Should You Hire Yourself?

When you make the decision to start your own business, this is a really THE critical question.

The answer to this question should consider several different factors:

1. If you currently have a job, what problem is going to be solved by leaving it? If you are leaving your current job just to get away from the stress, the hours, and responsibility – you better re-think things.
2. How long can you survive without any income? Expect the first business revenues to go right back into the business.
3. Will your lifestyle support your entrepreneurism? What about your spouse, and kids?  Starting your own business is going to have an impact on those closest to you.  How are you prepared to manage that?
4. What adjustments do you need to make in your current circumstances to pull this off?  And, can you make the changes necessary? If you need additional skills, experience or contacts to make it work, you might be better off taking time to develop them before making the jump.
5. Have you really looked at the downside? Sometimes the grass IS greener on the other side of the fence, but that doesn’t mean there aren’t a lot of weeds.  Talk to others who have gone down this path and ask them about what they can’t stand, and what they wish they could change.
6. Are you most interested in the money – or in being happy and fulfilled? They aren’t necessarily mutually-exclusive, but if you are only driven by the money, your odds of succeeding drop considerably.  Those most likely to achieve success are those who are driven by their passions.
7. Do you have any other choice? Unfortunately, in the current environment, many people don’t have a lot of options – but that doesn’t mean you can overlook all the other issues.

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