Modern Business Magazine March 2016 | Page 44

MODERN ENTREPRENEURSHIP Bugger this, I’m starting my own business! 3 T By Justin Fankhauser his can be a pretty exciting time to tell your boss you’re quitting your job to start your own business. This is the day you have been waiting for, finally you are your own boss. You can work when you want, you will make and have all the money in the world, you can do it your way. You won’t be told what to do. Well, I’ll let you in on a little secret. 1 2 Get ready to work 60–80 hours a week when you first start. Your customers will be your boss. 44 ModernBusiness March 2016 You will probably make half the income you were making working for your old boss in the first year. 4 Everyone will tell you what to do, from your customers to your accountant, your bank, the taxman, the list goes on. Now I’m not trying to put anyone off finding something they love and turning it into a business, because I’m all for it. Having a bit of get up and go these days is very hard to f