To follow up last week’s link about how daunting it is to start your own business, here’s another link about how daunting it is to start your own business. This one comes from Andrew Hamada over on LinkedIn. In it, he shares his insights from having started several successful businesses (and, maybe more importantly, several very unsuccessful businesses) himself.
Why are we posting this? First, to reiterate how hard it is to strike out on your own and why it’s so important to learn as much as you can, even if it’s from a job you don’t like. The more you learn what works and what doesn’t work in business, the better chance your own business will have at success.
But that’s not the only reason. No, we also wanted to emphasize that you won’t ever be 100% ready. Just like a star college athlete will struggle in the pros, you too will face difficulty starting out as a new small business owner. There will be obstacles you won’t even know are there until you run right into them, pressures you’ll only realize until they’re weighing you down.
Is this meant to be discouraging? No. Quite the opposite, actually. Yes, you want to hold down a steady job for a while, to learn what it’s like to go into an office every day and execute someone else’s ideas. This will teach you about compromise and discipline. But if you’re an entrepreneur, there’s going to have to be a time when you have to close your eyes, plug your nose, and jump. Don’t wait until you feel absolutely, totally ready, because that time will never come.
That’s what Hamada’s post sums up so nicely: a) that this is hard, so make sure you know just what you’re getting yourself into; and b) you’ll never know just what you’re getting yourself into. So, read what he has to say, and ask yourself, are you ready… enough?