Some people find their motivation to start a company at an early age, while others work for years earning before deciding to start their own business. In any case, the desire to be their manager is the main motivation for starting a company.
There are a few articles that urge you to start your own company! However, not everyone should start his own company. If more than 80 percent of small businesses fail and pause to analyze why they start a business, we would probably have fewer firms and more success than there were. You do not have to start your own business if any of these reasons apply to you:
You Are Trying To Escape Something.
Let me guess: you despise your job and believe you can use a company like this better than your employer. Even if you do not get high marks in your performance tests, you still blame everyone except you. Starting a business seems like a dream come true: you will be in charge, and you will be able to move away from anything that worries you.
This is not a good reason. If you want to be successful, you have to be successful in business. If not, because your motives for starting a business are very weak, you simply hide your problems and produce more.
You Want To Be In Charge.
You are a control freak, no doubt. The kitchen should be cleaned in a certain way, and if the workplace is substandard, you need your staff to remodel it. If you run a business, you have complete control over everything … unless you have one. You have no control over when clients pay you or want to get your stuff or not. You can’t make your employees do things according to your irrational needs.
You Need To Make A Fortune
I’m not sure where it came from, but there is this shiny cloud around starting a business. A few success stories have led people to believe that they can start a business easily and become extremely wealthy. Think of a typical small business: do you believe your plumber is hiring it? Is there a shoe store on the corner? Millions of entrepreneurs exist, but they are few and far between. You have to reconsider your expectations.
You Wanna Spend Time With Your Loved Ones
You can use this reason if you are cool by introducing a modest lifestyle company, such as weaving baby clothes and selling them on Etsy. Remember, though, that having more time means earning less money than you do now.
Few people learn the art of measuring time and money when it comes to running a business. Also, if you work from home to spend time with your children, you will not be able to give your full attention to your business.
You Want To Be A Media Star, Right?
You get sick of looking at Kylie Jenner in articles and you know that if you were a successful businessman like her, you would get a lot of attention. But, dear, believe me when I say that reaching Jenner’s level requires years of hard work and dedication, not to mention high-level public relations workers. You will soon find out that the media does not care about you or your business once you start installing it.
You Are In Love, But You Do Not Know Where You Are Going With It.
Eager to help animals, so you decide to create a riding business. You just don’t know how to do business or how to advertise. Sure, you can learn these skills on your own, but consider whether there are other ways to pursue your love without compromising your health, lowering your income, or increasing your stress.
You Have Contacts
If you think you have contacts who will help you when you start a business, you may be wrong. Things change a lot when you ask people for something. Always trust your business professionals, such as FBABEE Prep Service and ShipO for your shipping needs.
However, you can only ship your items after you know exactly what you are selling. If you start a business without knowing who will buy your goods, you are setting yourself up for failure.
You Believe You Will Be Able To Get A Bank Loan.
You do not have enough money in your savings account to cover 1-2 years of personal and corporate needs, but you are sure to get a small business loan. Be unsure: banks are reluctant to fund new, unproven firms, so if you have recently left your job, you may want to call your former boss again. You can visit here to know about how to create business insurance.
It is a great life decision that you will have to stick to for the foreseeable future. Control what you expect when you do the first million, and accept that it will require a lot of sweat, patience, and perseverance to achieve that goal.