Have you been considering starting your own business? If so, then you are already probably well aware of the pitfalls you may encounter along the way and how mistakes can be made very quickly as you start your endeavor.
If you want to be your own boss, try answering these five questions first.
1. Can You Survive Financially?
Thousands of small businesses are started every month. While some find success, many others fail. So, can you survive financially and mentally if you end up in a position below where you were when you first started? Even if you do find success, you may also find that you aren’t making as much as you may have been before. Whilst having your own business can give you an uncapped income potential unlike a job, there are risks involved so this needs to be considered.
2. Can You Work Well Alone?
Thinking about your idea and then actually doing something with that idea are two very different things. Can you work alone without the encouragement of others? Being your own boss may result in high stress and poor mental health at times. You may have to work longer hours by yourself. However, the results may be far more positive so consider this if you want to start a business, and even if you don’t like working alone, you can always go into a co-working space.
3. Do You Have the Desire to Learn Marketing, Sales, and Accounting?
Being your own boss means you need to wear many hats. You have to always be learning something new that will help your business survive and thrive. The upside to this? You get to learn new skills involving sales, marketing, management, planning, and adaptability.
4. Do You Consider Yourself an Overachiever of Sorts?
When you have a clear goal in mind, you work hard to achieve that goal, but the goal needs to be just that -achievable. You can’t lose sight of everything else as you pursue goals.
5. Can You Delegate Tasks to Others?
The ability to delegate isn’t something that comes naturally to many people. Some people tend to be overly self-reliant and independent. However, as the boss, you need to be able to delegate tasks to others to free time up for yourself for other tasks that need your attention.
If you want to be your own boss, you need to consider your answers to these questions and decide if this is something you can realistically do. Maybe starting from scratch isn’t the best idea either. At Click Start Digital, we set up new online stores and sell them to people like you who are ready to be their own boss and start their online business.
Want to learn more? Contact us today for more information.