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15 Signs You Are Ready To Start Your Own Business

15 Signs You Are Ready To Start Your Own Business

A family, a home and a steady job. 40 hours of work a week, a pay cheque, and your evenings and weekends off, which you could either dedicate to your better half, your kids or to your hobbies. Or if that doesn’t suit you, you could always hang out with your work buddies instead.

Life’s good, or okay at least. Or is it? While a huge majority of the human race might be complacent with this sort of bourgeoisie lifestyle, not all of us are cut out for it. And the very fact that you’re still reading this article is proof enough for me that you have no intention of identifying as a bourgeoisie.

Oh, I like you! Now of course there are a lot of technical requirements to starting a business. Coming up with an idea, creating a business plan, finding an investment, hiring employees, and the likes.

But before you get into all that, you need to make sure you’re actually ready for the whole being your boss thing. So here are 15 signs that you are ready to start your own business.

1. You are sufficiently motivated

“The starting point of all achievement is desire. Keep this constantly in mind. Weak desire brings weak results, just as a small fire makes a small amount of heat.” One of my favorite quotes from Napoleon Hill’s timeless classic “Think and Grow Rich”.

This one’s pretty straight forward. To be ready to start your own business and succeed at it, you would have to really want it first. Do you?

2. You have a confident personality

“No one can make you feel inferior without your consent.” From the book “This is My Story” by Eleanor Roosevelt. We live in a cruel world. Bear that there will always be people trying to hinder or belittle you and your progress.

Now of course, there isn’t a thing in the world that should matter less than the opinions of those poor souls. But the bitter truth is, to most people it does.

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To stand apart, to succeed, you will need to sport a confident personality; to always be sure about what you’re doing or where you’re headed. Are you?

3. You are tenacious

“Patience and tenacity are worth more than twice their weight of cleverness.” Thomas Huxley. Not all successful people possess genius talent. It would be a fair bet to say that a vast majority of them were no different from you and I when they started.

And they failed too. Often. But while most people tend to get demoralized at the first sight of failure, what they did was get right back up and try again. And again. And again. Until they succeeded. Can you?

4. You are passionate about what you are doing

“Don’t aim for success if you want it; just do what you love and believe in, and it will come naturally.” A timeless advice from David Frost. Work is hard. Always has been and always will be.

Trick is to choose a line of business you’re so passionate about, that you will actually enjoy working hard. Look at every person in history who started a business and succeeded at it. They’ve always been exceptionally passionate about their work. Are you?

5. You enjoy learning

“I am not afraid of storms for I am learning how to sail my ship.” From the American novelist Louisa May Alcott. Like the world in its entirety, the business world is one big mystery. And people who actually believe they know it all might very well know nothing at all.

To successfully “sail your ship” you need to continuously feed yourself with knowledge and ideas. For which you must genuinely enjoy learning. Do you?

6. You have good people skills

“There is only one way to get anybody to do anything. And that is by making the other person want to do it.” Dale Carnegie, legendary self-improvement and interpersonal skills guru.

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People constitute the world and influence how it runs. So it’s a no brainer that they ought to be at the essence of any business venture. Might be your investors, or your customers.

To succeed at business, you need to be excellent at understanding other people’s intents, and effectively communicating your ideas to them. Are you?

7. You are a visionary

“The visionary starts with a clean sheet of paper, and re-imagines the world.” From the author of the popular book “Outliers”, Malcolm Gladwell.

Visionaries make lasting business people. What sets them apart from the casual folks is that they can see to the end. And accordingly, they know what needs to be avoided and what needs to be done to succeed.

If you want to own a business and be successful one at it, you must be know where it’s headed. Do you?

8. You have a good business team

“Alone we can do so little; together we can do so much.” Helen Keller. No successful venture in history was ever started alone. Behind every successful “self-made” person you hear about, are seldom heard of people that actually run the engines of the business.

The idea is not to be as independent as you can. That’s simply not how it works. What you need is to have is a team of loyal, dedicated and talented people that not only can, but actually enjoy laying the bricks to your castle. Do you?

9. You are creative

“The painter has the universe in his mind and hands.” Leonardo da Vinci. Creativity is the ability to create new things and find unique solutions to existing problems. Sounds like a pre-requisite to any aspiring business person.

