Should I Quit My Job And Become An Entrepreneur
Should I Quit My Job And Become An Entrepreneur?
I found myself asking that exact question one day at work.
The job wasn’t bad.
In fact it paid well and most of the time I enjoyed it.
But…
I had been doing it for a decade and was feeling burned out.
The travel was extreme and left me little time for a social life.
And my boss knew less about my job than I did.
Which created conflicts at times.
Ready or not I was day dreaming of becoming my own boss.
Although I had never worked as an entrepreneur.
I knew many people that did.
They always said it wasn’t easy, but if you really want to be your own boss you just need to put in the hard work and never give up.
After some planning and preparation I decided to make the leap.
And become self employed.
Some of my friends tried to talk me out of it.
Especially the ones that had failed at it themselves in the past.
They said it’s too hard!
Most people fail!
Maybe you should rethink this…
That was many years ago now.
Long story short …
Yes, it was hard.
I failed a lot.
Yes, I even did some rethinking.
But I never gave up.
And consider it one of the best things I ever did.
Although becoming an entrepreneur is not for everyone.
Do you have what it takes?
Do you want to be an entrepreneur?
Do you find yourself asking Should I Quit My Job And Become An Entrepreneur?
Read on to discover if being your own boss is right for you.
According to the the dictionary entrepreneurship Means:
The act of setting up a business or businesses, taking on financial risks in the hope of profit.
If you have ever dreamed of working for yourself because you hate your job and would love to be your own boss…
This article will help you know if you have what it takes to quit your 9-5 and become an entrepreneur.
Before quitting your day job and living the dream…
Take a look at the following five ways to know if you what it takes to become an entrepreneur first.
What Does It Take To Be An Entrepreneur?
Below are some tips to help you decide is becoming an entrepreneur is right for you:
Number 1
You enjoy taking risks – There are no certainties and you have to take on a lot more risks than the average person.
For most this is a deal breaker.
Does the risk out weigh the reward?
Each day you will be taking calculated risks that can make or break your business.
You are the boss
On the flip side you get all the credit for your successes too.
If you become good at minimizing your risks you can do very well as an entrepreneur.
Number 2
You’re A Natural Leader – executing your ideas and delegating tasks will be something you enjoy and thrive on.
Seeing a project through to completion making your dream a reality will also be where you leave others in the dust.
There is a lot of competition and you won’t let that stop you from becoming the best of the bunch.
If you don’t need someone directing you to get things done, but rather find yourself in leadership positions you could have what it takes to be an entrepreneur.
As an entrepreneur, you don’t need a boss or someone telling you what to do.
In fact, you might be one of those people that say I can do that better on my own.
Number 3
You Enjoy Learning – If you love to read and consistently learn new information that’s a good sign that you would enjoy being an entrepreneur.
Because you will have to learn almost everything on your own.
Fortunately, we live in the information age, and just about anything you would ever want to know is at your fingertips.
As you grow in your business there will be a lot of tasks that you will be responsible for and only you to make sure it gets accomplished.
Finding the answers to problems will be a way of life and you won’t mind solving problems and learning solutions on any given day.
In fact, you actually enjoy this as an additional challenge that makes you feel good to know that you did it on your own.
Number 4
You don’t mind working alone – As an entrepreneur, you will be spending a lot of time working alone.
At least when you are getting stated.
If you rather work in a group and like working around a large group of people you might feel lonely and the isolation could get to you.
This will require a lot of self-motivation and determination to work through tasks without guidance or interaction from others.
You may have to work long days and nights that can keep you away from the things you love and by yourself till you complete what needs to be done.
Number 5
You Value Your Time – This was a biggie for me!
I always hated sitting at a desk waiting out the clock or needing to work a certain amount of hours because I had to put in my 40 hours.
Even worse than that… having to work overtime!
No Thanks… I value my time and if you do as well this could be a great reason for you to become an entrepreneur.
You are the type of person that is good with your time and doesn’t waste it.
If you motto is time is money… You’re on the right track.
Valuing your time is important.
Time is one thing you can never get back.
If this all sounds good to you then you probably have what it takes to become your own boss.
I always like the saying ” A Year From Now You’ll Wish You Had Started Today”
Time is passing by and you might as well be doing something you enjoy that is building the life you want.
Why Entrepreneurs Quit
When I was trying to decide if I should i quit my job and become an entrepreneur.
Another question came to mind.
Why do entrepreneurs quit?
Below Are Some Reasons Entrepreneurs Give Up:
#1. Negative Thinking
I can’t stress enough how important it is to have the right mind set.
If you tend to be a pessimist entrepreneurship is not gonna be easy for you.
There are a lot of things that can go wrong.
Especially in the beginning.
And you will be learning a lot along the way.
Best advice I can give on this is to ignore the naysayers.
Work hard and remember why you started in the first place.
And know your why.
My why was that I absolutely hated working for someone else.
It made me feel like a slave.
And I hated trading my time for money.
#2. Not Prepared Financially
There are so many ways to make money today.
That don’t require clocking in.
Before you quit your job.
You should be prepared to have enough money to support you and your business.
How much you will need will depend on your expenses for you and your business.
And how fast you can expect to grow your business to a level if can sustain you financially.
There is an article from CNBC that can help you with this more here.
#3. Your Social Life Interferes
When you work for someone else scheduling time for social activities can be easier.
The people you want to be with most can make it difficult for you to complete your important tasks.
Being your own boss means you work till everything is completed.
No matter how long it takes.
That could mean you spend less time with friends and family.
And for some this is enough to quit life as an entrepreneur.
Should i quit my job and become an entrepreneur?
Now you have some reason why entrepreneurs quit.
Would any of those reasons make you throw in the towel?
Free Online Resources For Entrepreneurs
Should i quit my job and become an entrepreneur?
If you have decided that answer to this question is YES.
Below are some Free Online Resources To Help You Get Started:
#1. Youtube
The second largest search engine is one of the best Free resources for entrepreneurs.
You can grow a following.
Sell products or services.
And do it for free on Youtube.
Camera shy?
No problem use the platform I use to create engaging videos that can go viral here.
#2. Alison.com
This is a free online course platform.
You can learn on a variety of subjects such as Business, Marketing, and IT.
#3. Email Autoresponder
Every business should have a way to connect with their customers.
Email is still one of the best ways to reach and interact with your tribe.
Now you can get Aweber free by signing up for an account here.
You won’t need a credit card and there is no time limit.
#4. Website
Today your customers are going to be found primarily online.
That’s why you need a website.
You can build a Free website at Weebly Below:
Compare Weebly Plans#5. List.ly
This platform is kinda like Pinterest for word people.
You can collect content from the web and organize it into lists.
Conclusion:
Should i quit my job and become an entrepreneur?
I hope you now have a better idea on if you should become an entrepreneur.
I answered this question for myself years ago.
And now work for myself.
Sometimes I work more and sometimes I work less than I did as an employee.
However, I’m in control of that now.
Should i quit my job and become an entrepreneur is not simple yes or no.
For some you may need to way the pros/cons.
And find out if you are prepared both mentally and financially.
After learning more about what is entrepreneurship and if you have what it takes.
This will either convince you that it’s time to get started or stay where you are and keep doing the same things day in and day out.
Either one is ok, just do what is best for you and your situation…
If you want to start the journey of working for yourself the best thing to do is get started.
Not a year from now, but right now.
If you have questions or comments please leave them below we look forward to hearing from you.
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