It’s driving you nuts that your current boss seems like a bonehead.
You know that life could be much better going solo.
Or maybe you’re passionate about the gadget you’ve designed, and feel compelled to build a zillion of them to sell worldwide? Or maybe you imagine earning mega bucks by becoming the next Bill Gates, sailing away on your yacht before age thirty?
How do you assess your personal and financial situation to determine the feasibility of starting a business? Could you quit your job to give this new venture 100% of your time? Or do you need to transition into entrepreneurial life gradually?
Is it better to just say no?
Type 1. If the idea of no steady paycheck and no benefits terrifies you, and you excitedly look forward to three weeks paid vacation and the holiday bonus check, then starting your own business might not be for you. Does the threat of too much risk and uncertainty ruminate around in your brain? Have you bitten your fingernails to the bone?
Type 2. When you own a small business, you are the boss. You make the decisions and you have the ability to earn more money because you directly reap the rewards of your hard work compared to an employee with limited income potential You’ve been told you’re a self starter, hard working and never lazy. People say you’re a born leader, decisive, disciplined, a great communicator, and a peacemaker.
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