Thousands of New Zealanders give up their jobs to work for themselves and end up living a life of misery, according to leading business development adviser, Daniel Batten. But writing in his latest Ebook `How to build a million dollar business in as little as 365 days’ he claims a few simple steps at the outset can make all the difference.
Mr Batten who is the keynote speaker at the New Zealand Institute of Management’s Young Executive of the Year Award Ceremony later this month says: ‘Quitting your job and setting up on your own is the dream of so many Kiwis. It is one of the most popular searches on the internet, but it is so sad the number of people who are struggling in business. For the vast majority, there is a huge toll on their families, they make incredible sacrifices and end up being burnt out. Yet they have killed the quality of their lifestyle unnecessarily.
`With the recession ending people are thinking again about leaving their job instead of hunkering down with something they are not happy with. We are a nation of SMEs but although most people start with passion and wanting financial freedom, two years down the track most find they have less freedom than when they were in a 9-5 job. The reason is they hadn’t prepared properly for the transition.’
In the new book Mr Batten advises that having a support network is critical and that this should include a business mentor. He also advocates time spent each day de-stressing.
`I’ve run successful businesses and those that haven’t been as good too and know how it works. In the book I show how the so called ‘soft’ features can turn into a ‘hard’ benefit for the business. Stress kills any relationship and that includes the one with your business. Remember that things such as difficult cash flow, inefficient staff or marketing challenges are not the problem, they are the result. The problem is normally in the business mindset and with help that can be changed for the better.’
Mr Batten who is the keynote speaker at the New Zealand Institute of Management’s Young Executive of the Year Award Ceremony later this month says: ‘Quitting your job and setting up on your own is the dream of so many Kiwis. It is one of the most popular searches on the internet, but it is so sad the number of people who are struggling in business. For the vast majority, there is a huge toll on their families, they make incredible sacrifices and end up being burnt out. Yet they have killed the quality of their lifestyle unnecessarily.
`With the recession ending people are thinking again about leaving their job instead of hunkering down with something they are not happy with. We are a nation of SMEs but although most people start with passion and wanting financial freedom, two years down the track most find they have less freedom than when they were in a 9-5 job. The reason is they hadn’t prepared properly for the transition.’
In the new book Mr Batten advises that having a support network is critical and that this should include a business mentor. He also advocates time spent each day de-stressing.
`I’ve run successful businesses and those that haven’t been as good too and know how it works. In the book I show how the so called ‘soft’ features can turn into a ‘hard’ benefit for the business. Stress kills any relationship and that includes the one with your business. Remember that things such as difficult cash flow, inefficient staff or marketing challenges are not the problem, they are the result. The problem is normally in the business mindset and with help that can be changed for the better.’
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