Do you find yourself daydreaming at work? Do you get bored doing the same thing day after day with little payoff? Is your mind in a constant state of thinking and creating? These all might be signs that it’s time to venture out on your own and start your own business. Becoming your own boss can be an intimidating task. The assurances that came with working for someone else are no longer there requiring a lot of problem solving in the interim. So how do you know if you’re ready? If you experience any of the following, you may need to seriously consider starting your own business.
Your job is no longer fulfilling – Every job has good days and bad days. Thinking you want to start your own business through the bad days is a natural thing to do and not an urge I would encourage pursuing. But if through the good days and bad days you feel like something is missing in your work atmosphere this may be an indicator that its time for a change. Typically people feel unfulfilled in their jobs when they no longer love what they do. This could be because other people in power are calling the shots. If you like the idea of setting your own schedule, empowering leaders, and stepping out in faith on a new business venture this may be the path for you.
You have an idea that you are passionate about – If you are already thinking about starting your own business you probably have an idea in mind of what it will be. Is it an idea that you aren’t very interested in but are certain you’ll make a lot of money? Is this idea your passion project but you aren’t sure what the details are? Believe it or not following your passion should be your number one driving force in starting your own business. If you have already found your passion you may be ready to begin.
You know your priorities – You know what has to get done and what you want to get done and aren’t willing to compromise on either. Setting and maintaining healthy priorities are one of the most important factors in developing a healthy start up company. Do you know what’s important to make you successful? Are you willing to work for those priorities first and foremost? If you have that fire in your belly you are well on your way to becoming your own boss.
You have a product or service with a good market – A great business exists where what you love meets what others are willing to pay for. Does the product you love have a good market? Are their people in your immediate circle that would benefit from this product or service? Before leaving your job and having your own startup be sure that there is a market for what you have to offer.
You have a support system – Few entrepreneurs are able to go at it alone. You are going to need friends, family, and mentors to help you when the decisions get tough. The role these people have in your life is ultimately up to you. This could look like having a spouse pick up some extra income if the business takes a dip or having someone available to run an idea by. Whatever the case may be its imperative to have a support system when pursuing the startup life.
You’re ready to learn! – Starting up your own business is a learning experience. Be ready to learn these lessons through trial and error and take advice where you can get it. Make sure your ego doesn’t get in the way of the overall goal of your company. Just like life, startups are a journey and meant to be a learning process.
There is so much more that encompasses starting your own company but the following is a great place to start. If you feel like you aren’t there yet, consider what it would take to get you there. There is always room for growth so be willing to be flexible and have fun while doing it.