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Post by hayleymcglothren on Jun 9, 2013 22:01:18 GMT -6
Instant MBA: Even If You Fail, 'There's Absolutely No Downside.'
Owning your own business is a very large step. It takes having money to invest in order to get a return. With the economy today, small businesses are struggling to survive the rise in cost of many things. I speak from experience with this subject. My husband opened his own air conditioning/refrigeration business back in 2007 and things were going well for a while. About mid-fall of 2010 things began to fall apart. The economy worsened and people were scared to spend money if it was not absolutely necessary. We were forced to close the doors on the business in 2010 because there just wasn't enough work to cover the costs of owning the business. There are many expenses involved in owning your own business that are not sometimes obvious. In my husband's line of construction work just the insurance and permits that had to be purchased to do a job got expensive. Bottom line, owning your own business is a huge step and should be thought through carefully. When things were good for us they were awesome, but when things got slow we acquired a lot of debt that took a while to pay back. So owning your own business can definitely have it's ups and downs. The key is having enough money to save for the bad times when business is slow. Unfortunately, with the economy crashing at the rate it did, we were unable to obtain that goal to help us get through
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Post by grober86 on Jun 10, 2013 8:13:16 GMT -6
Instant MBA: Even If You Fail, 'There's Absolutely No Downside.'
There is nothing better than getting up and doing something you love everyday for a career. This article hits home with me because I have recently signed a franchisee contract to open a business that is my passion. The franchise itself is in the infant stages only having three locations so far, so this is a big risk to get into. I guess it's like the old saying nothing ventured then nothing gained.
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Post by amberw on Jun 10, 2013 11:55:58 GMT -6
Instant MBA: Even If You Fail, 'There's Absolutely No Downside.'
I love this article. I always try to stay as positive as I can and love everything that I do. So I 100% agree that if you love what you do, you'll love waking up to do it everyday. Even if the business were to fail you must look at it in a positive way.
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Post by Deleted on Jun 10, 2013 15:39:13 GMT -6
Instant MBA: Even If You Fail, 'There's Absolutely No Downside.'
Doing what you love is the best “job” you can ever have. If it is not possible, you can find something that you love in the job you have and work from it to make the job more enjoyable. However, you should be constantly looking for ways to better yourself in order to reach that “dream job” you have always yearned for. For example, the fast food business is not what I plan to do for the rest of my life, but I have talked to my boss and I currently do inventory, cashier key-stroke tracking, time management, etc. to help me reach my goal of being an accountant when school is over. Focusing on these activities helps me with the manual labor aspect of the job and the fact that I go home smelling like grease everyday. Life is short and despising your job can make you lose track of all the possibilites the world has to offer.
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Post by csummers on Jun 11, 2013 13:12:16 GMT -6
Instant MBA: Even If You Fail, 'There's Absolutely No Downside.'
I have not had the privilege of starting my own business, but I can attest to the fact that there isn’t a downside to doing what you love to do. I love what I do in my current job, and have thought about starting a consulting firm, where I would focus on what I do now. What has kept me from jumping in is the high risk involved, and right now, the risk is too great. I have thought about easing my way in, though, which would drastically reduce the risk, and would allow me to keep my current job.
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Post by Michael Miller on Jun 12, 2013 8:15:24 GMT -6
I feel like I lose sleep over this very dilemma. Should I jump out there and follow a dream risking it all staring my own business? Or do I just follow suit and climb the boring corporate ladder? After looking at these two questions it seems like the decision would be a no brainer, but the risk still weighs so heavy. I truly admire successful business owners. He or she and their family took a leap of faith and landed into a wonderful experience for the rest of their lives. Going through the college of business I have read about many success stories in business. I have also read as many or more failures. I guess at the end of the day you can always say you stood for something and made a valiant effort. There is something to be said about that. Wow, after typing this I think I may just have to do it...
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Post by Tracye Yochim on Jun 13, 2013 11:15:15 GMT -6
“There's absolutely no downside”
I agree with the points “If you're passionate about something, go for it, because people are great at what they love and when they're the happiest." and “passion yields engagement, and those fully invested in their jobs are more likely to succeed than those who aren't as satisfied” made in this article. I also feel that if you enjoy what you are doing then it makes the job more fun and how can there be a downside to doing what you enjoy. To spend the majority of your life doing something that you hate doing, will eventually reflect in your work and overall happiness.
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Post by harrisonrainwater on Jun 13, 2013 14:39:02 GMT -6
Instant MBA: Even If You Fail, 'There's Absolutely No Downside.'
