Entrepreneurship can be rewarding on many levels, it requires a certain type of person to excel, whether they are venturing into this world straight out of school or transitioning out of a 9-to-5 career.
Ever wondered what you need to ask yourself before committing to the title of an entrepreneur?
Are you financially secured? It is a risk after all!
Don’t underestimate the financial risk associated with being an entrepreneur. A fixed income might not be something you could count on for a while.
How is your support system?
Make sure you have a good bunch of family and friends that have your back and are there for you when you need a push and motivation. Keep you network intact and use it wisely.
Can you manage to live on basics? No luxury + extra benefits for a while?
If not, entrepreneurship may not be for you. It’s often the personal sacrifices that make the biggest difference. Would you sell your car and take public transportation to your office if that meant being able to invest more money into your business? Would you sell your house and move into a small apartment if that meant being able to grow your business faster?
Can you envision your success?
Believe you can and you're halfway there. -- Theodore Roosevelt
Where do you stand in this?