Entrepreneurs Are Unemployable So Make Your Business Work

An entrepreneur, typically a small business owner, is unemployable in the “regular” world. Therefore, you had best make your business work. Pay the bills, pay yourself, and retain some earnings.

You are all unemployable, not because you are unskilled, but because it is unlikely you will find a satisfactory job opportunity based on your age, financial requirements, your experience, skills and expertise. Considering the various risk factors any prospective employer would have to weigh, the net result is that you are unemployable. Few would pay what you need and trust that you will be a loyal and long-term employee, that you would take orders and not disrupt their organization.

They are probably correct in harboring this doubt as an entrepreneur cannot work for someone else for long. An entrepreneur is a different type of person and does not have the personality required to be a successful “regular” employee. You are a dreamer, a planner, and a strategist. You lead and do not follow and this is not a good profile for an employee.

Unfortunately, millions of small businesses will fail over the next few years. Those businesses that survive will do so because the owner makes the necessary changes required to successfully navigate this economic meltdown. All others will fail. You need to succeed if you want to continue your independence.

It’s your choice – make the changes necessary. This includes preemptive debt workouts, downsizing, adjusting your marketing program, sales and production program, reducing your inventory and collecting your receivables more effectively. You can implement greater productivity through an incentive-based reward system that applies to all employees. Develop a flat management organization, install a key indicator system and review key indicators and financial statements weekly. Train and cross-train within, create career paths and many other systems that allow a manager to make the best decisions possible while maintaining profitability at all times.

Implement all of this – and most importantly, a preemptive debt workout – while you still have something left to save. You must reduce your debt to survive in these new economic conditions.

If you do all of this before you have drained your resources and are under siege by the bank and reacting to disaster as opposed to leading through change and adjustment, you will survive and possibly prosper even in a meltdown. You will not need to attempt to get “a job” even if you could. You are unemployable. You had best make this business work well – very well. You are unemployable. Trust me, I know.

Even if you are under siege and confronting total loss, there may still be time to preserve the core business, shake off all the debt and reorganize. Not a bankruptcy but a reorganization.

Call me, I can show you how to survive and prosper.