If you’re sitting at your desk, daydreaming to start your own business or to be a freelancer
You already know that launching a company can be an intimidating process requiring tons of hard work. But the question has been lingering with you day and night. Maybe you’re just unhappy with your current position. Perhaps you’ve always dreamed of opening your own shop or consulting firm. Or maybe you just need a drastic change in your life.
Regardless of the exact scenario, here are signs that you may be seriously ready to start your own business or to be a freelancer:
The lightbulb went off
Lately many are debating whether entrepreneurs are born or made. No matter which side you agree with, perhaps you’ve been aware that you exhibit some classic entrepreneurial traits. Maybe you’re ready to take the leap and start a business ?
Even if you weren’t born that way, you may have later developed some of these traits, such as a driving passion. So if you begin to notice the signs, perhaps you could launch that business of your own.
You’re always thinking
Entrepreneurs never stop cogitating. It’s a blessing and a curse. Should you exhibit this behavior, maybe it’s time to move on from the daily rat race and do something to put your thoughts in motion. And there’s no better outlet than starting your own business.
“It’s not about ideas. It’s about making ideas happen” — Scott Belsky, Founder of Behance
If there’s one business concept that stays with you that you’ve completely fallen in love with, perhaps you could turn it into a reality. Entrepreneurs and business owners are truly passionate about what they do and will do everything possible to turn their vision into a product or service for the rest of the world to enjoy.
This doesn’t mean that you’re socially awkward or don’t know how to ask for help. It means that you’re a problem solver who will try to figure out most problems on your own. Now may be the moment that you feel independent enough to build an enterprise.
You don’t always need something or someone to get you moving. You wake up every morning and do what’s needed. This sense of self-motivation might steer to initiate and carry out a business launch.
Running a business requires plenty of organisational skills. At some point you may want or need to hire some experts, such as accountants or lawyers, but in the beginning you’ll probably rely on yourself to track finances, delegate responsibilities and present ideas to investors. You can’t do any of that without being organised.
You feel a need to help people
Should you feel a strong desire to aid others by providing a product or service, consider it one telltale sign you’re primed for starting a business. This desire to help people enhance their lives can keep you going during the highs and lows of running an operation. I’ve found over the years that the strongest companies emerge from a wish to help the world solve a problem.
“If you don’t work for your dreams, then someone else will make you work for theirs” – Tony Gaskins
You feel stuck at your job
If you dread waking up every morning, then you’re probably unfulfilled. A promotion or another job might abate the problem, but deep within you the prospect of an ordinary 9-to-5 gig just doesn’t excite you. Figure out whether you need to be your own boss or if you just need to do something different.
You feel a need to prove your vision
Let’s say you have an idea but everyone is telling you it can’t be done. What are you going to do about this situation? This experience might be motivation enough for you to try to one-up the naysayers.
You want to make a name for yourself
Several of the greatest entrepreneurs and business owners realised that they wanted something more from life. Steve Jobs knew he was special. If you feel that way, too, then big things could come out of it.
Your field lacks jobs
The economy hasn’t totally rebounded and your industry sector has a hiring freeze. Instead of waiting around or taking a job requiring fewer skills than you have, you are considering setting up your own business.
” If you want to do it, do it now. If you don’t, you’re going to regret it.” – Catherine Cook, co-founder of MyYearbook.
You can afford to take risks
If you’re single or without young children, you probably don’t have to worry about supporting others. Take advantage of this time in your life when you have the chance to be a little adventurous.
” The Rules have Changed, Risky is the New Safe ”
You possess an incredible work ethic
If you don’t mind putting in 12-hour days multiple times a week (as people do when starting a business), then why not put that to work for something you’re really enthused about?
You crave uncertainty
You’re the type of person who thrives when exploring the unknown. So starting a business may be right up your alley. It definitely beats being bored to death by performing that job you’re tired of. I am this type of person and very proud of it.
You always see Potential
No matter where you are or what you’re doing, you always feel the need to make improvements. You now understand that as a business owner, you could realize enormous potential — making money or enhancing the lives of others.
You want to be part of a team
Maybe you just want to build your own team from the ground up with a group of people who share your vision and who are willing to embark on a journey with you.
