Making the leap from having a boss to being your own boss is a gutsy one and once you factor in age, family, mortgage payments, rising education cost. etc. the leap can feel far too great and far too risky. The opportunity seems more doable and exciting when the only person it affects is you. So, when to say when IS the million dollar question with a potential million dollar return.
If you have become an expert in your field, have a product or service that is valuable and unique, and there’s a world of untapped potential if you can just get yourself out there to do it…..then it’s time to take the leap.
Contributing writer for the Baltimore Business Journal, Bob Corlett, offered a few suggestions to fellow entrepreneurs that might need a little extra push to break free and turn their dreams of business ownership into a reality.
- Become heavily trained and vested in your field. Attend seminars, read books, talk to other subject-matter experts. Knowledge is power and highly valued when it comes to selling a service or product.
- Learn from other’s mistakes. “Stupid is as stupid does.” Don’t make the same mistakes of others in the same industry as yours. Be inquisitive and insightful.
- When a company becomes too heavily dependent on your knowledge, then the high value you have created for yourself is flowing back into the company and not to you. Turn the tables around.
- When you become an expert in your field and others try to tell you how to do your job which forces you to sacrifice your professional convictions and beliefs, then it’s time to take the leap.
Interesting enough, Corlett also commented, “The word entrepreneur is a French word meaning unemployable. I knew that to do my best work, I could no longer fit in someone else’s structure, I’d have to build a place from the ground up.”
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Source: Baltimore Business Journal