It’s one of the scariest questions anyone asks themselves but feeling like you want to start your own business isn’t a feeling you should ignore. You’ve already taken a significant step by searching for this article, it means this isn’t just a fanciful dream for you. However, having the drive to achieve your dream and being ready to pursue it are different things.
If you’re considering starting your own business but are unsure if you’re ready to, there are three questions you need to ask yourself.
Are you still progressing in your current role?
A lot of successful business owners started their businesses in times of crisis such as being made redundant from their job, but you don’t have to wait for disaster to hit to make the move. Even if you are comfortable in your current role, this doesn’t mean it is fulfilling you.
Maybe you’ve hit a career wall or you don’t like where the next step will take you. Outside of general dissatisfaction, other signs that you are ready to leave that role and start your own business are:
- You’re no longer being challenged
- You’ve maxed out your skills
- You don’t feel like you’re making an impact anymore
- You’re thinking about starting your own business
Are you prepared to fail?
Fear of failure is the number one thing that stops pretty much anyone doing anything. Business owners cannot give in to this fear. It doesn’t mean that you don’t feel it, it means that you don’t let it control you.
Starting, running and growing your own business will have many elements of trial and error. You’re going to fail and you have to be prepared to pick yourself up and keep pushing forward. If you are someone who accepts failure as part of the journey then you’re ready to start your own business.
Do you have a plan?
At some point in their careers, many think about starting their own business. But, a lot of those people dream of starting the next Apple or Amazon. The ambition is great but that’s as far as they get – the potential end result.
If you’ve gone beyond this and mapped out who your first customer will be, the problem you’ll help them solve and how you’ll do this, then you’re already miles ahead of these people. It means that you’re starting your business for the right reasons, sustainable reasons that won’t destroy your motivation if things don’t always go to plan.
You don’t have to do it alone
Another reason aspiring business owners never get started is because they don’t have any support. Even if your family and friends encourage your ambitions, they’re usually not able to help with the more technical side. Growth Titans is a dedicated space for aspiring and established business owners just like you.
As well as access to a live community of hundreds of experienced business owners ready to offer support, Growth Titans is filled with videos, articles, templates, worksheets and masterclasses all dedicated to growing your business. Become a Growth Titan and get serious about starting your own business.
