Being an entrepreneur is quite difficult. Quitting your job to start a business is like leaving a ship for an adventure on a desert island. It seems like an exciting adventure, but not everyone is ready to face the storm, sharks and aborigines. And this does not mean that you should not start your own business, just before you do it, think again, are you ready for this?
If you find your reason to open a business below, it's better to just find a new job.
If you decide to start a business because the boss does not suit you, try to find a new job. When you find a job that you like, think again — now do you want to start your own business?
You have friends who have founded their own business, and you constantly hear about acquaintances and relatives who have also opened their own business. It is clear that such a situation gives rise to envy and shakes nerves, but the fact that friends turned out well does not mean that you will turn out well.
You watch different movies and read stories about successful startups, and it seems to you that the business world is full of brilliance, success and prosperity. In fact, as Linkedin founder Reid Hoffman well said:
It's like if you jumped off a cliff and while you're flying, you're assembling a plane.
Many people have ideas, but an idea and a business are not the same thing. Are you aware that only 1-3% of ideas become companies, and only a part of them are successful? So, if you have an idea, this is not a reason to take out a loan and start a business.
And also think about how you will execute it, where will you find the funds, how long will your business be able to exist in the red, how will you sell, how will you distribute finances, and if your business fails, will you give up and not try again?
This is not said to upset you, it's just a real test. You need to know what you're getting into. Business is not an abyss, of course, but a long, long journey.
What awaits you during this journey? There are several paths that you have to go through.
Before you can take the money for yourself, you will need to take care of all the expenses related to the business, including the salaries of employees, if you have them.
Before you get any money at all, the business needs to generate enough money to support itself, and then you. Are you ready to give up a stable salary and have unstable meager earnings for the next few years?
Most likely, the launched product or service will fail. Because it happens to most entrepreneurs. No product will become successful and in demand as soon as it is launched.
Successful entrepreneurs differ from losers in that they are able to flexibly respond to market demands, adapt, and quickly make the necessary changes. They have enough passion, desire and perseverance to lead their business to success, but this path is thorny.
Have you thought about where you will get the money to implement the idea? Investors prefer to invest in proven ideas with obvious prospects, and it's not so easy to persuade them to invest in a new, unreliable idea.
You have heard that many companies receive funding, but hundreds of others do not. They will not be written about in the media, so you will never know about them.
There are three fundamentals that must be present in every business.
Three foundations of entrepreneurship: passion, perseverance and a problem.
If you don't have one or all of them together, you are not suitable for the role of a businessman. Let's take a closer look.
You must have a problem with which to start a business. Your business should include such an important problem, for the solution of which someone will pay.
You have to be really passionate about solving this problem, because otherwise you will lose interest in the case as soon as you encounter any obstacles.
And you must be so persistent that for the next few years you will lead your business through failures, changes and failures to a bright future.
So, if you start a business with the right reason, and the problem that it will solve does not let you sleep at night, if you spend all your free time thinking about your business, then it's time to bring your idea to life and start your business.
Ask yourself again: are you ready for this?
