My experience as an incipient PR entrepreneur has confirmed the cliché that being an owner is a ride. However, the ride doesn’t have to be a painful. To that end, perhaps this A to Z guide will help aspiring, budding and/or established PR business owners.

A is for advice. When you run a communications shop, lots of people ask for it. Fewer are willing to pay for it. Strangest is that often those who do cough up the cash refuse to heed it.

B is for billable. If you want to eat and pay the mortgage, you need to make sure this word frequently comes before the word “hours.”

C is for control. When you launch your PR business, you quickly realize you’ve got both more and less control over your existence. It is a peculiar dichotomy that occurs concomitantly.

D is for driven. If you want to succeed at running a communications shop you better be driven.

E is for expectations. You’ve got to manage them, otherwise they'll get the best of you.

F is for friends. On those days when your revenue projections induce heart palpitations, you’ll need a few.

G is for good help. If you find it, don’t take it for granted, pay it well, and frequently ask it how you can help with personal/professional growth.

H is for heaven or hell. Kind of like gaining and losing control over one’s own existence, owning a communications business can be both simultaneously.

I is for I. They say there is no I in team. When the shop is yours, there’s definitely an I in there somewhere. Anyone who tells you differently is full of it.

J is for journalist. My feelings about these folks—both positive and negative—have become more pronounced since opening my business.

K is for Kamouraska Vodka. It’s nice after a stressful day in the entrepreneurial trenches.

L is for life. It’s very short, so if you’re thinking of trying your hand at PR entrepreneurship you probably should get going.

M is for money. As the owner of a young communications business, it’s on your mind all the time.

N is for no. Saying “no” is a skill you need to develop (in any realm of life). It is quite important for entrepreneurs.

P is for payday. Paying your staff fairly, on time, and without fail is non-negotiable.

Q is for questions. When you launch your PR venture, you need to ask other, more established entrepreneurs a lot of these. They don’t all have to be PR pros.

R is for rolodex. Even though no one my age actually owns one of these archaic objects, I’m constantly told that this is why clients pay me. I’ll take it.

S is for shifty. If you run the business, you can get away with being shifty for awhile. Eventually though, taxmen, clients, competitors, and others catch on. Being shifty is not a sustainable policy.

T is for taxes. Per the preceding entry (and Wesley Snipes), you want to make sure you set aside enough money to pay these.

U is for unbearable. If a client is so painful that they merits this moniker, you should fire them. They’re not worth it.

V is for victory. My experience is that victory tastes sweeter when you’re an owner. It also comes in different forms then when you’re an employee.

W is for wheedling. A lot of clients think you don’t have to wheedle or cajole the media into covering their incredibly obvious amazingness. Ownership has made me see that there’s a correlation between the amount of wheedling required to score coverage and the sticker shock resulting from an invoice.

X is for Xanadu. When you own a communications biz and things are going less than well, you might wish to escape to this faraway place.

Y is for you. It’s about you. But it’s also not. Your ability to find the balance will determine the degree of success or failure.

Z is for ZZZZZZZZZs. When you own a communications shop, you can lose them pretty easily. Problem is, they’re important; so exercise and eat right, and you’ll keep more of them.

Anything to add?

A version of this story first appeared on the author's blog Proper Propaganda.