Monday, May 18, 2015
4 Reasons to Start Your Own Thing
Do you believe you have what it takes to start your own business? Have you thought about it, but you don’t think you’re quite ready? Well, you may not be there yet, but you can get started. Frankly, that’s the step that trips up most people. They know where they want to be, but they don’t know how to start the process. Let’s walk through that together.
1 – You have an idea you just can’t shake
A new business almost always starts here. You have this incredible idea you just can’t get past. It keeps you up nights. You LOVE this idea. But what you don’t have is a plan. Here are a few questions you should ask: What will it look like to trade money for this idea? Who will give me money for this? Do they really want to or am I kidding myself? Now, start researching and develop real, viable answers to these questions.
2 – Pursuing your goals is more important than maintaining your lifestyle
If you want to reach your goals, you will have to make some sacrifices. The first will be the utter disappearance of your mad cash or spending money. If you really want this thing to happen you have to be ready to invest all your time and money into it. All. Of. It.
3 – Your hobbies are becoming less important because you decided to grow up already
Some people never start their own thing because they are too “busy.” Translation, their hobbies are more important than their business. That’s fine. But if you are ready to start your own business, you will find that your hobbies begin to become less important than the time you want to spend building a business.
4 – You love doing lots of different things
While it’s true that, once you are successful, you will do less of the stuff you did in the beginning; there will be other things to do. This is one of the traps where many new business owners fall. They don’t want to let go of all the things they are doing in the business for fear that they will get bored, start to “tinker” and mess up a good thing. Here’s the solution: give yourself an “exit strategy” from your current chores. Find ways to help build and promote the business that play to your strengths. That will help you let go of the day-to-day and get moving on bigger and better things. Bottom line: never settle. Build the habit of planning, developing and growing. Then hire the people you need to “do” and “maintain.”
Jonah Engler is a financial expert who embraces social media and high-tech.