It’s Wednesday and you’re already fed up with your working week. Are you ready for a change? It’s time to start your own business. Have you been thinking about it, but still not sure you’re there yet? We, think you might be ready to take the plunge if you’re showing the signs below. Read below to see if you might be ready.
1.You’ve calculated the risk
You’ve already tested the water – you know what works. You may have even started your side hustle or maybe you’re making a few sales on your blog. Perhaps a number of people have said you need to take this passion of yours full-time. Start up’s are a risky business. Which is why researching your market, audience, challenges and potential rewards are key before you get started. You may already have expertise in the area you are going into or experience from an existing profession. This will lower your odds of failing as you’re more aware of your industry and market. You know it’s riskier than staying in your current job but where’s the fun in that?
2. You’re done with being a cog in a not so well oiled machine
Time and time again you hear of people who are not happy in their job. They feel like a cog in a machine, simply churning over the same work day in and day out. Large companies who are unwilling to change for fear of disrupting their processes are not going to progress at the rate you are. Start your own business and be your own boss- it can be so rewarding. Take control of the decisions you make, test out new ideas knowing that if it doesn’t work it’s ok- just go back to the drawing board. Your career is in your hands. You control how far you progress. You’re only limited by your own drive to succeed.
3. You want to love Monday mornings
You won’t be hitting that snooze button when you’re running your own company. Monday mornings will actually feel empowering as you can get back to working on what you love and start making progress. Think about it – you work for an average of 50 years of your life and spend about 40 hours a week working. So, why not love and enjoy that time and look back on your life thinking you lived it well, rather than counting the clock till you can go home each day. Make money from something you love.
4. You want to learn
If you start your own business it’s a constant learning curve as you discover all the things you don’t know (but need to figure out) in order to go forward. If you’re keen to start teaching yourself the tools you need to progress in your venture, then you’re ready. There are loads of great resources to follow that will teach you snippets of expertise to fill in the gaps that you currently have. To name a few, entrepreneur Tim Ferris and Hubspot are great to look into.
5. You’ve accepted failing is part of the journey
There is a difference between failing and being a failure. Failing is inevitable, it’s part of the path to learning. Your company fails when you have failed to acknowledge failing is something that needs addressing. Opportunities can arise when certain parts of your business may fail as you can assess areas you may have previously overlooked. In the words of Winston Churchill who, if he had given up when he hit failure, it would have resulted in us living in a very different world today – “Success consists of going from failure to failure without loss of enthusiasm.” Start your own business.