A day in the life of a small business owner: The secret of success

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A day in the life of a small business owner: The secret of success -

Zane Benefits is committed to helping small business owners across the United States in finding new ways to help you run your business more efficiently.

Because we know how shared knowledge and advice between small business owners is, we go out into the community for you bring real stories of local business owners. In a small owner of a business interview this week, I had the pleasure of talking with Mike Burton, owner of Majestic Payroll Services, share challenges, joys, and advice about have a small business.

Mike's story

Like many small business owners, business Mike started off in very humble circumstances. In fact, Mike Small_business_owner_secret_to_success_mike_burton started Majestic Payroll his own bedroom. He said. "It was the shortest route I've ever had"

When starting Majestic Payroll Services, Mike did a side job to build its customer base . Just a few years later, Mike was able to rent an office space and, with time, he was able to buy an office he might sublet to other small business owners. Mike recently bought a second office to expand his business.

Although Mike started his small business solo and did all kinds of jobs he could find, he was able to transform in an established small business well in her community with 9 employees and growing.

The rewards of owning a small business

Like Mike and I were talking about different benefits of owning a small business, he said "I think I can be in charge and make decisions that I think for the welfare of my employees and customers really are all worth sentence. "

and although Mike agrees that being a small business owner does not mean you have all the time in the world, he says, "It's nice to have flexibility. Rather than go into a job where I could be said that I can not attend the various stages of my children, I can make my family and my employees families lives a priority "

Related :. 10 Simple How to help employees find work-life balance

Mike emphasis on family take me to ask him why he started his business. He responded by saying, "You know, I fully believe in honesty. And for me to feel I was working in a company with honest dealings, I should be able to start my own. Not because other companies are not honest, but because if I was the one to oversee things, I knew I could make honesty a priority. "

Mike honesty earned him a reputation of being respected and well known in his community.

Challenges

course, no small business owner is immune to the challenges, and Mike says that he often worried about finances.

Mike wanted to be sure that his small company doing enough to support his family, his company and its employees. and although there were times when he was not quite sure if everything was working, he always has. Mike attributes to its core value of honesty.

When I asked Mike what other challenges he has encountered over the years, he noted "There had great companies that have tried to close my business in many ways. They tried to make trouble staying in business. But we were together, continued to work our best, and we are here today. "

Mike Another challenge faced is hiring." It is difficult to instill in an employee of your passion and love for the company and its customers, "he said. "I often find wonder how I can do to ensure our customers are all treated equally. When I praise, I must remember this and look for employees who treat each client as I would"

Related :. How to hire the first time

The last challenge Mike and I talked about was whether or not offering health insurance was difficult for him. He responded by saying, "Actually, I do not offer health insurance. It's too expensive. Instead, I pay my employees a little more so they can use it on health insurance. " This approach gives control of Mike costs, and provides a flexible health benefit for its employees. " Until now, they were okay with it. Most of my employees are women, so it is common for them to have health insurance through the employer of their spouse, "said Mike.

Tips

Before ending my time with Mike, I asked him what advice he has other small business owners or entrepreneurs who are looking to start their own business. Mike willingly gave his opinion saying, "As a small business owner, it is important to make sure that everything you sell is in demand and it is a good product. You must be able to make a profit somehow. "

Mike added:" To really succeed, you will need a competitive advantage You need something that helps you stand out among other businesses like yours. "

Related :. Why Small Businesses Fail - How to remain competitive and succeed

Finally, before our conversation to a close, Mike expanded his advice by saying that his success secret is: "If you decide to make a day better in any other way possible, even if it's not related to your business, they always come back people like to feel good and cared.."

years Mike has enjoyed success by living its philosophy. And if nothing is ever perfect, there is always optimistic and looking forward to a bright future for Majestic Payroll Services, the community it serves, and its employees.

Key Takeaways from the interview with Mike

  • you and the lives of your employees are out of work a priority - be flexible.

  • Hire employees that convey your passion and love for the company.

  • The secret to success: be honest and raise someone's day, every day

What questions do you have about my interview with Mike.? Comments below.

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