10 Things No One Told You About Being Your Own Boss

Sure, it sounds awesome, but it’s not easy.

1. Your small business probably won’t make a profit its first year.

It takes money to make money, and in your first year, unexpected expenses will be your worst enemy. Be prepared to spend, and don’t get discouraged.

2. Your own private office might be costing you valuable brainpower and experience.

Having your own office may provide an added layer of professionalism, but what you gain in meeting space, you’re losing in cross-company collaboration. Surround yourself with hardworking, devoted companies.

3. Take time for lunch.

Leave your desk, go outside if you can, and eat.

4. Handwritten letters make a difference.

We live in a world of emails where quick responses are essential. But don’t forget the significance of a handwritten letter, especially to those employees or investors that really matter.

5. Build a team that works well together.

Believe it or not, you can’t do everything yourself. Find employees that complement each others’ strengths and weaknesses.

6. Spend some time offline.

Making your own hours actually means working all the hours. Emails and work will never stop, but you need to. Shut down the machine and rest your eyes.

7. Keep track of your receipts.

Tracking expenses is vital and easier than ever with ReceiptMatch℠.

8. Social media can make or break your small business.

Develop a strategy and a tone. Don’t latch on to trends. Think before you post.

9. Build a constructive working environment.

Find artwork that inspires, paint that energizes, and perks that excite.

10. Upgrade, upgrade, upgrade.

Your business will only grow as fast as your Wi-Fi connection.

Presented by American Express OPEN

Earn 2X points on U.S. purchases made directly from select computer hardware, software, and cloud computing providers with the Enhanced Business Gold Rewards Card. Terms and limitations apply. 2X applies to purchases up to $100,000 per year, then 1 point.

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