A friend of mine had a dream of opening her own real estate brokerage firm. She has been an agent for quite a while with a company that she really enjoyed. But, it didn’t belong to her.
The thing that struck me about that conversation is that, we as Realtors(r) are already independent contractors. We already work for ourselves, handle our own expenses, benefits, and business structure. In essence, we work for ourselves. Each agent is essentially their own small business. So, this drive to own a brokerage is a bit different than the typical, “I want to work for myself.”
There is a difference between the thoughts – “I want to work for myself” and “I want to be a small business owner.” This is an idea I had never given much thought to until looking at it from the inside.
Yep – from the inside. Karen’s dream to sell homes in Richmond Hill under the banner of her own company is exciting to me. She has picked a great franchise with wonderful opportunities. When the chance to team up with her materialized, I knew it was the right thing to do…but I digress.
What motivates a self employed person to become a small business owner? Some folks can’t help but become a SBO – the field of their choice requires it. Is it about leaving a legacy? Is it personal or professional?
I’d love to hear your thoughts.