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To stand out in your line of business and succeed, you will have to bring something different to the table. Can you?

10. You despise authority

“If ever you feel like an animal among men, be a lion.” Criss Jami, in “Diotima, Battery, Electric Personality”. It is a rule of thumb. People who have a predisposition to starting a venture and succeeding at it have at the least a healthy disregard for authority.

The very fact that you want to start a business and be your own boss is proof enough that you have no intentions of directly working under someone else. You like to think for yourself. Don’t you?

11. You can take risks

“A ship in harbor is safe, but that is not what ships are built for.” John A Shedd. In a world surrounded by uncertainty, fluctuating market for instance, the one who embraces this uncertainty isn’t always safe from its claws. And this very fact scares a vast majority of your competition away from the game.

But you must know that security and success don’t always come hand in hand, especially not as long as you’re still chasing the latter. You’re not in the game for security. You’re here to risk it all and win. Aren’t you?

12. You know your limits

“Oh, I’m not just going too far, I’ve arrived.” Jose Saramago, in “Seeing”. Know when to stop. Even if the years don’t make you smarter, they always make you wiser. And at some point you just realize you can’t have anymore.

That’s when the wise one knows s/he doesn’t need anymore. Successful people can calculate success as well as they can dream of it. Can you?

13. You are organized

“For every minute spent organizing, an hour is earned.” Benjamin Franklin. Unlike the common folks, business people don’t like to waste more time preparing for a work than on the actual work.

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For a business to succeed, you have to organize few things beforehand. Finding a retail partner or having your own website, as per the business needs, is a pretty good sign that you’re ready to dive into the world of business.

When that’s inevitable, they learn from the new experience and make sure it never happens again. They have everything they need whenever and wherever they want it. Simply put, to be in control you need to be organized. Are you?

14. You are a leader

“Leadership is the capacity to translate vision into reality.” Warren Bennis. Often, it’s believed good leaders are born. Actually, good leaders are made, they’re product of experience, training and necessity, amongst others.

And you know a good leader when you see one. Given a vision and all the necessary tools and crew at his/her disposal, a good leader knows how and when to lead. Do you?

15. You know your game

No famous quotation for this one. Simply cause it’s a no brainer. Before you can play a game, you need to know the game. Always know that there are people out there who are already doing what you plan on doing. Many of them professionals. And they’re all your competition.

If you’re planning on entering a particular line of business, you need to make sure you know sufficiently enough if not as much as the people already in that business first. Only then you can act smart. And then, you dribble your ideas to goal. So do you know your game?

Featured photo credit: Business People via Flickr.com via farm6.staticflickr.com

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Nabin Paudyal

Co-Founder, Siplikan Media Group

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Last Updated on January 14, 2019

The Key to Finding Job Satisfaction and Having a Successful Career

The Key to Finding Job Satisfaction and Having a Successful Career

Regardless of whether you hold an entry-level administration role or regularly travel to the ends of the Earth as a hot-shot senior executive, you can still find yourself harboring an emptiness… a feeling that something is missing. A popular assumption that experiencing job satisfaction and a successful career should be underpinned by a well-rounded suite of tangible benefits, no longer holds true for many of us.

We’d never deny health care benefits, appropriate and fair remuneration, bonuses and travel perks in a job package. However, even if served to us on a silver platter, those features can only satiate us to a certain point.

You might wonder what governs entrepreneurs and start-up business owners to quit their lucrative jobs, essentially look the gift horse in the mouth and kiss such benefits goodbye! There can be an irresistible pull to mastermind a business with products and/or services that serve the greater good of community wider than that constituting their daily existence.

Even with research showing entrepreneurship to pose greater threats to their mental and physical health, this unique breed of individuals choose to go against the grain in chasing their dreams of being their own boss. Why? Why would anyone risk this type of career suicide?

Whether you’re an employee, have recently taken the leap to being a business owner or been in business for a while, the commonality is a congenital condition we all share as human beings; to feel a sense of purpose, value and contribution to our community. Despite it being harder to find this for ourselves in today’s world, these approaches will help you achieve ultimate satisfaction through the twists, turns and joyrides that are essential features of shaping a successful career.

