While you are jumping for Joy about the idea to leave your present status of being an employee of an organization or company for the smooth thinking scale of the entrepreneur journey, there are things to put into consideration before leaving.
Truly, we have read books or materials that painted colourful images of being your own boss, its a good thing though i mean you won't be bossed around in frustration serving tasks but before quitting for that dream BYB here are some scenarios that will put you at a disadvantage if you don't address them before you leave your 9 to 5:
1. Do you still think like an employee? Have you developed the habits of mind to think like a business owner? Are you prepared for the isolation, to make tough decisions about your priorities, time, and money? Have you been actively learning the skills and traits that differentiate a business owner from a hobbyist? Have you planned out the goals and marketing strategy for your business or are you jumping out of emotion - the excitement of having a new idea. Take the time to understand the many hats that a business owner has to wear and the strength of mind it takes to persevere through the rough spots of being your own boss.
2. Are you moving because you hate your job?
This is about the emotions and experiences that might be driving you to start your own business:
If you're in a bad work environment, chances are you may feel depressed, irritated, and frustrated - you are emotionally drained. Making a transition when your emotions are in such a frail state is a bad move. You will lack the energy and clear vision you need to make wise decisions. Also missing will be the confidence and resiliency required when challenges arise.
If you're in a bad work environment, chances are you may feel depressed, irritated, and frustrated - you are emotionally drained. Making a transition when your emotions are in such a frail state is a bad move. You will lack the energy and clear vision you need to make wise decisions. Also missing will be the confidence and resiliency required when challenges arise.
It can be hard, but restoring your emotional health before you step away from your job will increase your chances of starting and staying strong. It will also ensure that the bad feelings about your current job are not clouding your judgment about the decisions you will need to make as you start out on your own.
3. Do You have a solid financial Blueprint ?
Even with social marketing platforms and online tools, pursuing a great business idea still requires money. You need to pay your bills, eat, and take care of yourself and family in addition to investing in your business. Maybe your idea requires very little start-up capital. You still want to have at least 12 months of expenses covered. This relieves you from operating your business under the pressure of needing money immediately.
Make sure you have clients lined up and money to support you if those expected sales fall through. The more desperate you are for money, the more likely you will take projects from less than ideal clients or you will cut your prices, diminishing the perceived value for your services or goods. Having a solid financial position, keeps you from risky business that ultimately threatens your peace of mind and reputation. And if anxiety and frustration about money keep you from providing quality work, you and your customers or clients will have doubts about your business.
If you want a strong start to being your own boss, pay special attention to your thinking patterns, emotions, and money.
Take the time to stabilize, plan and prepare so that you can learn from the journey of launching your own business or firm instead of struggling through it. And remember you can always launch while working.
Take the time to stabilize, plan and prepare so that you can learn from the journey of launching your own business or firm instead of struggling through it. And remember you can always launch while working.
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