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Today, I read a good, fun article on Harvard Business Review by Daniel Isenberg which is test about whether you should be an entrepreneur or not. It consists of twenty questions (like all good tests should!) and based upon my answers to those question, I should be an entrepreneur.
However, Daniel makes some very good points which you should consider in addition to his test. He asks about whether you have schools fees to pay, debts to pay off, alimony to cover and so on. If you answer yes to any of these questions, then you should hold off starting your own business until you are in a position to be able to support yourself while you get your business up and running. You need to be able to focus your time and attention onto running your business and not how you are going to keep your household going.
But also, Isenberg states that you should answer the questions honestly. That seems a strange thing to say but it is very easy to answer the questions in a subjective because you might be in a position where you hate your employed status and just want to get out of it no matter what the price you. This is foolish. You have to be completely objective with your answers and be truthful with yourself.
If you are not truthful with yourself at this stage then you run the risk of running your whole business on a judgments and decisions which are too subjective or unrealistic. And, in business, you need to be tough and realistic. Yes, of course, you need to be full of energy, enthusiasm and drive for setting up your own business. But you need to be true to yourself.
For instance, if you leave your employment to start a business, you might be setting it up around what you hope the market wants rather than what they actually want. It sounds stupid but if you start to fit your business around what you think the market wants rather than what they do want, you will find that your business is whole lot harder to run and is more likely to fail.
Isenberg's advice is sound. I know. I didn't follow it when I started my own business and it cost me.
[/caption]Today, I read a good, fun article on Harvard Business Review by Daniel Isenberg which is test about whether you should be an entrepreneur or not. It consists of twenty questions (like all good tests should!) and based upon my answers to those question, I should be an entrepreneur.
However, Daniel makes some very good points which you should consider in addition to his test. He asks about whether you have schools fees to pay, debts to pay off, alimony to cover and so on. If you answer yes to any of these questions, then you should hold off starting your own business until you are in a position to be able to support yourself while you get your business up and running. You need to be able to focus your time and attention onto running your business and not how you are going to keep your household going.
But also, Isenberg states that you should answer the questions honestly. That seems a strange thing to say but it is very easy to answer the questions in a subjective because you might be in a position where you hate your employed status and just want to get out of it no matter what the price you. This is foolish. You have to be completely objective with your answers and be truthful with yourself.
If you are not truthful with yourself at this stage then you run the risk of running your whole business on a judgments and decisions which are too subjective or unrealistic. And, in business, you need to be tough and realistic. Yes, of course, you need to be full of energy, enthusiasm and drive for setting up your own business. But you need to be true to yourself.
For instance, if you leave your employment to start a business, you might be setting it up around what you hope the market wants rather than what they actually want. It sounds stupid but if you start to fit your business around what you think the market wants rather than what they do want, you will find that your business is whole lot harder to run and is more likely to fail.
Isenberg's advice is sound. I know. I didn't follow it when I started my own business and it cost me.
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