Pros of being your own Bhoss
1. You’re at the wheel. You make the decisions yourself.
There’s great satisfaction in being able to act on hunches, make guesses, and just do it. Take the risk, spend the money.
We often talk about owning the job as a key to job satisfaction; and when you’re the bhoss, you own it. Not having to ask anybody can mean a great deal.
This is a big deal to me. I’m one of those people (are you also?) who feels safer when I’m driving than when I’m a passenger. Especially in business.
2. You set your own hours.
Maybe you’re an early riser, or you don’t want to work certain afternoon hours to do kids’ activities instead, or your own activities. Maybe you like to work in spurts.
When you are your own bhoss, you eliminate the old-fashioned need to warm a chair for specific hours.
You become responsible for your output, not your hours (unless, of course, you are a service business with clients—that’s in the cons, below).
3. You set your own work style, workplace environment, and (to the extent that you can afford it) workplace equipment.
Some bhosses are better than others at upgrading the technology, choosing the location, arranging for parking, and so on.
How fast is your internet? When you’re the bhoss, that’s up to you.
Do you like a stand-up desk, or any desk? Up to you. A good view? Good coffee in the kitchen? That’s all up to you.
4. You set your own location.
Don’t stay in Cleveland if you prefer Klamath Falls.
Don’t take that frustrating subway commute to Manhattan, stay in Brooklyn. Meet people in Starbucks, or spend every day in Starbucks—why not? You’re the boss. You decide.
Cons of being your own bhoss
1. Your customers are your bhoss.
Over and over, during the decade and a half that I was a sole proprietor consulting on business planning with clients, I ended up late at night, tired, stuck with finishing up a presentation due the next day.
I was never able to go the normal worker’s route, in which you either get it done or have a reason for not having done it. I needed the business, I needed the money, so I wasn’t in charge. My clients were in charge.
Even later in my career, after I’d built a business selling to thousands of customers every month, the customers were in charge.
We need to get the software finished, tested, and published. We needed to keep our website up to date. We needed to meet marketing deadlines, product development, finances, the whole thing.
In a business, the health of the business is your bhoss.
2. Your commitments—to vendors, to allies, to business activities—are your bhoss.
You can’t miss commitments very often and still be successful. Your word is your most powerful asset.
Meetings, deadlines, and promises are commitments. You can’t really run a business without them.
3. If you have employees, there are some ways in which your employees are your bhoss.
You lead, and—whether you like it or not—leadership is as leadership does. Meaning that your employees are watching you.
You can’t do less than you ask of them. You as bhoss is probably the most important factor in so-called corporate (or company) culture.
If you leave early, everybody leaves early.
4. You spend your own money.
Do you see point three in the pros, about you making decisions on equipment, technology, bandwidth, and so on?
Great—but then you have to pay for everything you decide you need. It comes out of your budget, not your employer’s budget.
When times are tough you may need that upgrade; but can you pay for it?
5. You earn what you earn.
You have no assurance of salary and compensation. It all depends on you, your business, your clients, your market, and your business offering.
The sole proprietor, startup founder, or small business owner doesn’t have an employer setting a stable compensation plan. There is no real assurance of how much you’ll have next month.