You hate working for others
If you seriously can’t stand taking orders, loathe your boss and all his (or her) demands, start planning your exit strategy of becoming your own boss.
“You are where you are and what you are because of yourself, nothing else. Nature is neutral. Nature doesn’t care. If you do what other successful people do, you will enjoy the same results and rewards that they do. And if you don’t, you won’t.” ― Brian Tracy, Focal Point
You can’t stand being in the office
If you feel restricted at your current workplace, you could set yourself free and work where you want to work: at your own company.
If you’re tired of having your creative ideas go to waste, then maybe it’s time to get out there and express yourself by setting up the business you’ve always imagined.
You need to inspire
Are you the person whom people turn to when they need advice or a little pick-me-up? And you actually like that role? Owning a business gives you the chance to inspire the people who surround you.
You want to build a legacy for your children
You have kids and are thinking of leaving them something that they’ll be proud of. Even if they don’t want to take over a family business, they could witness how your hard work and dedication paid off.
You’re seeking a new challenge
Maybe you’ve hit a wall at your current position and become extremely bored. That’s not always the best situation to be in if you’re someone looking for a new challenge. Starting your own business is challenging, however, and should fulfill that need.
You’re able to solve problems
Are you the type of person who assumes the responsibility for problem solving? Let’s say the pipes under the kitchen sink come apart and you not only fix it but you make it better than before. Take this as a sign that you can start your own business.
You’re not afraid of failure
As a business owner, you’re probably going to encounter a failure at some moment. If that doesn’t scare you to the bone, then chalk that up as another sign.
You are the average of the five people you spend the most time with. – Jim Rohn
There’s a gap to fill
If you notice that there’s not only a market but also that no one else is capitalizing on a particular dea, then maybe you’re the one to do some disruption.
A pool of talent surrounds you
Whether you just graduated college or are observing your current workplace, you’re surrounded by really skilled people who seem to be wasting their talents. You might be able to entice them to join your startup by offering profit sharing, stock options, a fun environment or eventual advancement.
“Don’t worry about funding if you don’t need it. Today it’s cheaper to start a business than ever.”- Noah Everett, founder Twitpic.
You Realize that you’ll see results
When you’re working for someone else, it can be difficult to see how all your hard work is benefiting the company. If you want to see the direct results of your actions, then running your own business would give you that opportunity.
You relate well to people
Sometimes you just want to get out there and network with other people. Unfortunately, your current position doesn’t allow for that. If you’re a people person, then having your own business would surely give you a reason to network more.
Your job is no longer fulfilling.
In every job, you’re going to have good days and bad days. Just because you have a few bad days in a row, that doesn’t necessarily mean the only way out is to start your own business. But if through both good days and bad days, you feel like your job truly isn’t fulfilling, it may be time to consider owning your own business.
Typically, people stop feeling fulfilled when they aren’t able to do the work they want to do. Often, this is because someone else is calling all the shots. If you’re thrilled at the idea of setting your own schedule, delegating your own tasks, and tackling the work you want to tackle, it may be time to pursue entrepreneurship.
Entrepreneurship is a journey of self-exploration. You may find your real self after working on something you love.
Discover your passions; find one thing that you can work at without looking at the clock. Find something you are willing to work on even if you are not paid for that. You will feel relief. You may find God in that work. It is nirvana for entrepreneurs.
Control your own destiny, or someone else will
Networking with successful people
You will meet new people every day. You will work with amazing people in your industry. You will meet successful entrepreneurs at networking events. You will build relationships with some of the most interesting people on this planet.
Heads you win, tails you won’t lose much
Once you start a company which becomes successful, you will get everything you wanted in life. Unfortunately, more than 90% of companies fail, but you will learn so much in your startup career that any other startup will gladly accept you as part of their journey. Your startup learnings may not be useful for a corporate job, but it will be an asset for another startup.
Don’t be discouraged if the first few phases of starting your own business don’t turn out to be what you expected. Entrepreneurship is a volatile world, but as long as you stay committed to improving your ideas and continue to work hard, you’ll always have a chance to succeed.
Trust yourself. Otherwise, you run the risk of failing before your business even gets off the ground.
So what is your biggest reason for not leaving your job and starting up ?