Micro-business magic

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Being your own boss can be very liberating and it can also be laborious. As a result, the magic of micro-business is not always realised. Although finding the formula that suits your style is not easy, it is possible.

The micro-business or micro-enterprise is smaller than small business. If you’re the one who changes the printer cartridge, pays the invoices and manages the business’ website, then there’s a good chance, you’re running a micro-business. Exact definitions of a micro-business vary across continents. In Australia and the United States, micro-business would comprise five or fewer employees whereas in Europe, it could be a business with ten or fewer employees. Definitions can also include a particular level of turnover.

It is more helpful to look at the type of characteristics that micro-businesses share. Typically, the owner has strong involvement in all aspects of the enterprise (yes they change the printer cartridge) and they have a specific skill or product that they actively deliver or produce.

So what does that mean? It means that professional creatives like writers, painters, musicians, architects, hairdressers and graphic designers typically operate as micro-businesses. It also means that people with technical skills like financial planners, bookkeepers, computer technicians and editors; or people with specialised knowledge in management, training, investment, psychology etc are likely to run a micro-business.

So, if yours is a micro-business, where do you find this magic? The magic of micro-business is freedom. There is freedom to make your own decisions about the type of work you want to do. There is freedom to choose how you will run your business. Being your own boss can be a ticket to working and living well.

The downside or the upside, depending on how you look at it, is that with this freedom comes responsibility. That means that it all begins and ends with you, the owner. There is risk that comes with being the business and there can also be reward.

When we start a micro-business, we take the risk of not having an institution that will keep paying money into our bank account every fortnight. There is no sick leave if we’re unwell. There is no paid annual leave. We have to build that into our fees so that we can comfortably take time away from working and ensure that we live well.

A trap for micro-business owners is taking all the responsibility and risk but not enjoying the freedom and reward of being self-employed. Much of what we allow ourselves to do in our business comes from how we think and feel about it and who we are. This means that the business will reflect our fears as well as our dreams.

See this post for tips on how to find some of those rewards: 7 tips for micro-business owners.

Always reacting? Never creating?

It’s easy to burn time waiting when we could be creating.

How much of your time is given to initiating new things? Creating fresh projects, generating new ideas, energising your own projects, your own creativity? 

On the other hand, how much of your time is spent reacting and responding to things that come in from elsewhere? Things created by others – email, tweets, Facebook updates, TV shows, blog posts – all of which can be fuel for the creative process, but how much time do they need?

Always reacting to the outside gives less time for the creative to flow from the inside.

Wellness tip #004: Don’t say yes to everything

Practice saying yes! but don’t say yes to everything. That’s a madness bent on activity; an itch never satisfied.

Saying yes to everything merges activity and need into an addictive cocktail that, once sipped, desires more. It is the bottomless glass that never ends and never quenches the thirst.

Needing to please, to impress, to accommodate, to keep the peace, we say yes when we want to say no. Women do this well. Sometimes too well.

Practice saying no. Some things just aren’t meant for you to do.

But how to know yes or no? Wellness tip #005 (coming soon) ponders that very question.

The Very Inspiring Blogger Award

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The Very Inspiring Blogger Award arrived last week as a wonderful gift from a generous reader who I believe is an inspiring blogger herself. Thank you Sarah Klesko! Sarah writes regularly as Truthlets & Thoughtbits on issues of wellness in spirit, body and mind.

In the spirit of this award, each nominee is asked to:

  1. Thank the person who nominated them and include a link back to that person’s blog
  2. Share 7 things about yourself
  3. Pass the award to 7 nominees.

So what are those 7 things about me?

  1. At this moment I have cuttings of lemon-scented geraniums sitting in a white ceramic pot on my desk.
  2. I’ve travelled to every continent except Africa and Antartica.
  3. I think the sun gets a lot of bad press.
  4. Change fascinates me.
  5. Early morning birdsong is heaven’s recording reaching my ears.
  6. I have manuscripts in the making.
  7. Can I stop at seven? Yes I must. Perhaps I’m disciplined after all.

And now for those bloggers who have and do inspire me for a variety of reasons (in no particular order):

Joanna Penn at www.thecreativepenn.com

Nic Freeman at www.nicfreeman.com

Daniella deValera

Steven Lewis at Taleist

Steve Fogg at www.stevefogg.com

Renee at gardenwithnature

John Soares at www.productivewriters.com

Thank you for your inspiration! :-)

Wellness tip #003: Say yes! and trip the light fantastic

Opportunities arrive and then hesitation pulls up a chair and sits beside us. Old patterns of caution and subtle layers of resistance linger – decisions are delayed, thoughts analyse and check and question and move their familiar furniture around the mental landscape.

In our hearts we know what choice to make, but fear pins hesitation to our sleeve and weighs us down, drags our feet.

Trip with the light fantastic. Say yes! when opportunity arrives. See what happens. Notice the ease of all that unfolds.

Career advice: why missing out on a job might be the best thing for you

Missing out on a job can be disheartening. You’ve put all the effort into preparing your resume, writing an application that addresses the important aspects of the position (or perhaps even responding in detail to specific selection criteria) and taking the risk of putting yourself ‘out there’ into the employment market. And after doing all of that, you don’t even get a response or you get a ‘thank you but no thank you’ reply. It can be disappointing but is ‘missing out’ really such a bad thing?

