How to know if you are ready to start a business

Adeline Lupton

Published by Adeline Lupton
Adeline is Editor of SuccessField


2 years ago

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Starting your own business means wearing many hats. You have to be in sales, marketing, finance and human resources. You have to be willing to risk it all while making little or even no profit. But are you really ready to take on the harsh entrepreneurial world?  

Your current job is no longer fulfilling

In every job, you’re going to have good and bad days. Just because you have a few bad days in a row, that doesn’t mean that the only way out is to start your own business. But if through both, good and bad days, you consistently feel like your job truly isn’t what you want to do over a long period of time, it may be time to consider the option of owning your own business.

You have an idea of what you’re passionate about

If you’re thinking about being self-employed, you probably already have an idea. Is it one that you aren’t very interested in, but you think and know it could make a lot of money? Is it one that you’re passionate about, but you aren’t sure of all the details? Believe me the second option is a better sign that you’re ready to start a business. Even if you have a great idea but do not know all the details, if you are passionate about it, you are going to do everything to make that idea happen. The most successful entrepreneurs are ones who begin with passion in their hearts, and if you’ve already found yours, you could be ready to begin.  

People say you have to have a lot of passion for what you’re doing and it’s totally true. And the reason is because it’s so hard that if you don’t, any rational person would give up. It’s really hard. And you have to do it over a sustained period of time. So if you don’t love it, if you’re not having fun doing it, you don’t really love it, you’re going to give up. And that’s what happens to most people, actually. If you really look at the ones that ended up, you know, being “successful” in the eyes of society and the ones that didn’t, oftentimes, it’s the ones [who] were successful loved what they did so they could persevere, you know, when it got really tough. And the ones that didn’t love it quit because they’re sane, right? Who would want to put up with this stuff if you don’t love it?

So it’s a lot of hard work and it’s a lot of worrying constantly and if you don’t love it, you’re going to fail. So you’ve got to love it and you’ve got to have passion and I think that’s the high-order bit. – Steve Jobs

You have a support system

Very few people are able to do it alone. You might be a person who needs friends, family members, resources and mentors who can guide you through the toughest decisions and be there to pick you up when you fall. Your closest need to know your desire for entrepreneurship, and even if they’re not sure about it, they need to support you through the process. In some cases, you’ll have to be ready take on additional jobs in case your business doesn’t turn out the way you expected. In any case, having a support system can help you before you officially start pursuing your goals.

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How to know if you are ready to start a business

Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
+

Starting your own business means wearing many hats. You have to be in sales, marketing, finance and human resources. You have to be willing to risk it all while making little or even no profit. But are you really ready to take on the harsh entrepreneurial world?  

Your current job is no longer fulfilling

In every job, you’re going to have good and bad days. Just because you have a few bad days in a row, that doesn’t mean that the only way out is to start your own business. But if through both, good and bad days, you consistently feel like your job truly isn’t what you want to do over a long period of time, it may be time to consider the option of owning your own business.

You have an idea of what you’re passionate about

If you’re thinking about being self-employed, you probably already have an idea. Is it one that you aren’t very interested in, but you think and know it could make a lot of money? Is it one that you’re passionate about, but you aren’t sure of all the details? Believe me the second option is a better sign that you’re ready to start a business. Even if you have a great idea but do not know all the details, if you are passionate about it, you are going to do everything to make that idea happen. The most successful entrepreneurs are ones who begin with passion in their hearts, and if you’ve already found yours, you could be ready to begin.  

People say you have to have a lot of passion for what you’re doing and it’s totally true. And the reason is because it’s so hard that if you don’t, any rational person would give up. It’s really hard. And you have to do it over a sustained period of time. So if you don’t love it, if you’re not having fun doing it, you don’t really love it, you’re going to give up. And that’s what happens to most people, actually. If you really look at the ones that ended up, you know, being “successful” in the eyes of society and the ones that didn’t, oftentimes, it’s the ones [who] were successful loved what they did so they could persevere, you know, when it got really tough. And the ones that didn’t love it quit because they’re sane, right? Who would want to put up with this stuff if you don’t love it?

So it’s a lot of hard work and it’s a lot of worrying constantly and if you don’t love it, you’re going to fail. So you’ve got to love it and you’ve got to have passion and I think that’s the high-order bit. – Steve Jobs

You have a support system

Very few people are able to do it alone. You might be a person who needs friends, family members, resources and mentors who can guide you through the toughest decisions and be there to pick you up when you fall. Your closest need to know your desire for entrepreneurship, and even if they’re not sure about it, they need to support you through the process. In some cases, you’ll have to be ready take on additional jobs in case your business doesn’t turn out the way you expected. In any case, having a support system can help you before you officially start pursuing your goals.

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