As often stated by intellectuals, ‘it isn’t of any use if it doesn’t make you happy. The more you doubt your ideas, you kill your creativity even more.’ Daily we have multiple reasons to drop out but there is only one that keeps us there at the moment. As per the current trends, it is the ‘Quit your job movement’. People today are quitting their jobs in order to chase their own dreams.
But surrendering is not always the best solution as it comes with a heavy cost tag. One ought to know the right time to strike the chord. Being your own boss is definitely fascinating. However, it is not advised to kick your current job in order to chase your entrepreneurial dream. Entrepreneurs today, are not in favour of going for sudden decisions as giving up on your job are risky until you are cushioned. There are a lot of factors to be considered before actually venturing out in the market with your own idea. The changeover is not at all easy. There ought to be a significant mindset shift from being an employee to being the boss.
#1. A failed market research leads to a flop show
Setting your own business demands for a careful, comprehensive plan in place. This process, in turn, demands a thorough market research. There are a number of questions that one has to consider and address before moving ahead. A simple passing thought cannot give you great returns. Beginning in haste actually spoils the entire essence of the show. Hence, a thorough market study is needed.
#2. Consider all the pros and cons
Competition is the key to success. In order to enter the race, one ought be aware of all possible challenges that would arise on the way. One needs to be shielded in advance as unexpected jerks cause major harm.
#3. Don’t just quit because you dislike your job
The grass always seems to be greener on the other side. Hating your job is an appropriate reason to be quitting your job. But think twice before actually doing so as not all days are alike. Identify your areas of interest and dwell over them. Focus on learning from everything you do. Failure should not be considered as the end, it is a new learning.
#4. Quitting without a full proof plan in place
This could turn out to be equivalent to a nightmare. One is not aware of what needs to be done and is in a jiffy. In case you are unplanned, you tend to spend excessively. One is often paranoid in such situations. Thus, for a smooth transition, it is necessary to have a full proof plan in place.
#5. Funding is always an issue
Being an entrepreneur is easier said than done. It has often been observed that it is difficult to find appropriate funding. The transition between earning money and giving money is not easy. Every investor looks for appropriate returns on their investments.