All of us who own and manage our small businesses from home became business owners for various reasons and as a result of varying circumstances. Many did so after carefully making a thorough assessment of their personal and financial situation, others launched a business because they were laid off from their jobs and needed to find another avenue to make money, while others did so because they wanted to be home with their children and needed to have an income.
The website http://www.smallbusinessnotes.com/aboutsb/sbfacts.html notes that America's small businesses…account for 39% of the country's gross national product. However, "The Office of Advocacy defines a small business for research purposes as an independent business having fewer than 500 employees," so for the most part many home-based business may not be included in these statistics. Nonetheless, like any large organization we have challenges and arising out of these challenges we have stress.
Many of us left corporate jobs to start our own home-based businesses so we could reduce stress, or so we thought. Instead, the sad commentary is that we are confronted by different types of stress.As a result, the joy and satisfaction that were visualized have either not materialized or have diminished.
Tomorrow we will consider some of these challenges that are faced by home-based business owners and strategies that may help to reduce stress.