Telling the truth about SME life today

Thursday, 12 March 2009

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Whizzed up to the local college today to talk to marketing and finance faculties about going into business.

It’s lovely to see that entrepreneurism hasn’t been totally exterminated in the current economic climate. The marketing group, in particular, contained a couple of bright, intelligent students who were clearly set on making a success of their own businesses in the future, with the personality and, on first impressions, the determination to do so.

The group as a whole defined the largest con of running your own business as the risk. They said the largest pros were the huge financial rewards. I’ve come across this strange aberration before that running your own business equals automatic millions.

Well, sadly it doesn’t. At least, it’s doesn’t mean automatic wealth to the many of us who actually receive each year’s accounts with a rather Britain-in-the-Blitz type fortitude, a squaring of the jaw and a firm pronouncement that it will jolly well be better next year.

I know that my business can make a lot of money – two or three months of the year it does! Note to myself to re-mention this to my business coach. I must, must, MUST concentrate more on making moolah!

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