Issa Asad Gives Tough But Honest Lessons About Owning a Business
Owning a business is hard work. Not only do you have to worry about expenses such as the cost to rent an office, but you also have to worry about how many employees you need, how many you have to have and then after all of that, how many you can afford.
“There are some people who are cut out to be in management positions, and this is what running a successful business is really about in the end: the management,” explained Issa Asad Florida entrepreneur and businessman. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. Here, Issa Asad Gives Tough But Honest Lessons About Owning a Business.
There are certain things that will negatively impact a business that will ultimately be out of the hands of the person who owns it. For instance, look at the auto industry. We have seen the deterioration of the auto industry over the past few decades, and those who are leaders in the auto industry may not necessarily have had anything to do with it.
Many new business owners try to make a go of owning a business with the misconception that it will be extremely easy. Still, others feel that owning a business will be relatively easy because there is not that much for them to do except sit back after they’ve made sure that they have hired all the right people who can step up to the plate and take over. Absentee ownership is popular, but not always successful. In fact, if you plan on owning a business just so that you don’t have to do anything, you may want to rethink the reasons why you were interested in owning a business, to begin with.
Do your research and know the business that you are getting into. For instance, it may not be such a smart idea to get involved in the car dealership business right now due to the economy and a high number of people who are out of jobs and trying to save money. On the other hand, if you’re thinking of getting into the gasoline business where you would own a gas station, etc., then that may be slightly more practical since everyone has to get gasoline at some point or another.
Owning a Home Business Means Working for You
Owning your own business is the dream of Americans. Owning a business from home is a sweeter dream. This type of business cancels out paying for daycare, travel, and commercial real estate.
Running a home business is a very good idea however, there is some cost to it. Not as simple as some think, starting a business, whether in your home or outside it, comes with some complications. However, the benefits rival any small problems that might go with it.
The main benefit for most people who want to start a home business is the freedom of being your boss. People hear that and think it only pertains to those who have had bad experiences with superiors. This is not true as it is always better to work for yourself rather than someone else.
Working for yourself opens doors to career advancement that have been shut previously and guarantees control in decision-making. Rather than always proving themselves just to be given a small raise, the self-employed can earn what they deserve. Someone else who has his or her personal needs in mind no longer determines who much your are worth.
Controlling the product, the business owner has control over the product or service rather than having their brilliant ideas dashed by superiors. How much money they make is decided by the owner who manages the product. How much or how often they work is also their decision.
During the first few months of opening a home business, the workweek will often last much longer than a regular job. However, once the business is established, the workweek could become much less. Being financially able to work whenever the owner wants depends upon the product promoted.
It is easier to get projects accomplished with no boss looming over your shoulder checking every detail of your work. You work at the pace you desire and on whichever project you want. Often, when working for others, petty projects are requested while you could be working on something of more importance.
Running your own home business is not always fun. Frustratingly, it can be hard work to get a business to the point where it is running smoothly. However, the benefits of your labor will be seen personally instead of waiting for the annual review.
Many times in a business like a day care, lawn care, or even website design, the worker who takes care of the product, the children, the park or the sites, sees only the immediate results. The praise often only goes to the owner of the company. The worker hardly ever hears what a great job they did until months later during a review.
Owning your own home business, you hear from the client immediately about the spectacular job you have done. The benefits of seeing the total results and hearing the praise from the client are not the only benefits of owning your own business. The compensation from the product or servicecomes directly to you rather than you only getting an hourly wage and the rest going to the owner of the company.