signs that you are not ready for entrepreneurship- Kimanzi Constable

1. You aren’t self-motivated.

Entrepreneurship is lonely at times but you only get out of it what you put in. The ability get things done working alone is important. You have to be self-motivated to complete tasks, especially when you don’t feel like it.

If you are the type of person who needs a boss telling you what’s next, you are not ready.

2. You haven’t established the foundation.

Before you consider leaving that steady paycheck, you should have a foundation established. This foundation includes a generous emergency fund—you never know when things won’t work out as planned. It should also include a strong financial base. Your debt shouldn’t be out of control and you should have enough currently to pay your bills comfortable. Income from entrepreneurship can be sporadic and you want to prepare the best you can.

Now this:  HOW YOU CAN SET UP A SUCCESSFUL ‘MITUMBA’ BUSINESS

3. You get flustered under pressure.

The stress of a business will be overwhelming at times. You have to juggle running the business while dealing with pressure from many angles. If you crumble under pressure and stress, think twice about entrepreneurship.

4. You haven’t done enough research.

Whatever business you want to start will require research. Before you take the first steps you should become an expert on what it will take to be profitable. The Internet and social media provide an opportunity to do some efficient research on building a profitable business. Take advantage.

 

5. You have no passion for the business you want to start.

Passion isn’t enough to build a business but you better believe it’s an important part of the equation. There are times when a business feels like a job. Your passion is what reminds you of what you have. It helps you continue to move forward. If you don’t have a passion for any one thing, you are not ready for entrepreneurship.

Now this:  Unlock Kenya’s entrepreneurship potential to create jobs

6. Your growth strategy is what somebody else did.

Growing a business can be fun, or it can frustrate you into quitting. When there’s a lack of growth or research, people turn to copying a successful entrepreneur. What worked for someone else probably won’t work for you. Each of us is different and so are our businesses. We have to find what works for us where we are in the process. If you are relying on copying someone else, you are not ready for entrepreneurship.

Now this:  HOW TO ESTABLISH AN ENTERTAINMENT HOUSE IN KENYA

Don’t leave your day job if you’re not ready for the uncertainty that comes with entrepreneurship. I love having a business and the freedom entrepreneurship provides, but I recognize how hard this life can be.

Get honest with yourself about what you want from life. Get honest about whether entrepreneurship is right for you, and if you’re ready. It takes some time to get ready. That’s fine. It’s better to build your dream on the side with a plan than to turn a dream into a nightmare.

courtesy of entrepreneur.com

TheFounder Magazine

Made Of Founders

TheFounder Magazine is an online business magazine that focuses on starting, running and growing a business in Kenya today

No Comments Yet

Leave a Reply