Entrepreneurs - Planning Your Escape From Your Job Template

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ENTREPRENEURS: PLANNING YOUR ESCAPE FROM YOUR JOB What's stopping you from just walking out of your job to start your own business today? It's likely to be one of two things: common sense or Integrity. Both are very valuable commodities. Common Sense and Integrity Common sense says that you will most likely have commitments, obligations, and responsibilities that show up monthly, weekly, and even daily. It would not be smart to risk any of those commitments with any brash, cavalier action. It could cost you dearly both in the immediate future and long term. Also, you would put both yourself and your new business under immense pressure if you were under the gun right off the starting blocks. It's significantly better to have the support of your family, your bank, and countless other individuals and institutions when you are starting a new venture. Integrity takes a long time to earn, including the integrity you have earned at your current place of work, both with your employers and with your work colleagues. These could well be some very useful and influential contacts a little further down the road. It's unwise and unhelpful to put your integrity in jeopardy when it's unnecessary. So, instead of just pulling the plug, it's important to plan your escape from your current employment with both common sense and integrity in mind. Preparing for Your Business It makes good sense to do plenty of research on your new business and get all your questions answered before you make any decisions on anything. Consider these ideas: Get an insider's opinion. If you could get an insiders' view of that business, it would serve you well. Standing on the outside looking in is a lot different from being on the inside looking out. It could save you a lot of time and money. Find someone who has already walked the path you intend to tread and ask them, "If you were doing this all over again, what would you do differently?" Their answer will probably be the most valuable conversation you could possibly have for your new business. How will you generate a profit? It's important to figure out, to the best of your ability, the easiest and most effective way of generating a profit from your new business.