There is a learning experience inside of every venture good or bad. If you are passionate about something, you will not fail. If you are not to succeed in the way you had planned, it means nothing more but to find your fault and fix it. You learn to plan around these obstacles and in turn build more upon your original idea. If you are passionate about something, you will enjoy it no matter what direction your company is headed.
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Post by gabrielle on Jun 15, 2013 12:13:10 GMT -6
Instant MBA: Even If You Fail, 'There's Absolutely No Downside'
This article really speaks to me because I would like to one day own my own business! The risk of putting myself out there and taking on a huge financial debt that could follow me for the rest of my life is a scary though. But I decided that it was worth it to take the risk, because if it works out, I get to do something I love for the rest of my life. I would hate myself I if I didn't take the risk and took a safer job, that I did not enjoy. I also agree with the statement that the article makes on how people are more productive doing something that they love. I am currently a manager and I used to love my job, and that made me a very productive person. I was an asset to my store; I handled everything that the restaurant needed to operate. We recently had some changes in authority in the restaurant and things are different. My hard work has been taken for granted and unappreciated. Because I no longer actually enjoy and love my job, I am not as productive or motivated.
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Post by briandavis1 on Jun 16, 2013 12:15:15 GMT -6
Owning a business is a huge step financially and risk. Risk is serious when opening your own business because the risk of failing will always trouble you. You have to be able to handle all aspects of the business and also be passionate about the business to but the time in and make sure it does succeed. Time is very important when running a business. You have to but the time in to understand your weaknesses and the straights of your own business, and be able to formulate ideas on how to run a smoothe and successful business. But over coming the risk and being successful will make you strive and work hard and make you enjoy your work.
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Post by gretchenb on Jun 16, 2013 14:01:10 GMT -6
Instant MBA: Even If You Fail, 'There's Absolutely No Downside.'
Like mentioned in this article, it is very risky starting a new business and the biggest set back is the frightful option of failure. My dad started his business about 5 years ago and had many back and forth thoughts about it for a good while before going through with it. Before he had the obvious fear of failure, but remembering that he loved what he does and had been in the same sort of business for all of his life, made him take the risk of opening the business. Now he runs a very successful business that has been going strong for 5 years and hopefully many more to come.
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Post by lydell on Jun 16, 2013 19:35:19 GMT -6
Doing what you love is always a good idea when it comes to choosing a career. I agree that a person will give endless effort towards something they love in contrast to choosing a career you don't really like but will do to achieve your goal. Starting a business based around something you are passionate for will have its pros and cons as well as its calculated risks. There may or may not be a lucrative market for the product or service in which you are passionate for, which would make success difficult. If you can in fact make a successful company out of something you like, more than likely you will excel with less effort and stress.
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diana
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Post by diana on Jun 16, 2013 21:32:39 GMT -6
Instant MBA: Even If You Fail, 'There's Absolutely No Downside.'
I understand where the author is coming from. They say if you enjoy what you do you'll never have to work a day in your life, or something along those lines, but not EVERYONE has that option. I would love to be a Human Resource Manager. I feel like I've had so many jobs where situations were handled poorly, and the organization that I'm with now has so much potential. I'm at the bottom of the totem pole right now, I would love to become HR manager one day, so that I can fix all of the things that I think are going wrong right now, but if that position is not open, and a slightly higher paying position is, then of course I will take what I can get. I guess what I'm trying to say is, with the economy that we're living in, sometimes you have to make sacrifices, usually temporary, but if I can't get that job that I really want, then I will at least get the one that can pay the bills. Starting a business isn't that easy, especially if you don't have the means. I'm not saying lose sight of what you really want, but in this day, having the security of a job seems more important than taking a risk for the sake of "happiness," especially if you could possibly lose it all.
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Post by meganmossbarger on Jun 17, 2013 9:57:56 GMT -6
I have had several different jobs throughout the years, but none that I have liked as much as my current job. My other jobs have just been a source of income. I dreaded going to work every day. Now that I am happy at my job and don't dread coming to work I am more productive. I think this is similar to owning you own business and being passionate about what your doing. The more you like what your doing the more you want to do it, the more productive you are, and the more money you will make.
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Post by knight2 on Jun 24, 2013 17:45:04 GMT -6
Doing something you love would be very rewarding but how many of us really know what that is? When you are young and right out of high school, you don't always know what you want to do in life. So you end up doing whatever pays the bills. Not everyone has a mom or a dad to pay for their education and not everyone is talented enough to become an artist of any kind. In a perfect world we would all do what we are passionate about.(As long as it was legal) That would be really great.
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