"Having your own business". It's a phrase I have heard friends and others use. But what most people think of when they say "Having your own business" is having a business that includes themselves and maybe a couple other guys.
In nearly all cases of companies that have 30 or more employees, the company is founded either by venture capital or through a group of friends/associates who build the business together.
My business I founded on my own. I didn't have partners. I don't have investors. And it's reached a size in which it's the operation of the business has become a job unto itself. When you have 30 some people, it's difficult to keep all aspects together.
Up till this year, I used to pride myself on how low our turn-over was. I could count on one hand the # of people who had left voluntarily over the first 10 years. But when you start to have quite a few people, turn-over becomes a percentage. No matter how great your company environment is, you're going to have some % of people leave each year. I've heard that the typical company turnover rate is 25%. If you have 35 or so people, that's over 7 people per year. I can't even imagine what it would do to us to lose 7 people per year. Even if we keep it down to 10%, that's still over 3 people each year which seems high.
I like the environment that the company has. But I feel like more and more of my time is spent "running the business". I am working on building up our management team further. But in the meantime, I end up doing a lot of the business development duties which, on top of the software development and project management duties means I'm working between 60 and 80 hours per week. I just can't keep doing that forever. I have a family. I have two perflect little sons and a wife that I want to spend time with.
And I don't really care very much about money. Growing up poor has meant that the financial "rewards" of having a company have little meaning. But I can't lower my hours until I build up our management team (particularly in the biz dev area) so that I can work fewer hours. It's also becoming increasingly apparent that it's difficult to find good biz dev people. People who know how to sell and market but have enough technical knowledge to understand the market and the strengths of our product line.
Oye. Just rambling basically.