We love to craft our own ideas to build a niche, and that requires making some hard decisions. Starting a business is one of them. The end game is more than projecting numbers and looking at profits. It could even be leaving your current job and stepping out of the comfort zone. We may often crib about our boring work and horrible bosses. But are we driven enough to do something new out of inner passion? Or are we fearing the kind of risk along the way?
If you’re confused and curious, it’s time to answer 10 very important questions before making the leap. From job to business is not going to be easy, and you have to trust your gut.
1. Are you ready for the bumpy ride?
Leaving behind a safe haven called corporate league and setting foot into an entrepreneurial journey is certainly a risky encounter. Are you actually ready to face the roller coaster ride of this new life? Business is being on your own with nothing to fall back on.
2. Are You ready to take on multiple roles?
You’re soon going to be a boss, and that means wearing multiple hats. You will have to carry our several functions with or without resources at disposal. This is until you start making those leaping gains. The experience of self-employment can prove to be more challenging than that of being an employee.
3. Are you willing to burn bridges for a better tomorrow?
Don’t resign abruptly from your current job. What if your employer could help you with a flexible option? You need to pull off few stunts heroically. A new venture requires breakthrough idea, support and effective execution. Are you ready to stake it all?
4. Are you ready to frequently brush up on your skills?
The market dynamics in the current scenario change within a fraction of a second, calling for changing your strategy on every beck and call. How comfortable would you be to rework on your own products, ideas and services, so they level with the prevailing competition in the market?
5. Are you ready for a new routine?
A business from the scratch is going to take away most of your time, keeping you away from your family, friends and barricading your social life. You will have to evaluate and measure up the odds of risking your personal life to a certain extent in order to make it work.
6. Do you have enough resources for your new venture?
Having an idea is never enough. You are going to need efficient planning, implementation and adequate resources to run the show. Ask yourself the kind of resources that you have to push your venture ahead.
7. Are you ready for the grueling sessions?
Get ready for the grill. From selling the product, monitoring, accounting and even advertising!
8. Are you open to constructive and destructive criticism?
As an entrepreneur, you’ll need to be assertive and accept others’ opinion about your work and products. Are you willing to take in the destructive criticism with grace?
9. Can you ignore euphemistic people or opponents?
Your success may bite your opponents hard. If people provide you with devastating information or hinder your vision, work and career, can you bypass them? Can you actually not give a damn?
10. Do you want this MORE than anything?
If this is what gives a kick, then you must invest in your venture and importantly, your future too. Ask yourself if you’re willing to let go the fancy frenzy of the corporate, and live a more rigorous but fulfilling life.
Are you sure about removing the corporate badge and entering the entrepreneurial space? If you’re still not there, reconsider your options again.