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Business, Employment, Entrepreneurship, Improvement, Organization, Productivity, Success

How to Decide If You Should Quit Your Job and Become an Entrepreneur

For many employees, the beginning of the year signals the start of another long and dreary block of time until their next vacation. The festive decorations are put away, holiday parties have come and gone, and the hustle and bustle of preparing for family get-togethers is over. With a turn of the calendar page, the return to reality is a reminder for many that they dread getting up and going to work. Whether it is complacency, fear, or something else, people will often remain in a job they dislike for years, convinced that they have no other alternatives.

entrepreneurWhile many people use the New Year as an opportunity to make resolutions to improve or change the course of their personal life, others use it as motivation to finally leave their traditional job and become an entrepreneur.

According to one study, more people quit their job in January than in any other month of the year. Perhaps this transition is due, in part, to the desire to make a change in where you spend much of your life. Boredom, lack of challenge, and low salary are all key indicators of the reasons people spend the winter looking for a new job. If you’re looking for a new outlook on life this year, don’t simply look for a new job, look for a new adventure.

Wondering if this should be the year you should finally take the leap into entrepreneurship? Here are some signs you may be ready.

You’re passionate.

Starting a business can be exciting, even fun. Being your own boss, making your own decisions, and building your company exactly how you want are all empowering moments in your journey as an entrepreneur. However, the excitement quickly pales when sales are trickling in and leads are hard to come by. To push through the difficult days of building a business, you must have a sense of passion for your product or service.

You refuse to take “No” for an answer.

Entrepreneurs tend to be dreamers. They find solutions to problems, and if they can’t find a solution, they create one. As a result, they often challenge the status quo and try to accomplish things that others may not have ever considered. Even well-meaning friends and family members may find themselves saying something “isn’t possible.” For the entrepreneur, hearing “No” is a challenge and often fuels the fire of motivation.  Does this describe you?

You’re a self-starter.

self starFor many entrepreneurs, being able to set your own schedule and be your own boss is part of the appeal. It can also be one of the most intimidating parts of entrepreneurship.  Without someone else to motivate you, are you able to see what needs to be done and then work until it’s finished? Particularly in the early stages of starting a business, entrepreneurs start early and finish late, working weekends and holidays in order to get everything accomplished.

“Entrepreneurs: the only people who work 80 hour weeks to avoid working 40 hour weeks.”  – Lori Greiner, Shark Tank

You thrive on unpredictability.

The life of an entrepreneur is predictably unpredictable. From one day to the next, you may find yourself doing any number of tasks: packing, shipping, ordering, selling. In addition, entrepreneurs must be willing to pivot their business model quickly to respond to customer demand and market feasibility. If the thought of never knowing exactly what you’ll be doing from day to day makes you smile, you may be an entrepreneur at heart.

You’re relational.

team

Much of an entrepreneur’s success comes from their ability to build relationships with others. From vendors and investors to customers and employees, the entrepreneur must be able to convince others to buy into their vision for the company. Not a people person? It doesn’t mean your dream of entrepreneurship is over. Be honest about your limitations and partner with someone who has strengths where you are weak. Look for associates who have the people skills you lack.

Your current job is unfulfilling.

If you’re already dreading the long months until your next vacation (and it’s only mid-January), chances are good it’s time to make a change. Whether you feel unappreciated, are at the top of your career ladder, or have simply realized that you would rather work for yourself, becoming an entrepreneur can be one of the most rewarding career moves an individual can make.

You’ve been harboring a dream of entrepreneurship.

Most entrepreneurs spend nights and weekends planning what they would do if they ever quit their traditional job for months (or even years) before acting on their idea.  Instead of spending your work hours counting the minutes until the weekend starts again, make 2017 the year that you make your dream come true. Dust off the notebook where you scribbled your business plan idea, work out a time line for making it happen, and then take the leap.

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