1. Search for Opportunities That Feed Your Passion, Not Temporary Excitement

Even though well-intended, the ‘feel good now’ compass that career coaches and consultants often recommend you use to create career satisfaction can actually do you more harm than good. Excitement is transient. It doesn’t last. Passion is the compass you need.

Passion and excitement are two different things. The resounding career legacy that still draws you to turn up on the job regardless of the sunshine or storm that awaits you…that’s passion. It’s like a mental and/or emotional itch you can’t shrug off. Staying attuned to that calling will breed success for you sooner or later. Patience is key.

You’re also likely to have more than one key passion. Beware of getting caught in the notion you have to find your one true purpose. In fact, run immediately from any coach who tells you there is only one. There isn’t.

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Your passion is a journey that can take multiple forms so forget thinking there is the single dream job out there that will give you satisfaction in every way you can imagine. It simply doesn’t exist.

Consider embracing different roles and projects to help you fuel your passion or fuel your pursuits in finding it. Job satisfaction and your career success will be all the more sweeter from a wider range of enriching experiences.

2. Don’t Position Job and Career Satisfaction Assessments as Pivotal Guides to Your Success

Despite their popular use for vocational guidance, assessment tools such as Gallup’s Clifton Strengths and the Myers Briggs Type Indicator have come under fire[1] as being limited to the amount of true value and direction they can offer partakers.[2] These and many other guidance assessment tools (e.g. VIA Character Strengths , DISC ) are self-report questionnaires that don’t have normative population data against which to compare your results.

Simply remember these tools help you develop a stronger sense of what you identify as strengths and weaknesses within yourself, not in comparison with other people. They will still add insight around what sorts of career opportunities, tasks and projects are going to light your fire, what ones are going to extinguish it and what will prod and keep the coals steadily smoldering.

3. Be Clear on Your Personal Values, Ethics and Principles and Choose Relationships That Support You Honoring Them

Teamwork, collaboration, open communication and trust are commonplace for any flourishing work environment. However, whether or not your personal values can be honored in your work can make or break your job satisfaction.

How committed do you want to be to an organization that expects an average of 10 unpaid overtime hours every week under the guise of ‘reasonable overtime’? Are you willing to accept their construing this expectation as ‘strong commitment’ at the expense of your partner and children waiting at home for you? What are your boundaries concerning when you clock on to their time and when you clock off to yours?

Being very in tune with what your personal values, principles and ethics are will bid you well in the job satisfaction stakes. Spending time to reflect on experiences and working relationships you’ve had – the good, the bad and the ugly – will help you make well-informed searches and grounded decisions that will propel your career success.

Finding and nurturing relationships with associates and colleagues who share similar values doesn’t just make your day-to-day pursuits more enjoyable. You become fortunate to work with like-minded people who will support, understand and appreciate you like a second family.

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Being able to honor your personal values in your work means you will still be able to sleep at night when you have to tread where others fear to, and make extremely difficult decisions others would never ever dream of having to make as you forge success in your career.

4. Be Clear on Your Own Definition of What Having a Successful Career Means for You

It’s tempting to get caught up in the ideals and projections of success expressed by those we love, admire and respect. Underneath, we all want on some level to belong to a successful club of some sort.

With research reporting how much money we feel we need to be truly happy,[3] many of us try to subscribe to the notion that having the car of our dreams or taking a European holiday annually will not bring us happiness. The truth, however, for many of us is these tangible rewards are congratulatory reminders of our persistent efforts to chase our career pursuits.

If those are things you aspire to, don’t let anyone steal your desire and want to feel deserving of these things, that those are some parameters by which you define your career success.

Despite consistently being the top revenue earner for two years running, you may not wish to become the sales manager. You may not wish to step out into running your own business even though you consistently excel as an employee, delighting clients and repeatedly receiving glowing testimonials.

Your definition of career success might be enjoying the predictability of a regular workplace routine. You get to leave – without feeling guilty – at the same time each day, love the people you work with and get to spend a good, uninterrupted amount of work-stress free quality time with your family. That picture is also blissful job satisfaction and complete career success.

5. Identify the Sorts of Challenges and Problems You Want to Learn to Overcome

Standard advice you might receive from a career coach might be to look for opportunities where you get to capitalize on exercising your strengths and career-related activities you enjoy.

