Knowing When It's Time To Start Your Own Business

Have you spent most of your time making someoneexample, let's say you are working for a consulting
else rich? You have mastered your job and you knowfirm. If you could produce some of your own clients
you provide value to the company you work for. Dowithout being in conflict with your current job, then you
you believe that the company you work for, has lostwould be on the right track to get your business going.
touch with its original vision? Do you have a burningForget about the fancy stationary and mahogany
desire to stake on your own and create your owndesks, you need a web page and a brochure to get
company? Then maybe it is time to go for it. But, it isstarted.
not as easy as opening a business and then makingThere are of course situations where you need a retail
profits a day later. There is research, planning, licensing,presence in order for people to come to you. I am
and preparation that goes into starting your owncurrently in the process of opening a natural health
business. Even if it is a field that you know very well, itweight loss clinic. I need to have a clinic in order to bring
doesn't mean you will be an instant success. I watchedpeople in, so I partnered up with someone who already
a friend of mine who was good at his consulting job,operates another type of clinic. I found other people
crash and burn when he tried to do it on his own. Thiswho were interested in operating this type of clinic and
friend put more emphasis on appearing to beI got some much needed funding from them. I am
successful before he even had one client. He boughtproviding the "know how" and the enthusiasm. I was
fancy furniture, remodeled a high rent retail location,the spark that lit the fire, and I found a need and a
and hired a large staff. There was one key ingredientlocation. When you are starting your own business,
that he was missing and that was clients. He didn'tand your funds are limited you have to be creative.
have a clue as to how to bring in clients to his firm.You might even have to bring in partners, or work out
This is often the biggest mistake that people makeof your house at first. If your desire is there and you
when starting their own business. They want thework every day at necessary tasks, you will build your
fancy office and the prestige of owning their ownbusiness to be successful. It will be difficult at first and
business, and they want to fly before they crawl. Thisyou will probably put in a lot of hours, but if you keep
is a sure fire prescription for disaster.your eye on the prize you can make it happen.
Don't Quit Your Day Job! To truly start your businessRemember, to take small steps to get into the door.
and build it to last you must first test the waters. I hadYour key is to take care of the people that are right in
the honor of once speaking to Ken Blanchard, who isfront of you and treat them right so they come back
the best-selling author of the "One Minute Manager"and bring more people.
series and also the owner of the multinationalIf starting a business has always been a desire of
management firm "The Ken Blanchard Companies."yours, then I recommend you start reading some
Ken has always been a mentor of mine and I havebooks by entrepreneurs that you respect; Like Bill
read most of the books that he has written. I spoke toGates, or Richard Branson. Get inside their mind from
him shortly after he wrote the book, "The One Minutetheir perspective and think about yourself from that
Entrepreneur". Ken says that you shouldn't quit yourposition. Talk to other entrepreneurs and observe
day job until you actually are making some income insome of the good things and the bad things that occur
your own business and you are getting busy enoughat your current business. If you really believe that you
to drop your current job. He also said that if you arecan provide something better and provide value, then
working on your own and you are not making anyyou are ready to begin your journey.
money then it is a hobby and not a business. As an