Jun29

Are You Ready To Start Your Own Business?

Posted by Kelly Kirkham

You may have been considering stepping out into the world as an entrepreneur, but how do you know when the time is right?

If you happen to be one of the many who periodically gaze away from your work computer screen and dream of the day you place the ‘Open’ sign on your virtual or brick-and-mortar business, this article is just for you.

Many 9-5 workers grow tired of the middle management monotony, and dream of striking out on their own as a small business owner. It’s quite a big step from employee to entrepreneur, so how do you know when the time is right?

Below you will find a few tips on when is best to begin your startup journey, and how to make the most of your ideas:

Your Idea Is Also Your Passion

Over the years we all have thoughts about what could make a good foundation for a small business, but not all of them stick with us and drive us to succeed. If your idea for an entrepreneurial expedition is also a passion cultivated in your free time, you are already on the right track.
Starting up can be hard, and the passion you feel for your project will keep your work ethic up when the going gets rough. This drive and determination is what will push you ahead of your competition, and compensate for unavoidable setbacks. If this sounds like you, then you might be onto something.

You’re Motivated And Organized

Successful businesses require organization and direction. Building a business out of sweat, tears and passion isn’t easy, and there will be times you need to be in many places at the same time. But with the proper motivation and organization, tough tasks can be made manageable. If you often hear compliments about your never tiring drive and awesome label-making skills, your next path could be your own business as these are both ingredients for entrepreneurial success.

You Feel Stuck

Now, don’t confuse feeling stagnant with being a disgruntled employee. Many employees become frustrated with their current positions, but a change of scenery and/or job title will often ease that frustration. When we say “feel stuck”, we mean that in the river of life, your boat is stuck in the sandbar and you don’t have a paddle – you can’t see any way forward in the job you are in. Many who feel this way will uproot their entire lives to chase an idea with little thought of the consequences. If you feel yourself approaching this grand juncture, your own business might just do the trick, but be sure to put some proper thought behind the venture.

You Think Of Yourself As A Risk Taker

Starting your own business is risky, so you must either be a risk taker or live a life that allows the flexibility of risk. For example, if you just got a second mortgage to add a nursery to your house to fit the twins, you may want to keep that 9-5 for a few years. If your life consists of you and your canine best friend Skip, then let it ride! Small businesses offer no guarantees for the first five years, and if you are looking for stability the entrepreneurial life may not be a great fit right now. On the other hand, if you are in a spot in life where you are looking to throw caution to the wind, then startup city here you come!

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