How Will You Cope with Self Employment Short

Article Written By: Parfrey Murphy

The time has come: you've decided you are going to set up your own business. You want to control your own destiny, explore fresh challenges, and pursue your dream. But starting up a business is a whole new life with fresh demands and concerns. Are you sure you know yourself, and what you really want?

You don't want a boss telling you what to do. Neither do you want to be dictated to by partners, directors or shareholders. You have set your business course and will steer it in a dogged and determined way permitting no other hand on the tiller. Resisting outside influences means minimising risks. All your decisions will be based on careful consideration. You keep in close touch with customers because you are the only one who has the answers. You will be interested in the subject matter of what you do. Indeed, this interest may well have sparked your decision to 'go-it-alone'. A quiet sense of achievement rather than glorious success will be your goal.

There may well be a long family tradition behind your enterprise. Or perhaps you come from an ethnic group which places great importance on family cohesion. You will draw your confidence and sense of security from the knowledge that you have strong family backing. And your motivation for success in your business will be to improve your family wealth and perhaps carve an important niche for yourself in your local community. It's important for you to keep in touch with your family business network. You may well see the family as your most important resource providing finance, labour, encouragement and advice.

You might well be a chess player. Success is achieved through a series of carefully calculated moves, like a chess player, planning a few moves ahead. You might risk a few pawns on the way but only when you know you can afford to sacrifice them. Although confident of your ultimate success, it is a quiet confidence born of professionalism. You have a lot of energy and you are motivated by the thought of being successful. There is nothing flamboyant in your approach to business. Thinking time is important to you. And while you may work well with other people it will be essential that their ideas are in tune with your own.

You are bursting with ideas, confidence and vitality. You love working with other people so long as they realise that you are the boss. And you don't mind treading on a few toes on your journey to success. You are a hard driver. Success by itself is not enough - you must be seen to be successful and become famous. So you'll need lots of the latest gadgets, a high performance car, glamorous companions and to be seen in the right places. Money is important to you. You'll be seen as a risk taker.

But if your risks don't produce cash they'll certainly produce publicity.

About the Author

Parfrey Murphy - Starting A Business In Ireland. Find more information about Company Formation here.

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