It's Your Biz: The Complete Guide to Becoming Your Own Boss

It's Your Biz: The Complete Guide to Becoming Your Own Boss

by Susan Wilson Solovic
     
 

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A New York Times, Wall Street Journal, and USA Today bestseller!

Millions of employees parked in cubicles dream about starting their own businesses. And in today’s economy, countless unemployed professionals are becoming entrepreneurs out of necessity. They may have good skills and ideas, but do they really understand what it takes to

Overview

A New York Times, Wall Street Journal, and USA Today bestseller!

Millions of employees parked in cubicles dream about starting their own businesses. And in today’s economy, countless unemployed professionals are becoming entrepreneurs out of necessity. They may have good skills and ideas, but do they really understand what it takes to build a profitable venture?

As owner and co-founder of the award-winning It’sYourBiz.com (formerly SBTV.com, or Small Business Television), Susan Solovic has years of experience in the small business trenches. In It’s Your Biz she shows prospective entrepreneurs how to sidestep the pitfalls that doom more than half of all new businesses while dramatically improving their odds of success.

The book strips away the usual dreamy calls to “pursue your passion,” supplying the kind of candid, real-world advice readers truly need, such as how to:
• Gauge whether you have the qualities required to succeed
• Prepare for drastic culture shock
• Build a business plan that works
• Focus on providing market solutions
• Choose partners, advisers, and employees wisely
• Promote your business on a shoestring budget
• Protect your company and yourself
• Make the most of bootstrap financing.

From planning and funding to promotion and pricing, It’s Your Biz is packed with the practical, honest, expert guidance that budding entrepreneurs need before they set out on their own.

Product Details

ISBN-13:
9780814416716
Publisher:
AMACOM
Publication date:
10/11/2011
Pages:
240
Product dimensions:
6.30(w) x 9.00(h) x 1.00(d)
Age Range:
18 Years

Read an Excerpt

INTRODUCTION

Why am I writing this book? Because you need it. That may sound arrogant, but it’s true. I’ve spent decades learning—some-times the hard way—what really makes small businesses work. a started my first business when I was 15 years old, and I have always been intrigued by the myriad opportunities there are to use your own resources to make money.

I’ve been a serial entrepreneur. Not that everything I’ve done has been a success, but fortunately I’ve had more successes than fail-ures. And while it is always nice to bask in the glow of my successes,

I’ve definitely learned more from my missteps.

I’ve also spoken with countless entrepreneurs around the world a hearing about and learning from their problems and stories. I’ve delivered keynote speeches and seminars to hundreds of thousands of people with small businesses, and I have listened to their feedback.

I’ve taught college-level entrepreneurship courses, and many of my students have gone on to build successful companies. And as a journalist, I’ve covered countless business conferences and have reported on a plethora of topics related to operating a small business in this country. As a media expert on small-business operations,

I’ve taken on hundreds of topics and answered hundreds of viewer questions. Suffice it to say, I’ve seen, heard, and experienced a lot a whether directly or through others. My goal in this book is to leverage that experience to save you time, effort, resources, and aggravation as you start up your own business.

• *

In the pages that follow, I give you the realities of what it takes to start and grow a successful small business—especially in today’s eco-nomic environment. There are millions of people starting businesses all the time, and millions more who are dreaming about becoming their own boss. All of them have talents, skills, and ideas;

but without understanding certain fundamental business principles a their chances of being among the failed-business-venture statistics are high.

Yes, there are exceptions to every rule, and I acknowledge that sometimes someone simply gets lucky in business; but most entre-preneurs have to work extremely hard. And part of that hard work is seeing past the romantic vision of launching your small business and focusing on the cold, hard reality of what it takes to build a business. The bottom line is: What you don’t know will hurt you.

The recent recession has transformed the long-established business paradigm more dramatically than at any other time since perhaps the Industrial Revolution, which turned traditional employment on its ear. I submit that we are entering a new era in which the majority of Americans will either own a small business or work for one. Large companies will always exist, but not on the grand pre-recession scale. Having learned to do more with less, many big firms will outsource work when it is needed. And who will do that work? It could be you, as an independent worker or operating your own small business.

Meet the Author

SUSAN WILSON SOLOVIC is owner and co-founder of It’sYourBiz.com, a highly successful video news and information site for entrepreneurs. She is a weekly small business contributor on ABC’s Money Matters and a featured blogger on the Huffington Post, AllBusiness.com, Fast Company, Constant Contact, and other sites. The author of several books, including The Girls’ Guide to Building a Million-Dollar Business, Solovic has served on the National Women’s Business Council and the Women’s Leadership Board at Harvard University.

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