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So you want to be your own boss? This is
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West Michigan's Morning News, Steve Kelly and Brett Bikita. As
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we mentioned, more than six in ten US adults say
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they'd prefer to be their own boss. But how good
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a boss would you be to yourself? Sarah Schroder is
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a business and life coach on the liveline with us today.
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Thanks for spending time with us on West Michigan's Morning News.
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Absolutely thanks for having me.
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Who's right to maybe step into leadership? Maybe that's the
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big question, right, because just because you sit in your
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office and you don't like being told what to do,
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doesn't mean that this is a smart business decision.
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Well, I mean it's a yes and no. You really
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have to sit and think about it because on the
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one hand, yeah, it sounds great being your own boss,
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but that actually means what you think it means, meaning
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when you wake up, you have to decide what you're
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doing and is it like actual purposeful action or is
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it just busy work and distraction. You have to decide,
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like am I making sales today? Am I being responsible?
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Like I am in charge of the income I'm bringing in?
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So man, I got to get lagged down and into
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building relationships and creating that that pipelines.
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Right, Sarah, what about from a parent approach or grandparents
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that are listening and they have you know, grandkids or
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kids that fall into this category. It's tough because you
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don't want to squash their exuberance to you know, maybe
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own their own business or come up with a creative
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idea because they're seeing that all the lot all the
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time online with TikTok or whatever and these success stories
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for people that are their age. But at the same time,
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there's finances to think about. There's a lot of things.
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It's not just oh I woke up one day and
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I want to be a boss, right right right?
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Yeah, Well, and you know the thing is if you
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want to do it, absolutely do it. But that's a
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great point. You want to understand the why behind why
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you're doing it. So I just had one of this
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girl that I mentor. She went to her parents with
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a business plan, like she went on whatever and like
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figured out how to do a business plan to make
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t shirts, right, And she was trying to sell her
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parents on the idea to invest, but she like put
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in the work behind it to show them, like, hey,
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I mean like, this is important to me. So if
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you have a conversation with a grandparent or a parent
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and really tell them the why behind it, that could
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get them more on board. And it's not just oh,
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because I want to make more money or I want
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to be my own boss. I don't want to be
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told what to do. So if you have kind of
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that game plan, that can help the parents or grandparents
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understand a little bit more where you're coming from.
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And to your point, there's help for that game plan right.
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There are MBAs, there are local organizations that are nonprofit
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that will help you. How many restaurants do we know
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that have failed because there's a brilliant chef who makes
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great food but can't balance the checkbook. Right, you've got
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to know who or market?
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Yep, exactly. And the same thing. I'm a big perton.
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I'm a workout enthusiast and I used to do acrossfit
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and so many people, you know, they love it CrossFit
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and then they open their own brick and mortar and
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it's like, oh, this is a business. I don't get
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just to work out all day and have fun.
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Well, and I guess, Sarah, the last thing is what
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would be your advice too, because college is usually a
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piece of this, although that world is changing too with
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skilled labor and different trades and options of where you
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can go to get the education you need.
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Yeah, absolutely, and I think just be smart about it.
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Absolutely look into it. But talk to people who own
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their own business. See you know what their day to
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day is like. If you're in college, or even if
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you're out, talk to somebody who's been in business for
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a year, who's been in business for five years, for
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ten years, get kind of the gauge of what's going on.
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And then yeah, use the internet right go to I mean,
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shoot on TikTok and on Instagram especially. You can find
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a lot of things that are you know, like behind
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the scenes kind of stuff. But you have to be
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smart about it. I give that a little caveat. Be
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smart about what you're reading and make decisions for yourself.
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Not because oh I'm going to make all this money
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right away, because that's not going to happen. But just
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do your research of people that you know who are
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in business, and that can help you a lot to
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make the decision about what you want to do.
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Business and life Coach Sarah Schroeder, thank you for your
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time today.
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You are so welcome. Thank you,