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Running Your Business Article

   

Running Your Business

Updated: July 8th, 2008 05:26 PM EDT

How Safe Is Your Income?

Ron Roberts

When your income is dependent on your availability, your income is never fully safe. Your wealth is threatened. Your happiness is threatened.

Just like there is no such thing as job security for an employee, there is no such thing as income security for an owner/operator.

This thought was driven home to me recently while I listened to an acquaintance's story. He gave me a perfect example of the threat business owners face when they ARE the business. He granted me permission to share his story with you.

Gary owned a remodeling company. He met with leads, priced and sold the work, did the carpentry, oversaw the subs, sent out the invoices, and paid the bills. He was a typical owner/operator.

He loved the work. His two employees were easy to manage. He was his own boss. He set his own hours. His two employees were easy to manage. He didn't have to worry about someone disappointing his client or costing him money because he controlled everything.

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