It’s hard being a new business owner.
My whole life I wanted to be an entrepreneur, but I didn’t realize how much stress would come with the position.
You can’t really take an income from a new business until you’re able to reinvest enough revenue to encourage growth and scaling. Imagine if you are trying to build a restaurant from the ground up but the best you can do at first is a small diner with three tables and a single counter. Many of the best take-out establishments in our city are still like this, and I doubt many of them are looking to scale up anytime soon. But if your goal is to build a restaurant from these beginnings, you have to resign yourself to using all of your revenue and reinvesting it back into your business so it can naturally grow. Only after you’ve reached your goal following a few years of growth can you finally start drawing an income from your revenue stream. I needed a better office space because the previous building I was renting in had the worst heating and cooling system inside. Since we have frigid temperatures from October until April every year, it’s essential that my business space has ample heat. The previous building was so cold that I had to provide space heaters for myself and my employees. We were all miserable in that ancient building, so I started looking around for better options. Sadly, that meant paying more in rent to secure a better workspace for my staff. You might hate this kind of decision, but it’s important to ensure you have a thriving business for years to come.