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Should I Start My Own Business?

Should you start your own business? 

 

You're at the crossroads. You can choose to continue with the safety and

security of the job you have had for years and thought you would have for years

to come, or you could venture out on your own; start your own business, make

your own money, create an extra stream of income, and ultimately be your own

boss. Which option should you choose? It's a tough decision to make and

whether or not you should start your own business is an important question to

ask yourself when you are assessing your future. I'm going to answer this

question with another several questions you should first ask yourself before you

tackle the broad question of if you should quit your 9-5 and become an

entrepreneur. Though it might seem counter-intuitive to answer this question

with more questions, these are important factors to consider before creating a

business, especially if you want to be successful.

 

Question One: 

How high is your risk tolerance?

 

Are you someone with debt up to your eyeballs? Do you have a family to

support? Do you have an emergency fund? I know what you're thinking. "Is this

guy really asking me more questions?" The answer is, yes. Because in order to

answer the big picture question, you first need to take a step back and evaluate

whether or not you can even handle the potentially heavy financial burden that

comes along with starting your own business. If the proverbial wolves are

already at your door, you might want to focus your energy on attacking that debt

before taking on even more. If you have children and a spouse who depend on

you for financial support, it doesn't mean you shouldn't start a business venture.

But it does mean that you have to consider more than just your own well-being

before taking the risk. Finally, if you don't have any money set aside for

emergencies, you probably aren't ready to quit the day job just yet. But don't let

this discourage you. Plenty of folks, including myself, have found ways to retain

fulltime employment while getting their startup off the ground. 

 

Question Two:

Are you sure your business is a good idea?

 

If you're like me, you are constantly thinking of ways to monetize literally

anything. However, just because you can does not necessarily mean you

should. I spend hours upon hours and drive myself crazy thinking of ways I can

create additional streams of income for myself. However, at the end of the day I

find that 9 ideas out of 10 are garbage. I'm sorry, but if you're thinking about

starting that apparel company you think would take off, you better make sure

you have something incredibly unique to offer. Believe me, I've been there, done

that, and got the t-shirt (no pun intended). There are some out there who believe

you can truly sell anything. And sure, if you have enough money for advertising,

an incredible mind for marketing, and tons of patience, you can make anything

work. However, you are much more likely to succeed in the long run if you have

an idea that truly fills a void in the market. Check out my e-book "100 Website

Business Ideas" for inspiration and marketable businesses here:

https://promarketingguides.com/products/100-website-business-ideas

 

Question Three:

Do you have the time?

 

Many underestimate how many hours and sleepless nights it could potentially

take to get a brand new business off the ground. There are evenings you might

have to sacrifice going to get a drink with the bros in order to send out marketing

emails. Or, you might have step away from the daughter's birthday party

because your product has a newfound quality issue, and customers are blowing

up your hotline. Keep in mind, owning your own business is absolutely not a job

in which you get to clock out of at the end of the day or choose not to do on

Saturdays and Sundays. This will truly become your baby if you are passionate

about what you are doing, and you might have to spend every waking moment

of free time you have to ensure your baby grows to be healthy and strong.

Fortunately for you, you will likely enjoy devoting this time and want to keep

doing it because let's face it, it's good to be the boss. 

 

Final Question:

Who are you kidding?

 

Of course you want to start your own business. I have spent countless hours

working at a job that I had no passion for, no motivation for, no energy for, and

no desire for. From someone who has worked for a boss, to someone who has

become the boss, I can assure you that life is too short to spend 9 hours of your

day five days a week doing something that you simply do not want to be doing.

If you are the person who sits at your desk constantly daydreaming about

anything and everything you would rather be doing than this, then there is your

answer. It's as simple as that. If you want to start your own business badly

enough, you will make sure it succeeds. You will make sure you have the time.

You will make sure you have an idea that sticks. And fortunately, I have provided

more than enough information in my e-books to get you started and help you

succeed. I will answer many of the burning questions you have. Don't have a

clue how or where to get started? Read my digital guides. I have stood where

you stood, and I aim to provide concise, easy-to-read and understand

information that you can use to create the reality you have always dreamed of. 

And thanks for reading.

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