“Ideas are cheap. Ideas are easy. Ideas are common. Everybody has ideas. Ideas are highly, highly overvalued. Execution is all that matters.” – Casey Neistat
As 2017 is coming to a close, you have set a New Year resolution to achieve next year: be an entrepreneur and create your own startup. You have couple of great ideas as well as the passion to turn them into reality. You even have compiled project proposals and contacted potential investors who would support your dream.
While this might seem like a perfect plan to execute, here’s the bigger catch: leave your stable job and become a full-time entrepreneur is not just an easy feat.
The idea of launching your own business seems appealing for anyone, especially young-spirited generations such as Millennials. However, it should be noted that not everyone is suited to be a leader. Rather than gambling your hard-earned career and regretting the decision later, it will be better to notice your own leadership capabilities first.
While it might sound cool to be your own boss, being an entrepreneur requires a strong will, dedication, and commitment in the whole process. Before you leave your job and start your entrepreneur journey, here are four signs to tell that you might be more suitable for a job than being an entrepreneur:
- You hate changes and challenges
Being an entrepreneur means that you have to get ready for roller-coaster experience along the way. Flexible attitude to deal with unexpected changes and challenges is a must-have value for everyone who wants to succeed in their entrepreneurship journey. If you tend to find comfort in a flat environment with smooth movement, you might not be cut out to be a businessperson.
- You are not a good decision-maker
Being a leader means that you would be responsible to make all business-related decision. You might be able to hire consultants and ask them advices, but in the end, the decision is yours to make. As an entrepreneur, you will have a lot of things to decide. Be it product placement, office location, employee recruitment method, or target customers, you should be able to make the right decision that will bring your business move forward. If in the beginning you are not confident enough to make important decisions, chances are, you will find more difficulties along the way.
- You are afraid of taking risks
Entrepreneurship is tough, and you should be prepared to give your all. Despite every resources you might have on hand, there is no guarantee for success in the future. When you leave your job to realise your dream of creating your own brand, the process requires a huge willingness to take whatever risks it might bring in the future. However, if you have zero tolerance to risk and tend to play in your safe zone, you might need to rethink your intention to build your own startup.
- You lack of basic knowledge
As a new entrepreneur, it is true that you might not have experience level as Mark Zuckenberg or Jack Ma. However, not having adequate business knowledge and organisational skills will bring your startup nowhere but the downhills. Before creating your own business, you should support yourself with basic business, marketing, and accounting knowledge. Even if you do not have formal educational background on these fields, there are numerous courses available online that let you take classes for free. If you find you yourself lack of these knowledge, you might want to go back to your previous position as corporate employee.