cut someone a break to help them out. Also, sometimes you want to build things for people you care about. I keep it clear for myself by determining when I want to help someone and avoiding those who are pushing me for something free or cheap. I also consider how I’m treated. Those who value my work and support my activities have an opportunity for consideration, other don’t. Of course, that certainly involves knowing how to say no, as you indicated in your post. I look forward to your future posts. Thanks.

-- Bill, Austin, Texas,

View Bearpie's profile


2601 posts in 2437 days

#5 posted 11-15-2010 06:23 PM

You should also mention that one should watch out for employees undercutting you and quitting and taking the good customer away from you which happened to me. There is almost no defense for this when it happens.

Erwin, Jacksonville, FL

-- Erwin, Jacksonville, FL

View dbray45's profile


3147 posts in 2195 days

#6 posted 11-22-2010 10:08 PM

It is my observation that a person will go pro in three situations—
1.) They have saved enough, have a business plan, and have the business savvy to the point where it makes economic sense.
2.) They have lost their job and the rent/mortgage is due.
3.) They think it will be “fun”

Very few people do #1, most people (in a good economy) may choose #3, but most people get the straw with #2 (especially in a poor economy).

The people that have lost their jobs normally have 300 things on their mind other than starting a business but do this to make a few dollars, pay the rent and bide their time until they get a job. If the business works out, they keep it going and learn the hard way of what to charge, customer service, sales and marketing, in short, building a business. The learning curve is very short and the failure rate is high.

Tell me I am wrong, but from the peole that I have met, this has been the case.

The purpose of your blogs, for the folks that find it, are very helpful and give people a different perspective

-- David in Damascus, MD

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