Flexibility  

This is not an option

I spoke with Jason Feifer, Editor In Chief with Entrepreneur Magazine a couple of weeks ago.  I asked him what he considered to be some of the most important personality traits regarding self-employment.  Without hesitation, he said that a flexible personality. I concur. One of my self-employment quiz questions, asks if the person has a flexible personality.

As a small business owner, you are juggling many balls at once. You encounter problems almost every day.  Your ability to put out the small fires, so they don't engulf your business is critical to your long term success. Also, Jason said the ability  to change course if something isn't working is a must.

 

Posted by Paul E. Casey Saturday, August 5, 2017 10:59:00 AM

RADIO SHOW UPDATE 

Is Self-Employment for You?

FYI

The Self-Employment Radio show will be  returning to KKNW 1150 AM on Monday, September 11, 2017 at 8:00 a.m.

Posted by Paul E. Casey Friday, July 14, 2017 3:04:00 PM

Radio Show Enters Second Month 

I am really enjoying putting together my radio show on KKNW 1150 AM in Seattle.  The good news is that if you want to take a listen you can stream the radio show from anywhere.  

All you need to do is Google or Bing:  KKNW.  Click onto Archives and then scroll down to Is Self Employment for You?  The show is 26-minutes long.

All I try to do on each show, is to increase your prospects for success if you choose to go into business for yourself.  Take a listen and let me know what you think.  

Posted by Paul E. Casey Monday, May 15, 2017 6:15:00 PM

Myth # 5 

Watch Your Competitors Like a Hawk

 

COMPETITORS ARE YOUR BEST FRIENDS

Say you want to start your own accounting firm.  Because of the success of previous  and current accounting firms, you don't have to convince anyone of the value of using an accounting firm.  Your competitors have already done that for you.  All you have to do is carve out your own niche and take it from there. Not only should you not worry about competition, you want them to flourish.  If a scandal and ethics violation occurs in your industry, everyone suffers.     

If your business is struggling, don't blame competition.  Find out what is really wrong and fix it. . 

Posted by Paul E. Casey Saturday, April 8, 2017 6:42:00 PM Categories: self-employment myths

Myth #4 

Self-Employment

The customer is always right.  I'll bet you have heard that a number of times, right? Wrong.  The customer is not always right.  A bad customer or client can cost you your business.  It almost happened to me.  The good news is that 90% of the people out there are a pleasure to work with. Focus on the 90% not the small minority of dead beats. 

Paul  

Posted by Paul E. Casey Monday, April 3, 2017 5:01:00 PM

Paul E. Casey's Self-Employment Tip: Judgment 

Question: Do you exercise good judgment?

Today, I want to address the need for good judgment for successfully sustaining your business.   Nothing has disappeared from the American landscape during my lifetime faster than good judgment. You can read all the books including mine, about starting your own business but in the end your success or failure comes down to whether you exercise good or bad judgment. Unfortunately, like experience, good judgment can’t be taught. By the time you are in your 20’s or 30’s, you have either acquired good judgment or you haven’t.

Unfortunately, like experience, good judgment can’t be taught.

Have you exercised good judgment when you look you back on your life thus far?  Do you demonstrate good judgment in choosing friends and people you like to hang around with?  How about the jobs you have taken or the lifestyle choices you have made?  How many times have your business or personal relationships ended in mistrust or contempt for another person or organization?  We all have some baggage but do you have a history of making bad judgment calls or repeating the same mistakes?

Bottom line: If you feel that you’ve been happy with your choices in life, and if you are a person who has generally exercised good judgment, there is a very, very good chance that you will succeed in self-employment.

If you want to find out about other personality traits that will measure potential success in self-employment, take the 5-minute self-employment quiz.   The higher you score, the higher your prospects for success. Or buy my book "Is Self-Employment For You? 10 Years Later" today.

 

Posted by Paul E. Casey Thursday, November 3, 2016 5:36:00 PM Categories: business tips self-employment tips

Paul E. Casey's Self-Employment Tip: Security = Steady Paycheck? 

Question: Does security equal a steady paycheck?

