Keys to a Successful Startup, pt. 6
There are many technological advances these days, like fax to email, that make starting a small business very feasible. But this doesn’t take away from the fact that it’s still a big risk.
The chances for success are very unlikely. It’s for this reason that very few entrepreneurs quit their day job, wanting to keep the benefits and the security. But ironically, the most successful small business ventures tend to have full time owners making it work.
It’s a huge limitation to small business owners to remain working at an 8 to 5 job. You have to pretend like your focused at your job during the day, while working long hours at night and weekends. Success at both can be unlikely.
So how do you quit your day job when you’ve got a mortgage to pay? Well, you might want to prepare yourself financially before starting the small business. Save extra money to live on. Sell your house and move into some place realty cheap. No one said that starting your own business wasn’t going to require some sacrifices.
Besides, there may be some real value in laying everything on the line for your business. By quitting your job and doing it full time you’re committing to succeed at any price. And it may require that kind of commitment to make it.
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Fax to Email