Test yourself, if you ready to start your own business
In this era of globalization, the concept of loyalty among professionals have been reduced several folds. Now, people are more loyal with their profession as compared to their job. The recession has also played its role and now, people are more worried about their jobs. On the job, an incumbent has to face a number of challenges. Someone has a problem with his/her boss or colleague while other may be worried about downsizing or rightsizing, etc. Perhaps, you are also one of them, who want to get rid from such a problems and want to be his/her own boss.
Be aware with the hurdles that are going to come
If
you are planning on such a thing, be aware that it is a huge step. If you did
not plan well, your whole investment would be disappeared in a sinkhole. People
make plans to start their own business. Initially, they have strong commitment
that they would spend every single minute on their business. They feel good as
started daydreaming about their potential successful venture. But, instead of
daydreaming, you have certain important decisions to be made. These are the ten
musts questions that you need to be answer:
- Are you really ready to quit your job?
- Are you ready to sacrifice your holidays, family gatherings, late night fun, etc.?
- Do you have required skills?
- What will be unique in your business?
- Have you ample financial resources to start the business?
- Do you have required workforce and how would you manage it?
- What can you sell or offer to your customers?
- How your product and services would be different from the other?
- What would be your potential/target population?
- Do you want to start it, as a full time or a part time business?
You have to be aware that on the job, you are availing certain facilities and have access to certain perks. You have a fixed salaries and allowances (home allowance, travel allowance, personal and family insurance, etc.). But, if you quit your job, you will lose all the perks and privileges. Being the entrepreneur or a business owner (rather small, medium or large), you have to put a number of caps on a single head. You have to work day and night in order to achieve your personal, family and organizational goals. You must also kept in mind that a number of skills are also must while starting of business but if you don’t have or lake of one or more then starting a new business with all your investment could be a disaster for you. You must be aware that while you start your business, there would be no weekends, there would be considerable amount of anxiety and stress for hunting about orders, fulfilling them and so on.
Make a roadmap today!
One of the most important decision while starting your own business is, either you want to quit your job completely and want to start a full time business or you want to carry on your job with the start of a part-time business. Although, the next chapters will throw light on that however, the major decision is yours. You have to deeply analyse the circumstances and start planning it today. If you are planning to start your own business with your job then your job may also get suffer from it. While answering the above mentioned questions, don’t be over optimistic, try to be realistic. Take a break for a couple of days, sit down and think, if you can do it and are you really ready do it. After getting through all this, if you have decided that you can sacrifice your holidays; you can work till the late hours and you can take the responsibility than congratulate yourself, as you are ready to be an entrepreneur. It is the great time for you to make a roadmap for your business.
Make a roadmap today!
One of the most important decision while starting your own business is, either you want to quit your job completely and want to start a full time business or you want to carry on your job with the start of a part-time business. Although, the next chapters will throw light on that however, the major decision is yours. You have to deeply analyse the circumstances and start planning it today. If you are planning to start your own business with your job then your job may also get suffer from it. While answering the above mentioned questions, don’t be over optimistic, try to be realistic. Take a break for a couple of days, sit down and think, if you can do it and are you really ready do it. After getting through all this, if you have decided that you can sacrifice your holidays; you can work till the late hours and you can take the responsibility than congratulate yourself, as you are ready to be an entrepreneur. It is the great time for you to make a roadmap for your business.
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