Launching a Startup – When You Should vs When You Shouldn’t. Starting a company and making the choice to move from being an employee to being an entrepreneur is one of those activities that is often painted in an unrealistically rosy picture. Sure, if you’re successful at it, there’s nothing better than being your own boss, doing something you love, and making a comfortable living doing it. But what does getting there actually entail?
This is one in a number of posts targeted at helping “would-be” entrepreneurs get free from the gate and on the road towards establishing a running business that belongs to them.
Why take the risk of launching your Guide On Starting A Business? There are plenty of great factors behind launching your very own start-up. Included in this are:
* The chance to maintain control and do the things you should do: you can succeed or fail on your own
* Lacking anyone tell you what to do: you might be your own boss
* The ability to create new things: the opportunity to bring something totally new into existence with no constraints often faced by larger companies
* The chance to impact the planet: to develop a brand new way to communicate, a new method to spend less, a brand new approach to collaborate, or anything else to help make the world a better place
* Money: when things go right, there may be a lot of cash in successful start-ups
* These are the more fundamental reasons for starting a start-up.
* The downside to launching your very own business
You can find just about as many, if not more, reasons not to start up a start-up.
* They can be emotionally draining: from exuberant highs to depressing lows, start-ups can constantly put you via an emotional rollercoaster
* Nothing happens except if you ensure it is happen: in established companies, everything happens according to a fixed list of operational procedures, but in a start-up, you need to do virtually everything yourself
* You might be constantly told “NO”: except if you come from a sales background, perhaps you are not utilized to being told “NO” all the time, and it isn’t very fun
* Hiring is extremely difficult: you are constantly faced with casual shoppers, folks who aren’t as serious or passionate about your idea as you are, and you end up being taken for a ride prior to being told “NO”
* The hours can be grueling: despite books, articles and workshops promoting the perfect work/life balance, as a start-up entrepreneur, it isn’t likely you will get a great deal of life outside running your company, a minimum of initially
Still ready to take the plunge?
OK, so I haven’t talked you away from your conviction that starting your personal organization is what you wish to do. Alright, fair enough. It seems you happen to be convinced that it’s the way to go. If you believe you’re ready, great! There is no time such as the present, and opportunities abound for people who unwaveringly wish to see things through. If you wish to get your business ready to go, below are a few stuff you to aid get you going:
* What is your business idea?
* What will you name your business, product or service?
* How would you go about constructing a team?
* How will you build a business with a thriving work culture?
* How will you market yourself?
* How exactly does your team communicate, and how can you establish your online presence?
* How will you try out your idea and collect valuable customer opinions?
* How could you raise funds, or like-minded business collaborators?
Within the next series of upcoming posts, we’ll proceed through the above points subsequently to provide you with an improved grasp of what you should do, and how to do it, in order to successfully get your own business off the floor and go sqiuro being an employee to being a business owner.