Are You Ready For Business Start-up?


by Julie Barnes

You just kissed corporate America good-bye as you kick up your feet while running out the door excitedly, because you’re going to start your business. But… are you ready for what will feel like the equivalent of running a 20k marathon. After all, you left your corporate job as a “team” member and now you’re a one person show that will have to do everything from sales to accounting, not to mention actually doing the work that brings in the money. If you’re reading this, thinking I’m ready to start my business…wait just a minute. Ask yourself the following questions…

1. Do I have the money saved up to survive during the start-up phase?
Unless your last name is Buffett and your setting on a hefty trust fund, then you’re going to need a savings account with actual money in it, before leaving cubical nation. Most people say you need three to six months of living and… don’t forget business expenses… saved up before launching. In this economy, it may take longer to turn a profit, so plan on having six months to a year saved up.

2. Can you sell it?
In order to make money, you’re going to have to sell your product or service. You may be used to “doing” the work, but not “getting” the work. Now… you’ll have to both.

3. Can you go without?
Starting a business involves making sacrifices like spending less time with friends, missing your favorite tv show or spending less money.

4. Are ready for the long days?
Since you’re wearing all hats now, you’ll be putting in more hours than you may be used to during the start-up phase.

5. Are you a quitter?
There will be many roadblocks that’ll pop up during your journey through entrepreneurship. But… you have to persevere through. You’ll feel so rewarded when you bust through any obstacles.

How about you…are you ready for business start-up?

Julie Barnes is a Freelance Writer specializing in Business, Travel and SEO Copywriting, while traveling the great USA full-time in a 42 ft RV.  Her newest book “How They Did It…36 Entrepreneurs Tell How They Launched the Business of Their Dreams” is available here. Visit her website at http://www.onewhowrites.com/. Follow Julie on Twitter at www.twitter.com/juliebarnesusa

Julie Barnes is a regular contributor to the Secrets of Success blog

4 comments

Zsa Zsa said...

I think these are excellent questions, Julie. My friend was recently talking about quitting her job and starting her own business. I would love to share this list with her so she could reflect on her plans and see if she's really ready.

Julie Barnes said...

Thank you Zsa Zsa! Please do! I think in this economy, it's a great idea to reflect before taking the leap into entrepreneurship.

Daniel said...

Thanks for this post Julie. We need to be 100% prepared emotionally, physically and financially when starting-up a business. Working moms who would like to venture in entrepreneurship must be knowledgeable of the products they want to sell, their target market and their competitors.

Julie Barnes said...

You're welcome Daniel. You also bring up some great points. Thank you for your post!

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