Taking On the Risk of Starting a Business

Starting-a-Business As I organize and lay out medical office items for an upcoming 3 day public sale, memories are side tracking me from getting my job done. Handling each piece, I vividly remember all the time invested in working hard to grow our business, including the saving for purchases of each and every item.

I remember being so excited at the start, had abundant energy, all sorts of  ideas and motivated to move. Having come right out of college, not having anything, and taking on debt was a rude awakening upon entering the real world.  The weight of reality hit hard, knowing that you had decisions to make on a rapid basis, including, getting licenses in order, talking to bankers, suppliers, insurance agents, accountants and learning about scheduling, designing signs/cards/stationary, hiring employees etc.; all a crash course in itself.

Once the day-to-day operations were in order and functioning, things felt better. It wasn’t always smooth, with various hiccups/learning curves to deal with. Eventually things got busier and busier with growing pains that had to be dealt with. More decisions, more planning and more debt. At the same time, your personal life kind of took the back seat, hoping that someday it would re-surface.

Even though busy, you still had to wait for monies to come in, therefore, you had to carefully plan your finances secondary to the responsibility of payroll, taxes and ongoing supply and supportive resources costs. There were days when you felt like you’d never get your head above water. You would see the income come in, then go out as fast as it came in, with none landing in your pockets as profit. I do admit that it was depressing, but there was no time for licking your wounds, as those commitments you signed for, still had to be taken care of and weren’t going away.

Over time, things slowly got better and profits started to role in. You couldn’t let this go to your head and spend irresponsibly, as your business plan still took precedent over everything. There were moments when your staff were taking home more than you were, by the time you were done paying all your bills. Your focus had to remain on building, long-term goals and believing that things will get better. There were a lot of personal sacrifices attached but it was our commitment and we had to see it through, no matter what.

The day did come when things finally got better, but never entirely smooth. As your business grew, the responsibilities grew right along with it. I don’t mean to make it sound like it was all work and no play, as there were benefits. Just owning your own business and being able to make your own decisions was huge. One didn’t necessarily abuse these facts as the responsibilities typically kept the engine running with you driving the car. As time went on, a few excelling people in your employ developed into trustworthy, hard-working individuals who were quite willing and capable to take on management responsibilities, which allowed you a little more free time to get your personal/family life back in the front seat.

Now that we’re currently on the other end of the spectrum after 3 decades, the hardest decision is learning to say good-bye to all the wonderful people you’ve met, worked with and who have become part of your family. Phenomenal individuals who were team players, worked right along side of you through thick and thin and helped build a good living for one another. The memories and friendships will go on even after the doors are locked. As the sold items go out the door, one chapter is sadly closing and another exciting one about to begin. If we hadn’t taken on that risk, we wouldn’t be who we are today and for which we are extremely thankful.

 

 

 

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