However, to become a success at anything involves improvement. To excel at anything often involves stepping outside boundaries and comfort zones where others wouldn’t. This means dedicating focus and attention to things you’re not so good at and things you don’t like.

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Here’s where working with a coach can be particularly helpful. Map out the experiences that were unsavory in your working history. Were there challenges you opted out of, projects you failed at or toxic relationships that blasted your sense of purpose and self-worth into oblivion? It’s within these experiences that you might just find the most valuable lessons and guiding lights for your trajectory to achieve greater job satisfaction.

If your natural leadership style is to be a collaborator, finding opportunities that require you to apply a more dictatorial style might be needed. Discussing a secondment or short-term project where you get to develop and test your skills can be a step further in earning contention to lead a larger project down the track.

With several of the company’s boldest personality types penciled to roll out the operation, you’ll not only develop skills that earn your right to throw your hat in the ring; those key players have an opportunity to see your competence. You can then work on building relationships with those stakeholders before you need to hit the ground running should you win the lead.

Greater job satisfaction comes with planning and choosing the lessons and opportunities you want to learn, not desperately flailing, floundering and hoping for the best.

6. Keep Reviewing Your Goal Posts and Be Amenable to Change

The word ‘career’ is indicative of a longer-term pathway of change, growth and development. The journey is dynamic.

You will accumulate new skills and let those you no longer need, become rusty. Your intrigue will be stimulated by new experiences, knowledge and people you meet. Your thinking will continue to expand, not shrink. As a result, your goalposts are likely to change.

A major part of enjoying a successful career is not just setting goals effectively, but regularly reviewing and readjusting them where necessary. However, moving the posts or the target still needs to take place by applying the same processes by which you originally created them. The strength of your emotional connection to those revised goals needs to be the same, if not stronger.

By asking yourself the following questions, you can assure your developmental and growth trajectory is still on course:

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  • Would working toward these goals still allow me to honor my personal values, principles and ethics at the same capacity if not greater?
  • Do the activities I need to undertake to meet these goals honor my highest priorities?
  • Does this feel right for me and those who are nearest and dearest to me?
  • Is this aligned with my passion?
  • Is chasing this goal a right step for me to take now or is this a detour or distraction which could delay my greater plan?

Each of your career goals should have different review periods. Whatever you do, stick to the review schedule you set. It will not only keep you focused but help you see your progress (or lack thereof) and allow you to timely re-chart your course before you get too far down the track. You don’t want to waste time haphazardly heading in the wrong direction.

7. Be Prepared to Let Go

It can be unfathomable to us as to why others risk leaping into the unknown when everything truly appears fine and dandy in the career realm. The company provided stability, recognition, financial success, interesting projects and the promise of a promotion…what was wrong? Why now jump sideways to run a café or train in another field altogether?

Nothing may have been wrong at all. It was all going right. It was just the end of a chapter. Perhaps the yearning for the next step is actually taking a different trajectory entirely. You may want to simply experience a different rhythm. Perhaps it’s time to pursue a different passion.

If you have leaped from employee-land to freelancing or have made the reverse-jump (or you know someone who has), you will have quickly grown a different appreciation for pros and cons each work lifestyle brings. Working for yourself can bring the greater realization of your creativity, whether or not it can be monetized to earn you a living.

When your customers are buying you or a product you designed and fashioned, there is a direct level of appreciation and gratitude that can elevate your confidence in the way you have never experienced as an employee, regardless of your rank.

Similarly, there are times where we need to recognize our business ventures were adventures, not long-term life-changing empires. There are times we need to recognize that time is what provides the clearest limitation of how long we persist for in such pursuits.

We have to recognize the absence of enough financial, mental, emotional and physical breadcrumbs that tells us we’re no longer meant to push in that direction. At least, not for the present time.

The Bottom Line

Above all, keep the momentum. As long as you remain committed to pursuing work opportunities that allow you to honor your highest priorities, the truth of who you are and what you stand for, achieving ultimate job satisfaction and a successful career will never be too far away.

More Resources to Help Advance Your Career

Featured photo credit: Csaba Balazs via unsplash.com

Reference

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