“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:

  1. 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.

  1. 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.

  1. 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.

  1. 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.

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‘If you find your favourite hobby, turn it into a job and then you will never work again.’ Hayley Jones

What makes you accept your current job? Is it owing to your background education, good pay check, the company’s future prospect, the prestige, or your passion and hobby? Having passion towards what you do for a living is the key to happiness and fun working experience. Some people tend to see their work-life and hobbies as two different things. But what if you could actually transform your hobbies, bring in an element of more enthusiasm to create a winning-career for life? Sounds exciting? So is it achievable too.

The best job is done when you are having fun working on the project and it brings in an element of added joy while endowing you with a purpose for life. When people enjoy what they do for a living, they tend to give better performance and make the best of it.

Feeling committed to their job, they gain higher accomplishment compared to those who are not motivated towards their work. No wonder that in today’s rapidly-competitive world, more people are deciding to pursue a career by working for jobs they love, and in turn create a money-making machine.

Do you aspire  to join the bandwagon of these successful entrepreneurs who have transformed their hobbies into billion-dollar ventures today? Then, here are some tips that could guide you on your journey to turn your passion into a living:

  1.       Think out of the box

If you want to transform your hobbies to a winning career for life, you cannot be just mediocre hobbyist. You should dig deeper to develop upon your hobbies and make sure to master necessary knowledge related to it.

When you possess all of them, you should elevate your way of thinking to keep innovating and create something different. For example, if cooking is your hobby and you want to monetise upon the art and skill, you cannot just rely on available cake and cookie recipes already tried by consumers in the market today. You need to be innovative and creative to think out of the box to offer something new. To draw people’s interest to your brand, you have to come up with your own original recipe.

  1.       Get ready, stay focused

While you might be proud of your photography style as a part-time hobby. But if you have decided to turn the love for photography into a full-time business, then you need to distinguish your photography style by exploring insights into the industry and offer something new. You should be ready to give it your all and start right from the bottom. Success takes time and is a long process. It does not matter if you were a respected manager in your previous company. If you have decided to build on your own business, you should come to terms with the fact that every beginning starts with a scratch.

  1.       Be open-minded

None might criticise your hobby since most know it’s not a career for life. However when you convert your hobbies into real-business, then you have to allow opening up your mental horizons to garner new insights, thoughts, ideas, and even criticisms from others.

Before pushing your products into the market, it is important to ask for continuous feedback and suggestion from your family, friends, or relatives so you can improve better.

  1.       Don’t give up too soon

The process of transforming your hobby into a profit-making enterprise is not easy. Therefore, hardwork and persistence are the keywords you should stick by, if you want your business to succeed in the longer run.

You might need to sacrifice your sleeping hours or miss out on the latest TV show, when you are working on your projects. But, as long as you keep the enthusiasm high, your hard work will pay off towards the end of the day.

  1.       Keep it simple

Yes, you need to keep innovating your products or services. Yet, you should bear in mind that simplicity is the best policy. Do not make things complicated, or else you will not be able to communicate your brand to the potential customers.

Start your business with something simple that people can associate with in their daily life, to attract your targeted clients. Make sure to always stick to your main goals and success is only a byproduct of persistent hard work.

Be it gardening, cooking, sewing, writing stories, painting, or singing, there is always a way to transform hobbies into meaningful careers. All you have to do is step up and rise to the challenges on your entrepreneurship journey and get ready for the thrill it brings.

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