There are many people who dream of getting out from under the heel of their employer to work for themselves. You might want to stop working for restaurants to open your own business. But there are only a few who actually take the steps to become their own boss and are willing to do what it takes to be successfully self employed. If you're thinking that you might have what it takes to become self employed then thinking about some of these things should help you make your final decision.
To get a business off the ground and make it work, you're going to need to have a flexible schedule and be able to devote a good portion of your time to your work for at least the first couple of years. You will also need to be able to work around other people's schedules more than you would if you were working in an office setting and had been assigned a regular nine-to-five schedule. Make sure that you have the time to devote to your business venture before you dive in.
Look at the market for the business that you're thinking of opening and take a good hard look at how likely it is that you will be able to stay on your feet over the first few years. This was the key that launched DecksnStuff: while enjoying a successful career in the construction industry, Tim Harney spotted an opportunity to fill a need in the market using his existing skill set in a different way. While you might be an expert in fashion or be able to provide golf lessons to people of all performance levels, this is useless if you're not going to be able to find people who are willing to pay for your services. Make sure you have a plan for how you're going to make money right now and how you will build your business to the level where it starts to work without you putting in sixty plus hours a week. If you don't have a solid plan before you begin than it is unlikely your venture will survive the first six months.
Make sure you're a self-motivated and disciplined person. You might be a genius at design when you're working with builders who tell you exactly what they need to do. But, unless you're the type of person who likes to go out and find your own work and push yourself, you will find that it is very difficult to run a business on your own. You will have no one to answer to every day and for some people that might mean that you're getting very little done. You need to be the type of person who can fit all of the pieces together to run a full business. That means everything from knowing which members program you should join to what loan you should get to cover your start-up costs.
Read these 5 Steps To Starting Your Own Business.