We’ve all heard the stats: Countless businesses fail within their first few years, and the reasons why can feel overwhelming and impossible to overcome.
But one of the most common and generally overlooked reasons is this: being highly skilled or passionate about something doesn’t automatically translate into being good at running a business.
The skill-sets are often a world-apart.
If you’re worried that your business isn’t thriving, or you’re scared it won’t succeed, there is a decisive indicator that you can look to maximize your potential for success.
Understanding this one distinction could be the insight you need to course-correct or set yourself up for success even before you even launch.
Imagine this: you’re the best baker in your city, a true artisan. People rave about your pastries, and you’ve earned your place at the top of your craft.
Or maybe you’re a rockstar software developer whose skills are in demand across industries.
You’re tired of the bureaucracy, fed up with your boss calling the shots, and ready to strike out on your own. With your level of skill, surely your business will be a guaranteed success, right?
Wrong.
Here’s the cold, hard truth: being great at what you do is not the same as being great at business. Not even close.
Running a business is an entirely different skill set. Your talent as a baker or developer—no matter how exceptional—falls under production skills.
But the moment you decide to own a business, you need a completely new arsenal of skills, like:
Here’s what usually happens:
You dive in, full of passion, ready to conquer the world. Then reality hits. You realize that running the business side is a full-time job on its own.
But your production duties—the thing you’re best at and love most—are also full-time.
So you end up working 16-hour days, trying to juggle it all. Or worse, you lose momentum because you can’t keep up with the business side.
Before you know it, you’re burned out—or out of business.
If this sounds familiar, you’re not alone. It’s a trap so many fall into because no one teaches us the difference between being the world’s best baker and running the world’s best bakery and we assume they’re at least pretty closely related.
If you’re considering striking out on your own—or you’re already running a business and struggling—take a moment to reflect honestly:
To build a thriving business, you have to think beyond your craft or passion. You either need to:
Because here’s the thing: businesses don’t succeed on passion or skill alone. They succeed when you master the art of running the business.
So before you leap into the unknown—or to get back on track—start by asking yourself if you’re ready to step out of the “producer” mindset and embrace the role of a true business owner. It’s not easy, but it’s the difference between having a skill and building something sustainable, and part of that is building the right partnerships because you really can’t do it all on your own.
And that’s how you go from being the best baker to running the best bakery; learning a lot, and finding the right team to get you to where you can shine in the role that best suits you instead of wearing all the hats all the time, because even if you can at the start, there's always a limit and risks to this one-man-band business model.
DISCLAIMER: This site was thrown together in just 2 days (14 hours) as a temporary fix. It hasn’t been proofread, edited, bug-checked, optimized, localized, harmonized, or flame-tested. It’s also running on a new platform I’m trialing for a client. So, if you’re planning to use any flaws or errors here as some big "Aha!" moment to question my technical skills or abilities—do yourself a favor: rethink that stance and pump those brakes my fren. Thanks!
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