Monday, April 14, 2014
Three Reasons Why You Should NOT Quit Your Job To Work For Yourself
If you've ever thought about starting your own business, then you've probably done some research on the tremendous, possibly panic-inducing roller coaster ride you're in for. (If you haven't done any research, please stop reading right now and go do some).
It dawns on me that there is a ton of great advice out there about why you should quit your job to "enjoy" the rewards of working for yourself, but there's very little out there to tell you specifically why right now may not be the best time for you.
The truth is, running your own business takes endless amounts of stamina, drive, and patience. It's not for everyone. If you fall into any of these three categories, I strongly advise that you take a step back and think about what you're doing.
You should absolutely not quit your job and work for yourself if;
3). You Have An Idea.
This isn't to say that ideas are bad; on the contrary, your idea(s) may just take you where you want to go.
But...you have an idea. That's great. We all have ideas. What have you done to bring your idea out of your head and into the real world? What steps have you taken to legally protect yourself from being ripped off? Have you considered patenting? Copyrighting? Can you do either of these things to protect your idea? Have you spent any time fleshing out your idea, on paper or anything else, to bring it to life?
It's often said that ideas are worthless, and at birth, they are.
Realizing them, however, is another matter entirely.
2). You Are Tired Of Answering To Other People.
I hear this one a lot.The truth is you will free yourself from a lot of management, but you may never stop having someone you have to answer too. You may have readers who keep you afloat or investors who demand updates. Neither of whom you can afford to piss off.
You may become independently wealthy one day (and if you do, please hold onto my email), but until then, you will more than likely still have to account for your time to someone while you're starting up.
And the number one reason is...
1). You Hate Your Job.
I hear this more than anything else, and I cannot overly stress how detrimental this is to your endeavor.
So you're stuck in a job where the management treats you like complete and total crap and in their eyes the sole purpose of your existence is to squeeze every drop of vitality from you until there's nothing left, at which point they cast you aside and bring in the next victim. I get it. I've been there. A lot of us have been there.
But quitting your job--eliminating your primary source of income--to work for yourself may be the worst thing you can do. You will be acting on impulse rather than planning and it may not be long before you find the bills coming due, and that once-glorious idea you had to change the world is a lot harder to bring to fruition than you realized.
Then you find you can't go back.
Now, don't get me wrong; there are plenty of reasons to start your own business, and chances are you may have a great idea that will indeed provide self-sufficiency. But it will not happen overnight, it will take time, planning, and execution. Start out for the wrong reasons and you may be doomed before you start.
Best of luck.
Thanks for reading.