Tweet

Are You Ready to Work for Yourself?

Written by: Michael Hemenway

Article Overview: There are certain things you have to keep in mind while you are thinking about working for yourself. You must have some experience and enough money to start a business of your own. Also, you need to make sure that you know which line of business you want to follow and that your family is with you.

Are You Ready to Work for Yourself?

Quitting a job to start a business is a momentous decision. Hence, weigh everything before taking the plunge in the business world, either as a stand-alone businessperson or as a franchisee. If you are thinking how to go about it, here are some points to ponder before you take the final decision:

• Do you have enough experience? Having some basic business skills is necessary, if you wish to work for yourself. While it’s a must for stand-alone business, it’s necessary for starting a franchise as well. Top franchises always look for people with some experience in the fields of marketing, sales and management. So, make sure you have gained enough experience before leaving your job.

• Are you sure what type of business you want to do? Answering this question is very important. Do you want to start a business in your professional field or do you want to start a business on something you like to do? If you want to leave your present job because you hate the daily grind, then the second option is better for you. In any business, whether franchised or not, you have to work doubly hard. So, if you don’t enjoy your work, then you are not going to find success. On the other hand, if your decision to start a business is driven by ambition to excel more in your professional life, then the first option is good for you. If you think that your present job is hindering your progress, then let your expertise work for your own benefits!

• Do I have the required money? Business costs lot of money and that is something you should make provision for before going solo. If you are starting a franchise, you will get able guidance from your franchisor in this department. You will know how much money you will need and where you can get it from. But, if you are thinking of starting a stand-alone business, then you have to do all these by yourself. That is why most people opt for starting a franchise than starting a stand-alone business when they think about working for themselves.

• Is my family with me? Having your family with you in your decision to work for yourself is very important. They will have to adjust to any change in family finance and your work schedule. If your partner is working, then he or she can support the family during the initial start-up period.

There are many more things to consider before you start working for yourself. If you are thinking about starting a franchise, then consult premier franchise consulting sites such as www.brandexpansion.com for more information.

Related Articles
  Change Ready Companies Experience Faster Success in Sales Development
  Don't Be Afraid Your Life Will End?
  Negativity can push you to greatness
  Is the student ready?
  The Media Mantra: Prepare, Prepare, Prepare

Article Tags: able guidance, ambition, business costs, business skills, business world, expertise work, final decision, first option, franchisee, franchisor, going solo, marketing sales, momentous decision, money business, professional field, professional life, quitting a job, sure what type, taking the plunge, top franchises



Related Forum Posts
Books for Women Entrepreneurs - There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here. It doesn't matter how successful you are in your business - it's always possible to learn something new. In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment! 1. The Old Girl's Network 2. Mother's Work 3. The 7 Greatest Truths About Successful Women 4. Pitch Like A Girl 5. Workplace Warrior 6. Treasure Hunt: Inside the Mind of the Modern Consumer 7. Contingency Planning & Disaster Recovery 8. She Wins, You Win 9. Napoleon On Project Management 10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do 11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years 12. The One Minute Millionaire 13. Talking From 9 to 5 14. Soloing: Realizing Your Life's Ambitions 15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success 16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded 17. Fail-Proof Your Business: Beat the Odds and be Successful 18. Confidence: How Winning Streaks and Losing Streaks Begin and End 19. Women Don't Ask: Negotiation and the Gender Divide 20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen 21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business 22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker 23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business 24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises 25. Net Ready: Strategies for Success in the E-conomy 26. The Promotable Woman 27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it 28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home 29. Secrets of Six-Figure Women
How can I best help you? - I'm looking forward to sharing my ideas and insights here about taking your business to the next level. Before I jump in, I'd love to find out what would be most helpful to you. So, I'd appreciate hearing your responses to: How can I best help you to take your business to the next level? What are you struggling with at the moment? What would you most like to learn? and I'll do my best in responding to you Ready, get set, go . . . Wendy
Re: Five Personality Traits of Successful Business Owners - 1. Focus 2. Ability to Adapt 3. Hard Work 4. Good planning 5. People Skills
Re: Books for the Entrepreneur - Another great book for internet entrepreneurs is The Four Hour Work Week by Timothy Ferris MichelleJ
Try wikipedia.com for more information - That depends what type of business you are involved in. Maybe if you share that, we can help you a little better. I work mostly in the Work at Home industry so my advice would only be along those lines.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Ten Steps to Go from Idea to E-book for Sale

Why Marketing Outsourcing is Growing So Quickly

Tips to Take Control of Credit Card Debt

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.