- November 7, 2016
- Posted by: Robert Duke
- Category: Articles
I have great ideas. I will quit my job. I will start a business of my own. And I will make it big. That’s the most common thought that lingers around the minds of those who are bitten by the entrepreneurial bug. However, a few find the motivation to break out of the cocoons of their comfort and make a big leap. An entrepreneurial enthusiast must ask himself a lot of questions to determine if he is fit to commence an entrepreneurial journey. Because this journey of thousand miles starts with a single step, and sometimes each step seems like a thousand miles.
What drives you to start your own business? Do you have anything different to offer? Or can you do things differently? Can you overcome failures? Are you physically fit to invest all your energies and time in building a business right from scratch? Do you have the passion and will to transform your ideas into viable actions? All these are the questions you must find answers to before planning out your roadmap to making your start-up dream come true.
You Will Have a Boss
If you want to start a business just because you do not wish to follow a 9 to 5 routine, or you do not want a boss to shoot you with orders or any such lame reasons, you must think again. If you think you will be a master of your own if you start your own business, you could be wrong. An entrepreneur or a business is always the servant of their customers. Customer is the boss, and the sole motive of a business must be to serve them to their greatest satisfaction. If you still want to be a boss, you might miss out on your chances of success as an entrepreneur as you may not enjoy a monopoly in this highly competitive world.
Overcoming Fear of Failure
What keeps a lot of people on hold in starting their businesses is fear of failure and lack of willpower. Although, failure is the last thing we should be thinking while working on our start-up dreams, somehow it becomes the first thing that comes to our minds and puts our brain into a nutshell which is not easy to break. Though some amount of stress is natural, we should never let our fears dominate our passion to succeed. The other significant quality that you need to develop is leadership. When others fear to cross a shaking bridge, you must take the lead and show others how to do it. A lot of start-ups fail despite having the most innovative business ideas, because their founders lack the required leadership qualities.
Some Have Plans, Some Have Actions, Others Have Excuses
Setting up a business is the latest fashion among youngsters who wish to be their own bosses as well as experienced people who have gathered enough knowledge to start their own ventures. In this league, a large number of people have great ideas but a few bring them into reality. Out of those who do not find success, some learn from their mistakes and try again, and the rest find excuses. The failure rate of start-ups in US alone is more than 70 percent which is a discouraging figure. This is why, even before putting out your first step towards being self employed, you must know that you will have to cross numerous barriers in your way to fame.
Fail Fast, Learn Quickly and Move Forward
A lot of business enthusiasts stand at the edge of the mountain of their fears and aspirations to jump into the world of entrepreneurship and still wait for that extra push to make the final move. If you have viable ideas and plans in place and you believe in them, why not make the final leap. Testing the water for too long will not bring you any results.