Getting an interview but not the job offer

But what about if you managed to get an interview and missed out on the job? Interviews require a lot of energy to prepare for and participate in. You start to imagine yourself in the role. You start to invest in getting the job. And then to miss out on the job, to not receive an offer, can be disheartening. We feel a sense of loss and there might be a sense of rejection too. We step onto dozens of mental and emotional landmines that erupt one after another. Why didn’t I get it? What could I have done differently? I should have said this. I shouldn’t have said that! That’s fine if you don’t care about the job, if you weren’t really interested in the job, then no loss. Or if the interview helped you decide that the position or organisation or people weren’t the right fit for you, again no loss. But if you were willing to accept the role should it be offered to you, then that can be disappointing, at least initially.

Getting the job offer and then…

But what if you’ve gone for the interview, been offered the job, accepted the offer and then they say some days later ‘oh no, we can’t go through with it’. Now that’s an interesting one to be faced with and I know of a case where this did happen. By this stage, you’ve put energy into preparing your resume, writing what is obviously a great application, taking the risk of venturing into new ground, preparing for the interview, getting yourself to the interview, participating in the interview, considering the role, receiving an offer, deciding to accept an offer, imagining yourself in the role, preparing for the changes the new role will require, contacting your referees, waiting for the paperwork to come through – phew it’s quite a lot isn’t it – only to receive advice that they will not honour their offer. Now of course, you can step in with the legal perspective and point out that a verbal offer and acceptance represents a binding contract and should be honoured. But hang on, do you want to work with an organisation that recruits like this?

Take heart – opportunities open because we attract what is a good fit

Sometimes, we get saved from what would be disastrous situations. We think we want to get that job or step up to that promotion, but it just might not be the right place for us to be. At the time, these experiences of not getting a job or a promotion can appear devastating, disappointing, disheartening (and I’m sure there are many more ‘d’ words that I could list to describe it, but I think you get the point) but dig deeper, look beyond the surface and very often ‘missing out’ might just have saved you from something that wasn’t going to be right for you.

The Week in Ethics: Gordon Gekko, Trust, and Corporate Culture

Reblogged from Gael O’Brien The Week in Ethics: Columns on Ethics, Leadership and Life :

The “Greed is good. Greed is right” mantra of film character Gordon Gekko in 1987’s Wall Street, has been upended by the actor who played him. The FBI is using Michael Douglas in a Public Service Announcement, launched in the last few days, to encourage viewers to report securities fraud and insider trading to the agency.

Douglas who won an Oscar for his portrayal of Gekko 25 years ago, says in the PSA:” Our economy is increasingly dependent on the success and integrity of the financial markets.”

Read more… 416 more words

"Culture is organic, and therein lies the hope!" ....Despite the appearance of being powerless to change our workplaces, great power rests in each of us cultivating a working life that embraces what we value. And that is cause for hope.

A story from the working week…

Noise, noise, noise as the cars and kids and buses made their way through school hour. Riding to a meeting, I free-wheeled my bike along the road with a tail-wind from the south, fresh after the overnight storm. My hair blew in the wind, my skin soaked up the sun and began to moisten with sweat. The pedestrian light was flashing red but women with prams and toddlers holding hands were still walking and so I swung my bike towards the crossing.

In slow motion, it happened. A bike wheel, a teenage boy, my front wheel, my face squeezing with the impending collision, then – bump! The rubber in our tyres met, our bikes stopped suddenly and a dull shudder ran up the wheel through to my hands as my feet reached for the ground. As quickly as it happened, we both mounted our bikes and rode on.

The woman crossing the road rolled her eyes at me, as if to say ‘kids’ with some expectation that she carried of teenagers being irresponsible and reckless. But it was me, you see, the reckless fifty year older, the menopausal mid-lifer who didn’t keep to the left, who took the smooth course that didn’t follow the rules. It was a harmless bump. No one was hurt. Nothing was said. I wonder if he’s telling the story to his friends like I will. I hope he laughs because I am.

Decision-making: Who knows your business best?

In an earlier post, I wrote about recognising the inner circle of your business community - An essential to business success: your inner circle.

Knowing who brings what to your business is important. Each person will have their own specific contribution they can and do make to your business. How do you sift through all the input you get from these people? What if it differs from what you believe in?

A key is to be clear about what the people in your trusted inner circle can bring to your business and what only YOU can bring to your business.

Your business is a unique expression of you!

In some situations, people in our inner circle know us better than we know ourselves. They reveal things about us that can help us grow as an individual, if we’re open to listening. In some situations though, the view might be based on a strategy or emphasis that just doesn’t fit how you want your business to be.

Trust that you know your business best.

I know of a small business where the owners struggle with how their accountant thinks their business should be. It’s true, they would have bigger profits if they didn’t pay for fitness training for their employees or if they didn’t pay for a group visit to the latest art exhibition or if they didn’t close on Tuesday afternoons to give time to staff training. But all of these ‘costs’ create the internal culture that the owners want for their business. They foster creativity, community and a sense of well-being – intangibles that are valuable to the business and the people whose lives are lived through it. These owners know what they want to create. They make decisions to support that vision and they trust that they know their business best.

So the point is this…

Listen to the inner circle that you have around you and if it’s pointing to a blind side, then listen and act and grow. If it’s diverting you from the way you want your business to live and breathe, then listen, but stay on track – trust that you know your business best.

Wellness tip #002: Remember to pause

Don’t let life become a blur of activities.

Put some space between the things you do.

Stop.

Even it’s just for a few seconds, give yourself a moment to pause.

Feel where your feet are. Let them rest.

Breathe in some air.

Bring your attention to what’s next.

Then, be on your way.

Remember to pause.