If the latter is true, you should probably stop right now, before you initiate a huge mistake. Do you have an entrepreneurial spirit? Have you, throughout your adult life, always had the urge to be your own boss, to enjoy the benefits of hard work and fight your way through the challenges? Or do you feel that you’ve been treated unfairly by your last couple employers and feel you could run a business better than they do? If you want to set out on your own, your first task should be to honestly examine your reasons for wanting to run your own company. You could not be more prepared to make this lifestyle change. You have prepared a business plan, including your projected growth plans. You’ve calculated your cost of doing business, and your income and expense projections. You’ve mentioned your plans to friends and co-workers, and several are interested in working for you once you are established.
You’ve approached a few potential customers, with favourable results. You have made the decision to make the leap from being an owner/operator to being an actual company owner. You’ve made a good living and your equipment is either all, or mostly, paid off.
You’ve been an owner/operator for a number of years.
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