QUESTION: I have worked for several years as an automobile repair technician. I know this field well and I enjoy my work. I’m thinking about opening my own business. Do you have any words of caution?
ANSWER: We often advise people not to open a bakery because you love baking cakes. If you love baking, get a job as a baker.
The minute you open a bakery, you’ll discover that there is a lot more to running such a business than baking cakes.
Open a bakery because you want to run a business and you happen to have a great cake recipe. We offer the same advice about opening an automobile repair shop.
There are many functions associated with running a business.
Before you quit your day job, make sure that you know how each of these functions is going to be handled. In most cases, the founder will need to be good at doing the primary work of …