From time to time during the three years running my business the issue of money has come up. Not the lack of it, I've always had enough to get by, but the question of whether my business was financially viable when all was said and done. The answer? I honestly have no idea. To date, I have never sat down and actually worked out how many hours I worked and whether I was running at a loss when I accounted for my hours. I love what I do so it seemed fine not to account for something that is just so fun!
My ex was the opposite. His first question when I would share good news with him on my business would always relate to cash. How much are you making? What is the profit? I used to get so annoyed as rather than sharing in my joy of achieving something personal it always boiled down to money. And, in the world of business, this is the norm.
Well, so I thought. But at the Laura Tenison (MD of Jo Jo Maman Bebe -http://www.jojomamanbebe.com/) lunch today, run by my associate Clare of SE London Mumpreneur Network (http://selondonmumpreneurs.blogspot.com/) she shared the unthinkable - money isn't important to her, job satisfaction is! I couldn't believe my ears as this is what I have been waiting for all my business life - to hear someone so successful in business share the fact that you can create a success built on crazy notions like doing something you love, investing in people, donating to charity.
It made me believe that maybe I could do it too - and wouldn't have to go down the road of trying to make people membership for Motivating Mum (something I have been advised to do but have always resisted) or increase my prices for lunches and events (as I want them to be accessible to everyone).
It also made me realise that there are different reasons people enter into business and it doesn't always have to be about making millions. Although in the pursuit of your passion, you just might make them anyway...
Claire and Elle from Hazy Dayz (www.hazydayz.co.uk) found today really useful. Listening to Laura has reinforced our belief that we should take things slowly but surely and not run before we can walk in our Business. A good business takes time to evolve and succeed and we must enjoy the process and different challenges we have/will encounter on the way.
ReplyDeleteMaxine Lewis from Amplifi said: I think I learnt that you don’t have to be at expert in all things when you start out, naivety can work in your favour!
ReplyDeleteMaxine Lewis, Director
Amplifi Business Consultancy Services
w: www.ampadvisors.co.uk