You have finally decided to go through with the idea of starting your very own business. The grass seems greener, the sky looks brighter, and you just now it’s going to be milk and honey from now on. Sounds familiar? Then you are driving in the wrong lane.
Let’s slow down a little, shall we? There are few things you need to learn, or rather need to know you shouldn’t have learnt, before you embark on the train of happy entrepreneurship.
1. Quit your job the moment you decide to start a business:
Some countries have a proverb that goes: “Don’t spit in the old well before you have built a new one to drink from”. This equally applies to the business world. First, make sure you have a thorough research on how to start your own business and related topics. Make sure you have devised a well thought-through business plan. You wouldn’t want to suffer the disappointment of losing your job simultaneously with the failure of your business infant.
2. It will all run smoothly if you have a lot of money to invest:
Big mistake! You can be a millionaire and still end up flat broke if you are not particularly smart in handling your money. A good entrepreneur does not necessarily need a great deal of cash to start with – such a person is capable of making money out of almost thin air. If you are not born with incredible business skills there are many ways to educate yourself; for instance, by studying articles like the one you’re reading right now.
3. A strong desire can make anything possible:
Have you ever dreamt of being capable of flying? Or maybe being invisible? Well, you may wish it as hard as you can, but still no wings will ever grow on your back and girls will always see you spying in their dressing-rooms. A dream is a wonderful thing to have, and frankly, not everyone is capable of dreaming big, but still, it doesn’t mean there will be no sweat and tears in running your own business. The truth is, it requires hard work and incredible dedication.
4. You will never succeed/It’s too hard:
Of course, there is always the possibility to harbor more negative feelings. Being overly optimistic is bad, but it’s nothing better to be excessively pessimistic about starting your business. The premise no.4 may be something you keep telling yourself, or maybe some advisor of yours keeps convincing you this to be the case. Think about it well and do your own research first. You can never know how well-intended people’s advices are, or whether you yourself are just looking for an excuse for your fears.
5. You are the best worker – you can certainly succeed on your own:
Sure, there is the possibility of pride getting in your way. You may be the best asset of your company, but maybe that’s because you excel at working as part of a team. If you are the best footballer in the world, that doesn’t mean you’ll hold the record in every possible sport. Especially not in the ones played solo. On the other hand, you might just be a wunderkind. Still, you need to check your entrepreneur personality traits first.