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What it Really Takes to Run Your Own Firm

Businessman on Ladder Drawing Business Concepts on Wall

People tell me all the time “I want to do what you do.” They have some glorified vision of what it means to be an entrepreneur. The day to day grittiness of it is something that few understand. Here’s a view into that day to day.

Entrepreneurship is a great life – as long as you’re prepared for what that means. Running your own firm isn’t all it’s cracked up to be.

The day to day activities are the ones few people understand or appreciate. Add to that the complexity of running as simple a business as possible and you can have a real nightmare on your hands if you don’t know what you’re getting yourself into.

Recently I had occasion to speak with Will Bachman, the founder and Managing Partner at Umbrex about what it takes to run a successful training firm. I guess I’m allowed to declare my firm as being successful considering we just celebrated our 13th birthday and we continue to grow every year.

We discussed my experience as an entrepreneur covering topics ranging from getting your business model right, dealing with clients, and making sure you’re taking care of yourself so you don’t run yourself into the ground.

Listen to the podcast here:

I hope you enjoyed my conversation with Will. I certainly enjoyed speaking with him. If you’re thinking about going out on your own (or if you’re already running your own business) I hope you’ll find these perspectives helpful.

Mike Figliuolo at thoughtLEADERS, LLC

Will Bachman founded Umbrex to bring together some of the world’s most elite consultants. He regularly shares insights on consulting and entrepreneurship on his podcast Unleashed – How to Thrive as an Independent Professional.

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One Response to “What it Really Takes to Run Your Own Firm”

  1. Matt Crill says:

    I’m glad you do what you do because I would not want to do what you do. Even the thought of it makes me uneasy!

    Keep up the great work!

    -MC

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