a Fedex jet went airborne. Recalling the story of its early days, it reminded me of the challenges of starting as a one person company. Now, they did not start as a one person company but imagine after several ups and downs, having an airline as one of your core competencies today!
Unlike what we are taught in books, I have watched ordinary people build businesses from ashes while growing
up. There were no such things as bank loans available. Anyone who started a business did so to avoid starving. The first time I came abroad and saw someone buy a carton of cigarettes for their own consumption, I was amazed. At home, this would be someone’s livelihood, one stick at a time.
I thought it would be a good idea to outline some of the challenges of starting as a one person company to
give you an idea of what to expect:
- You have to learn excellent time management
- You are the company’s buyer of products, utilities, new technologies
- Money management is key to maintaining the business
- Accounting, Taxes, budgeting will fall to you as even with the new software you need to do regular checks.
- Professional development helps to keep you on the trend with each successive younger crowd.
The term “head cook and bottle
washer” comes to mind. It literally means you play all roles until you can employ other people or get volunteers. So if the floors need sweeping and the garbage has to be taken out, roll up those sleeves!
I don’t like to say it is not going to be easy because that sounds like you shouldn’t try. It is better to say the challenges of starting as a one person company is effortful.
By Paula Barker, Silkie Locks Hair Design
Call (613) 789-2179 For An Appointment If You Are In The Ottawa, Ontario Area.