Many employees going through the day-to-day grind of their unsatisfying work dream of being entrepreneurs, to finally have that business epiphany on how to entwine their ideas together into a profitable business model. For most individuals, however, that dream is just that and nothing more, and many ideas are left half-baked and abandoned, never to be visited upon again. How did today’s successful entrepreneurs manage get their foot out of the door and risk it all to build successful enterprises? How did they gain the business acumen necessary to sniff out and follow an idea, and build upon it? Legendary investor Jim Rogers, who retired at 37, once traveled the world by motorcycle and Mercedes in search of business ideas. Steve Jobs once worked out of his parents’ garage building the future of computing. Do you, as a potential small business owner, have what it takes to search for that perfect idea and preach it to the world? Here are some things to consider about yourself:
Do you dream of financial independence, to be free from corporate strings and monthly salaries, to be in total control of your monthly income?
Do you read up on market trends, and stay up to date on recent developments?
Are you willing to travel to far-off lands far outside your established comfort zone, in order to research potential markets?
Do you have enough cash in the bank to meet your expenses, in unpaid months?
Do you have enough cash to invest in a new business?
Is your family supportive of your decision to pursue your dream?
Will your family time be impacted by your new venture?
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An old saying tells us that you can never be truly motivated to pursue your next goal until you quit your current, comfortable job. With comfort often comes decreased motivation and drive, which will not help you move to the next level. While financial security is important, with it comes apathy and with that, years pass, straight into your retirement. Of course, you should have a well-planned idea of where you’re headed before you quit your job, but once you do, don’t look back.
Look forward and start looking for ways to implement your ideas. While certainly no one expects you to follow in Jim Roger’s globetrotting footsteps, here are some places where you can start digging for ideas:
Do you dream of financial independence, to be free from corporate strings and monthly salaries, to be in total control of your monthly income?
Do you read up on market trends, and stay up to date on recent developments?
Are you willing to travel to far-off lands far outside your established comfort zone, in order to research potential markets?
Do you have enough cash in the bank to meet your expenses, in unpaid months?
Do you have enough cash to invest in a new business?
Is your family supportive of your decision to pursue your dream?
Will your family time be impacted by your new venture?
[/list]
An old saying tells us that you can never be truly motivated to pursue your next goal until you quit your current, comfortable job. With comfort often comes decreased motivation and drive, which will not help you move to the next level. While financial security is important, with it comes apathy and with that, years pass, straight into your retirement. Of course, you should have a well-planned idea of where you’re headed before you quit your job, but once you do, don’t look back.
Look forward and start looking for ways to implement your ideas. While certainly no one expects you to follow in Jim Roger’s globetrotting footsteps, here are some places where you can start digging for ideas: