So You Want to be Your Own Boss?

So You Want to be Your Own Boss?

BY:  Wendy Timpano, General Manager, Orillia Area Community Development Corp. (CDC)

It's not very often that someone says they have never thought about starting their own business.  Most people have at least caught themselves wondering if they could, would or might venture into the world of self employment or business ownership.

So, why do few people act on those thoughts?

The thought of starting your own business can be overwhelming to say the least.  The fact that few do, speaks volumes of the challenges and potential risks that can be involved in making their dream a reality.

Before starting a busiess, it is important to recognize and understand as best as possible what challenges and risks an entrepreneur might face.  These will be different in every situation.

There could be financial risks such as losing your savings, or risking the investment of family or friends if they become involved in the business. You also need to consider the risk associated with losing permanent employment or putting your reputation on the line.

Many businesses fail in the ealy stages simply due to lack of preparation and failure to ensure that the necessary resources are available to undertake the business.

But with the right start, a solid plan, dedication and the necessary resources, a dream of becoming your own boss can become a reality.

I once heard someone say that "owning your own business is the ultimate expression of a free and independent spirit".  Business ownership also has its benefits.

Some people like the idea of being their own boss or being free from the restrictions of being an employee.  Some people become business owners for greater control of their own future and others simply want to get rich.

If you have ever considered starting your own business, I invite you to come into the Orillia Area CDC office at 22 Peter St. S. or visit our website at www.orillliacdc.com to find out what resources - financial and informational - are available to help you through the process.

After all, if we can support the building of strong, successful businesses in our community, we will be building a strong, successful local economy.

The Orillia Area community Development Corporation's mission is to support the development of sustainable communities through commmunity economic devlopment and small business activities.  For more information about the programs and services offered by the CDC, please visit www.orilliacdc.com or call 705-325-4903

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