Bill Bartmann Lecture Series – Part 7 – Bill Bartmann Myths Associated with Business Ownership

Bill Bartmann explains the process that entrepreneurs must go through in order to meet their goals in business

Tulsa, OK - Bill Bartmann continued his lecture series by discussing the myths of business ownership. "There are many elements involved with starting and growing a successful business," Bill Bartmann began. "When considering going into business for your self, understand the facts and the myths."

The first myth of business ownership is ‘you get to be your own boss.' "In a way, you do, but in a way, you don't," said Bartmann. "If you are thinking of going into business for yourself just to replace your "jerk" of a boss, think again. Consider your employees, your customers, your lenders and bankers and your vendors and suppliers. All these people will, in a sense, become your boss."

The second myth Bill Bartmann mentioned was ‘you get independence and freedom' to do whatever you want whenever you want to. "This couldn't be more untrue!" Bartmann exclaimed. "You will become very dependent on the success of your business. You may eventually gain some independence and freedom, but at first, be ready for a lot of work. At least you have some free time when you work a 9 - 5 job; when establishing a new business, be prepared to work longer hours, including weekends."

Bill Bartmann covered all the elements to consider when thinking about giving up a job and running a business. He warned his students that the research and preparation involved in going into business is very time consuming and demanding.

Bill Bartmann's final comments were, "Educating yourself in business essentials is crucial to your success. Operating your own business is full-time work, sometimes including weekends and holidays. You must be ready to make a commitment and be prepared to make plenty of sacrifices before you experience the reward that you want and deserve.

Bill Bartmann is a self-made billionaire who has started 7 businesses in 7 different industries. He created the Billionaire Business System, a series of books and seminars that teach entrepreneurs what they need to know about succeeding in any area of business. Visit Bill Bartmann's website http://www.billionaireu.com for real business guidance to succeed even in tough economic times.