Today, I want to address the psychological need for a steady paycheck vs. living in fear with the uncertainty of when and where the next paycheck will come from. Many people will not consider self-employment because they live in fear of not having access to a steady paycheck. This is understandable. The prospect of living on a park bench can be daunting.
One of the biggest myths about self-employment is that entrepreneurs are huge risk takers. Most successful entrepreneurs never risk more than they are willing to lose. In other words, we know when to walk away from the Blackjack table. We are prudent with our money and are risk adverse. We keep enough money in our savings account to live on for at least a year, in case our financial projections are off.  If things do not work out, we always have a fallback position.

One of the biggest myths is that entrepreneurs are huge risk takers.

Successful entrepreneurs develop a solid plan of attack (often referred to as a business plan). We keep our overhead low and grow slowly. We are not just trying out self-employment to see if it works. We have made a commitment to a self-employed lifestyle.

Most entrepreneurs are of the mindset that the security of a paycheck or security in life, is an illusion. You can do things to put yourself in a more secure position but none of us knows exactly what tomorrow will bring.

Bottom line: I have interviewed thousands of small business owners. We universally believe that owning your business provides more security than working for someone else.

If you want to find out about other personality traits that will measure your potential success in self-employment, take the 5- minute self-employment quiz.  The higher you score, the higher your prospects for success. Or buy my book "Is Self-Employment For You? 10 Years Later" today.

Posted by Paul E. Casey Friday, October 21, 2016 12:03:00 PM Categories: self-employment success self-employment tips

Paul E. Casey's thoughts on flexibility 

Having a flexible personality is essential for small business success.

Posted by Paul E. Casey Wednesday, October 19, 2016 3:17:00 PM

Paul E. Casey's 8 Self-Employment Myths That Block Your Path to Success 

Facebook, LinkedIn, YouTube, Twitter, Instagram, Wi-Fi, smartphones, Kindle books, etc. didn’t even exist when I wrote my first book on self-employment a little over ten years ago.

When I went back and re-read my original book I didn't know what to expect. I asked myself, "If I wrote the book today, would I tell a dramatically different story? The short answer is "No." Your success or failure will not be based on technology, but on the effort you put into your business and the decisions you make. I want to take a little time to dispel some of the more common myths about entrepreneurship.

MYTH #1: ENTREPRENEURS ARE HUGE RISK-TAKERS
I've found that this not to be true. They are cautious, thoughtful, decisive, organized, focused, and pragmatic.

MYTH #2: SMALL BUSINESSES FAIL BECAUSE OF A LACK OF MONEY
There's a common misperception that start-up businesses fail because they don't have enough capital. Many start-ups fail because they have too much money! (Yes, you read that right.)

MYTH #3: THE FIRST THING YOU NEED IS A BUSINESS PLAN
No. You must make sure that your business concept is valid and is a workable niche. If you don’t, there is not a business plan designed that will save you.

MYTH #4: "THE CUSTOMER IS ALWAYS RIGHT"
High maintenance customers can suck the energy right of your business.  Worse, they may not pay for your services and could cost you your business.  A bad client almost put me out of business early on. 

MYTH #5: WATCH YOUR COMPETITORS LIKE A HAWK
Competitors are your best friends! They validate your business concept and keep you sharp.

MYTH #6: IF YOU HAVE IT IN WRITING, IT'S GUARANTEED
I'm not suggesting that you shouldn't put agreements in writing. But be very careful who you align yourself with. If your client has a problem with ethics, a signed contract will not be enough to protect you from expensive litigation.

MYTH #7: THINKING POSITIVE IS A KEY TO SUCCESS
There's a billion-dollar industry developed around the concept that thinking positive will change an outcome from bad to good. I hate to sound like a "Debby Downer," but this is a ridiculous. Always be thinking worst case.

MTTH #8: FOLLOW YOUR PASSION AND THE MONEY WILL FOLLOW
80% of small businesses fail.  One of the major reasons why the failure rate is so astonishingly high is that too many people buy into this long-held myth. The truly successful entrepreneurs are thinking about their customers needs. If you are thinking about filling a niche and solving a problem your prospects for success will be much higher.

 

Posted by Crista Burlat Thursday, September 22, 2016 4:23:00 PM Categories: business tips self-employment myths self-employment success startups

Paul E. Casey's thoughts on security 

Many people will not consider self-employment because they live in fear of not having access to a steady paycheck. This is understandable. The prospect of living on a park bench can be daunting.

"One of the biggest myths about entrepreneurs is that we are huge risk takers."

Posted by FTSS_admin Monday, January 11, 2016 6:53:00 AM
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