4 min read
Opinions expressed by Contractor the contributors are theirs.
Despite all the great photos on Instagram, do not everyone is supposed to be an entrepreneur. LikendisLikeship can lead to a life of freedom and benefit the people a business serves. Or, it can be a nightmare if someone is not made for entrepreneurship. It is not a unique choice for everyone.
I took the opportunity to become an entrepreneur at 19 years old. No one in my life at the time was an entrepreneur, so I made the jump without any first-hand knowledge or mentors to guide me. The business reached half a million dollars a year, but I failed it. I did not know what I was doing and I was not ready. I am now 35 years old. My second business – a lifestyle business – allowed me to settle the debt of the first business, which allowed me to sell it.
Today, I have a business that allows me to write, speak all over the world, consult and coach. I love what I do because I was ready for this business. Before you jump into entrepreneurship, you need some certainty. Life is not a film where things work like magic. You can’t be 100% sure of anything in life, but there are six important signs that you may not be ready or ready to go.
1. You are not motivated.
LikendisLikeship is sometimes lonely, but you only get what you put in. The ability to get things done alone is important. You need to be motivated to complete tasks, especially when you don’t feel like it.
If you’re the type of person who needs a boss to tell you what’s coming next, you’re not ready.
Related: The 7 motivated independent entrepreneurs know
2. You have not established the foundation.
Before you consider leaving this stable paycheck, you should have an established foundation. This foundation includes a generous emergency fund – you never know when things will not go as planned. It should also include a solid financial base. Your debt should not be out of control and you should have enough to pay your bills comfortably. The income from entrepreneurship can be sporadic and you want to prepare yourself as well as possible.
3. You are restless under pressure.
The stress of a business can be overwhelming at times. You have to juggle the management of the business while dealing with the pressure from several angles. If you are collapsing under pressure and stress, think about entrepreneurship.
4. You haven’t done enough research.
Whichever business you want to start, research will be required. Before taking the first steps, you should become an expert on what it will take to be profitable. The internet and social media provide an opportunity to do effective research on building a profitable business. To take advantage of.
Related: Why LikendisLikes Should Look For Market Size
5. You have no passion for the business you want to start.
Passion is not enough to build a business, but it is better to believe that it is an important part of the equation. There are times when a business feels like a job. Your passion is what reminds you of what you have. This helps you keep moving forward. If you are not passionate about something, you are not ready for entrepreneurship.
6. Your growth strategy is what someone else has done.
Growing a business can be fun or keep you from quitting. In the event of lack of growth or research, people turn to the copy of a successful entrepreneur. What worked for someone else probably won’t work for you. Each of us is different and so are our businesses. We need to find what works for us where we are. If you plan to copy someone else, you are not ready to go.
Don’t quit your day job if you’re not ready to face the uncertainty of entrepreneurship. I love having a business and the freedom that entrepreneurship offers, but I recognize how difficult this life can be.
Be honest with yourself about what you want from life. Be honest about whether entrepreneurship is right for you and how ready you are. It takes time to prepare. It is very good. It is better to build your dream sideways with a plan than to turn a dream into a nightmare.
Related: 7 key steps for a growth strategy that works immediately