As an entrepreneur, I absolutely love working from home. I spent my first 10 years working from my car, door to door in sales, and the next 20 in a corner office in corporate. My dream was to turn my vocation into my vacation, so I have created a new work environment that for me is perfect.
I live on a lake and am surrounded by gardens at the end of a private road, so I have peace and serenity. During the long winter months, I lead spiritual life purpose and adventure retreats to Costa Rica. My husband and I even have a villa in Panama five weeks out of the year…again, surrounded by rain forest, ocean and serenity.
This was no accident. My husband and I have worked very hard over the years to be able to live this lifestyle today. We created our first financial plan in our 20s, began investing into our retirement plans, and have been very thoughtful about our relationship with money.
Through my husband’s career, he has provided the health insurance and his retirement, includes a pension plan. These have been a foundational piece of our financial planning. This gave me the opportunity to take more risks and become an entrepreneur.
I think owning a business is one of the best ways to create wealth. It is not, however, for the faint of heart or for those with little or no funding. Studies show that many women use their savings, even 401 (k) plans where they are hit with penalties and taxes or even their credit cards to fund their businesses. To do this right, it will take planning, time and money to create a truly successful business.
Almost every successful entrepreneur has experienced all or most of these steps in creating a successful business:
- Worked very, very hard doing what others refuse to do to make it work.
- Stepped out of their comfort zone and take risks.
- Hired a consultant or coach who so they could “learn the system” saving years and years of trial and error.
- Experienced huge failures, lost money, made money, lost it again — but they did not give up, and they finally figured it out.
According to GoForFunding, many women entrepreneurs are an average age of 40-60 years old because they have had previous careers in other areas. Their primary goal is not monetary reward but rather personal satisfaction and community involvement. Many of them are educated and assemble into groups in order to pool business ideas and resources together. This is the idea behind our free Smart Women’s Coaching Community. You don’t need to do this alone. If you aren’t a member of our free community yet, you can join us now by visiting SmartWomensCoaching.com
Being an entrepreneur is very rewarding. I believe it’s one of the best ways to actually get paid to do what you love while making a difference in the world. The secret is:
- creating systems
- leveraging a team
- and creating a business that can run without you or at least virtually!
If you want to talk about your dream, feel free to schedule a complementary session with me at www.talkwithkatana.com This is my passion, and my purpose in life so I’d love to hear from you!