Are you interested in starting your own business? Are you tired of the corporate grind? If you’re still reading then chances are that you’re interested in starting your own side business. Of course we all live in the real world and “following your passions” is only easy in the movies. This is why I wanted to look at the major issues that go along with venturing off on your own and how you can avoid them:
This is of course the greatest obstacle for most. We all need money to survive. We need to money to pay the bills and to put food on the table. It’s completely irresponsible when I read some sort of entrepreneurial article that suggests you quit your job. How foolish is that? Instead of dwelling over money matters for a long time, let’s look at how-to get over money concerns:
This is likely the most challenging aspect of venturing off on your own because we’re all just inherently horrible at time management. When you work in a 9-5 job your day is usually scheduled out for you. When you start working from home, you might be up until 4AM getting stuff done, and then wake up at 1PM for breakfast. Instead of throwing feel good advice out, I wanted to share two simple, yet effective time management tips:
Once you get over your own financial situation and the amount of time that you have in a given day, you then might begin to stress about how exactly you will generate income from your new business. Here are a few tips to ease your income fears a bit:
Search for demand. Google Adwords Keyword Tool, Clickbank, or Wordtracker Keyword Tool to see where the demand stands. A quick search for the phrase “gmat” in Wordtracker displayed all kinds of interesting results. This means that if you just wrote your GMAT test and are looking to help others, then you could see what areas in this field people are searching for help. You could offer GMAT help or GMAT sample tests to generate some revenue since the demand is clearly there.
How much are others making? I’m sure we’ve all heard that a rising tide floats all ships. If you want to get into a field where there’s lots of demand and others are making good money, then this could calm you down a bit as you fear your income situation. Being the first ever Facebook relationship expert can be a bit scarier than helping students with their GMAT test.
My question at the end of the day to you is, what do you have to be afraid of? Steve Jobs said it best:
“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking, and don’t settle. As with all matters of the heart,…you’ll know when you find it.”
Img src: rpm12
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