What if you want to start a business. Do you have to quit your job?
Of course not! If you haven’t yet launched your new business, I have some advice for you.
The advice is to start your new business as a project. What that means is that you don’t quit your day job. You don’t raise capital. You don’t focus 100% of your effort on it.
Rather, you work on it as much as you can in your spare time until it either becomes something, or it doesn’t.
The point is to start your new business as a project. Obviously, this depends on your choice of business. If it’s a restaurant, there’s not much of a project as it requires full time attention. But if it’s network marketing, for example, you can start developing it and see if you are able to start growing your business…but remember, during the time you dedicate to your project, you have to be committed 100% to your project. This raises the rate of success, trust me on this!
Once you can prove that the project is developing into a viable business, you create a real company for it and you can quit your day job if you want to.
There is however entrepreneurs who believe that they will never succeed if they are not fully swamped into their project. Well, there’s definitely something to be said for the entrepreneur that is so passionate about their business that they’re willing to fully launch it from the get go.
To leave the comfort of their current job and take all the risk. In these cases, I like that the entrepreneur can’t blame their current job for limiting their time. They fully immerse themselves in their business, and give it their best possible shot. And in many cases, this total commitment is what drives success.
The key here is probably that everyone’s situation is different. The young entrepreneur might have an advantage in that it may be easier to leave their current position and jump 100% into their business. Conversely, the older entrepreneur with the family and mortgage may be less able to shoulder the risk of foregoing their current salary.
The choice is yours – take the leap fully or partially. Each can result in success.
The only choice that I truly hate is doing nothing. Too many people sit with great ideas in their heads but fail to act on them. And then, when someone else successfully executes on their idea, they say, “Hey, that was my idea.”
To them I unfortunately say, “Who cares – it’s the entrepreneur’s willingness to commit and execute on the idea that really matters!”
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