I am blogging on behalf of Visa Business and received compensation for my time from Visa for sharing my views in this post, but the views expressed here are solely mine, not Visa’s. Visit http://facebook.com/visasmallbiz to take a look at the reinvented Facebook Page: Well Sourced by Visa Business. The Page serves as a space where small business owners can access educational resources, read success stories from other business owners, engage with peers, and find tips to help businesses run more efficiently. Every month, the Page will introduce a new theme that will focus on a topic important to a small business owner’s success. For additional tips and advice, and information about Visa’s small business solutions, follow @VisaSmallBiz and visit http://visa.com/business.
Michael Gerber – author of The E-Myth – calls it the “Entrepreneurial Seizure.” It’s that moment when it dawns on you that a business of your own is a great idea. You think about the freedom – financial and lifestyle – that you could enjoy. You start counting the money. You visualize “ringing the bell” at the New York Stock Exchange.
That’s not what happened to me. My husband, Hot Rod the Plumber, had a partner. Sadly, at the age of 33, his partner died. He died from a stress-induced health crisis, after working a 100-hour workweek. Sigh. It took a few months to recover from the loss as this fellow had been his best friend as well as partner. I offered to step in and help my husband. With all my education and experience, I figured it would be a snap to run the family plumbing business. […]