Most of my readers are entrepreneurs at heart. You want to do be, be more, create and do the things you see other people wrong, right.
You want to create something you can call your own, that you can stand behind and which you can control.
Starting your own company is a great option.
Starting as a project on the side
Many make the mistake of rushing in to a new project all guns blazing, just to learn that their ideas and skills weren’t really good enough.
I am more of the careful type, I like to test the project small scale before I go in 100%.
When I started my first company I kept my day job and worked on my new project evenings.
This worked well since I could get a lot of work done, I had a stable income so I didn’t have to stress about making the company profitable from the get go, since most companies don’t show a profit the first 12 months it was enormous relief of pressure.
Having the guts to go all in, even if you don’t in time
The mistake I made with my first project was that I didn’t have the guts to invest myself in it.
I knew that I needed help in many areas, but instead of hiring or investing, I tried to figure it out myself.
This is what killed my first company, the product was poor and it took too long a time to get it to the market, before I was able to launch there were multiple competitors already out there with much better products.
Having a clear goal and plenty of support
When you start your project you work double, both on your day job and on your side project, it is important to have the support of your family since it will take its toll.
Before you start it is therefore important that you have a clear goal of what you want.
What is it you are after? How will your life look when you succeed? What will your business look like? And so on.
Knowing this before hand will help you family see why it is a good idea for you to start your side project. Because if they only see it as you working more and spending less time with them, why would they want you to do it?
They love you and want to be with you, show them how in the long run this project will give them that.
The amazing feeling when you can quit your day job
The day you quit your day job and move over to your business full time is incredible, you feel as though you have succeeded!
This is the first step into becoming a true entrepreneur. Once you are working on your project full time you can dial up your efforts, expand and quickly start achieving your goals.
If you want to learn more about how to make your goals reality, join our email newsletter “Your Path to Your Dreams” and you will receive tips and advice, and even a free copy of our e-book “How to make Selling Easy” and “The Beginners Guide to Success”.
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Hi Daniel,
Good advice, the pressure to earn money quickly – when is all you have is your business is enormous.
I have made that mistake and have had to go back to working for someone else – just to relieve the pressure.
You might want to recheck the first paragraph or your post.
Thanks Chris, I will.
I know how hard it can be to start a business, the important thing is not to give up.
Hey Daniel,
These are some of the great points you have mentioned. It is very important to be realistic even though taking a little risk sometimes can be also okay.
Having a clear goal and plan is also very important to be successful.
Hope you are having a great day
Hey Ashvini,
I have made these mistakes myself so I hope I can help others avoid them
Hi Daniel,
Thanks for sharing this inspiring story! I recognize many of the idea you have: I still have my steady job and start a business project as a side project. It is safe and give the opportunity to learn how to be an entrepreneur. Having a great goal and support of my partner is absolutely useful. I know that I will succeed – however, when I’m not yet sure.
Hey Marc,
You are doing a great job with your business.
I am sure it will grow into a great one.
The one thing many forget though is that sooner or later you have to take the step to start working for your business full time as well.
You are so right, support is so beneficial. There are times when it gets tough and overwhelming, that will be the time when you need that support system.