Interested in starting your own entrepreneurial journey in health and wellness but unsure what to expect? Then read up on our interview with Thomas Caffrey, Owner of MyoFactors, LLC, located in West Creek, NJ, USA.
What's your business, and who are your customers?
Computer workstation ergonomics designed to prevent or successfully manage a wide variety of injuries, such as carpal tunnel syndrome, tendonitis, and muscle tension, for employees that work at a company facility or for individuals working from home. I have provided these services to many individuals and companies, such as The New York Times, The Wall Street Journal, Dow Jones & Co., and Johnson & Johnson.
Tell us about yourself
I had worked several years in a hospital as an employee, and then one evening, I attended a presentation given by an owner of a successful injury management business. That meeting helped me decide that I wanted to have my own healthcare business so that I could do more of what I knew that I needed to do. That presenter eventually became a mentor for me. My motivation mainly stems from the desire to help people lessen or eliminate their pain and knowing that I can usually succeed in that endeavor. The gratitude people have expressed continues to motivate me.
What's your biggest accomplishment as a business owner?
Well, some of my success may have come from luck or good fortune because I offered one Fortune 500 company a pilot program in which I would work with a small group of its employees, but I would only invoice them my fee if those employees did well from my services. So, they had no risk by trying MyoFactors. Those employees did well, and I ended up consulting for that company's global network. That success led to others, because the next companies knew of that original success and believed they had nothing to lose and everything to gain by hiring MyoFactors--and they were right.
What's one of the hardest things that comes with being a business owner?
The business around the craft. If you decide to build an enterprise around your talent or craft, then you will most likely also need to do record keeping, marketing, billing and collection, human resources, etc. But those responsibilities should not stop you from making your best effort at succeeding to make a livelihood out of your talent.
What are the top tips you'd give to anyone looking to start, run and grow a business today?
- Find a mentor!
- Create a detailed business plan without generalities but with honesty!
- Adapt, improvise, and overcome!
Where can people find you and your business?
If you like what you've read here and have your own story as a solo or small business entrepreneur that you'd like to share, then please answer these interview questions. We'd love to feature your journey on these pages.
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