When to move from being and employee to an entrepreneur ?

There comes a time when an individual wants to start his or her own business. Certain signs and your mind tells you that you are ready to start your own company and take your path to entrepreneurship.  

So when do you actually know that it”™s time for you to move from being an employee to an entrepreneur.

1. When you are tired of thinking about it

Every employee thinks at least once what it would be like to be run a business and what would it be like if they ran the company they are working in. If you have been planning to get out of your job and start your own company from a very long time and haven”™t been doing anything about it then you need to start doing something about your ideas and not just sit there and wonder.

When you start suffocating for not starting your idea as a business find yourself wasting away your days you need to get out there and get your hands on what you want to do.

2. You have support

Starting a business without support can be difficult and very challenging. But if you already have a support then it is much easier although there will still be challenges but then you feel safer with the support to guide you and give  a helping hand be it the investment or partnership, etc.

3. You like your work but not your job

You might enjoy what you are doing but it”™s not necessary that you will like your job as well. If your job does not make you feel like you are doing enough or you are not being able to grow its time you do take things in your hand and start planning for your own business.

4. You have a perfect business idea

Any business starts with an idea and if you are sure about your idea you can start focusing in building a company of your own. Make sure your business idea has market value and it is going to be of help for others so you can create an easy demand and make an actually business out of it.

5. You have a plan

Ideas are the first step but reality is planning. If you have only been building castles in the cloud then you need to come down and start working with the bricks on the actual ground. It does no good dwelling in dreams unless you are going to bring that dream to life. Therefore planning builds a solid ground for your business idea so you can have more real view about what you are actually going to do as it will lead to establishing a successful company.

6. You have a plan B

When you are sure about your business idea and how you are going to build it leave a little room for ”œif” as this will keep you safe. As it says brave are not the ones who do not fear it”™s the fools who do not know when to actually fear and lose it all although small measures could have saved them. It takes courage to start a new business and courage is what you show when you are afraid yet you choose to go through with it or take up a risk. Having said it is a risk if you are taking measures to see the otherwise. You are going to save yourself if you do so as one must be able to see from both sides while doing something as serious as starting their own business.

Sumathi

I’m a tax expert with over 10 years of professional experience. I’ve gained practical insights on GST and other Taxes during my tenture as a Tax expert and GST Trainer in Reach Accountant.