When you are tired of routine and seeking for some thrill and adventure, entrepreneurship always seems to be the next option available. However, for every wonderful thing that comes with being your own boss, there is a challenge to overcome. If you’re considering striking out on your own and trying your hand at entrepreneurship, it’s essential to go into it with the knowledge that there will be many challenges – both great and small.You have listened to everyone telling you why you shouldn’t do it but now you are convinced it’s the right thing to do and you are ready to take that leap of faith. Big congrats!! You’ve officially joined the defiant group of risk-takers and dream chasers.
But wait a minute! did you pause to ask yourself What is it like on the other side of the fence? What should you be prepared for when shifting gears? When I decided to leave my full-time job where I was comfortable working in hierarchies and structured environments, I felt like had gained freedom and luxury of time, but the truth is, once you leave the comfort of full-time employment, working for yourself involves an incredible amount of self-discipline. Building something from scratch requires planning, which includes getting the actual work done, to working behind the scenes to ensure operations, marketing, and finances are running smoothly. Remember in the initial years you will be doing the work of five people all rolled into one.
It is fine, if people don’t believe in what you have started now, remember your foundation is not in what people think about you now, it is your mindset and the perspective you have towards the world, having an emotional well being, learning and unlearning as much. Ask for advice from people, but take whatever they say with a pinch of salt by sieving what you are told. Remember to talk to people in a similar space you are operating in because it allows you to have a much more big picture of the market or the problem you are trying to solve, don’t forget to dream big, but start very small. Choose a business plan that has a very small overhead and start-up cost, which will allow your business to grow gradually.
Entrepreneurship is about risk but you can reduce it gradually by doing research on the market you are entering, your competition, and every other aspect you can think of when it comes to a particular product or idea. The more you know about the possibilities, the better you will be able to guess the outcome. Don’t quit your day job before you’ve assessed the risks, explored alternative options and still truly believe that going out on your own is the right thing to do.
Finally, accept advice from those who have been there and take notes when an entrepreneur you admire is speaking/offering pointers. Just remember that no amount of reading or research can truly make you successful until you’re willing to follow your dreams and take a leap of faith. As someone who has made drastic changes in her career, I can safely say that the biggest risk of all is not taking that leap when you see it. Regret is a feeling we never want to have. If you feel it in your heart and soul, then go for it with all that you’ve got. Trust me, you’ll never look back!