1. INEMPLOYEES I TRUST: You will have to learn how to really “let go” and trustothers. Absentee businesses requireemployees. While you’re working at your regular job, you’ll need someone whocan run the shop. There has to be at least a few trusted workers on site tooperate the business, and it can be a challenge to find them. As a new businessowner, you’ll learn quickly the importance of acquiring the face of yourbusiness – your employees.
2. LOCATION,LOCATION, LOCATION: Learn it, love it, live by it. It will become your mantra. In general, you can’t run an absenteebusiness from your home office. You need to have a place where customers andclients go so they can purchase your product or service. As an absenteebusiness owner, finding the right location to do business will be one of themost important aspects of your business.
3. ANOCTOPUS OWNER: It may only feel like you need eight arms to run things, but you’llquickly understand the true meaning of multi-tasking. The term “absenteebusiness owner” sounds like you’d never have to be there, right? Well, maybenot after the business is up and running. But at first, it may feel like you’reworking two jobs for a little while. It may feel like a lot to bite off atfirst, but the plan is to get through that phase as soon as you can so that youcan transition to a smoothly operating business that doesn’t require as muchtime and attention.
4. LETTHE FUND BEGIN: Funding is always aconcern when starting any business. By nature, absentee businesses cost more toset up and run as employees and location contribute to higher overhead.However, in the case of absentee owner businesses, a working owner has a betteropportunity to get funding when they need it than someone who isn’t working. Alender has more confidence in awarding funds when you’re cash flowing on yourpersonal side, even if your new business isn’t cash flowing itself yet. You’lllearn that a good relationship with a lender can really help when you’rebuilding your business, and is one of the most important relationships tonurture and maintain during your time as a business owner.
Everyopportunity is different for each person. But before you quickly dismiss the idea of becoming a business owner dueto your current job, perhaps investigate opportunities in absentee orsemi-absentee ownership may offer you.

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