The number of employees who want to pivot themselves and be entrepreneur is quite big. However, most of them still do the same mistake. They regard their business as their part-time activity, while it shouldn’t actually be treated that way. Success must be pursued at all cost. Take athletes, who dedicate all their time and energy to train and be better, for example.
Being an entrepreneur should be a full-time job, as a businessman would approximately spend no less than 40 hours per week for their business. This is called commitment, something that even draws the attention of investors.
Once a person treats his business as a part-time activity, his revenue would level a part-timer as well. Hence, an employee must be brave enough to resign from his company and start his own business. A risky decision, it is, but it’s necessary to make millions and even more.
These things are fundamental to be taken into consideration before really deciding to resign from your current job.
1. Have enough saving
Ideally, you have collected enough money for your daily spending for at least the coming six months before quitting your job. This will give you convenience, so that the bills won’t restrain your concentration while building your business empire. Always train yourself to spend as minimum as possible and manage your expenses wisely. This will be highly beneficial for you and your business.
2. Design an aggressive timeline
Create a personal due date suggesting that you will collect money for your expenses in six month in no more than 18 months. If you can’t do it, there’s something wrong with the way you manage your business plan.
3. Say no to part-time jobs
After quitting your job and starting your startup, you might be tempted to take side jobs. Well, don’t. It will add more stresses and distract you from your business.
4. Don’t expect others to help you
Do questions like, “Isn’t it better to start a business after you’re positive that it will give you profit?”, “What would you do if it’s not that profitable?”, or “Is it even a good idea?” still influence your decision when doing businesses? If yes, then you must start ignoring them.
Surround yourself with people who really support you. Listen to Dick Costolo, Twitter’s CEO, who suggested that we must be ones who have the “thick skin”.
5. Finalize your business plan in 18 months
Business plan is the main pillar of an entrepreneur. Really spend your time to develop the best one for your business. Use 18 months as your due date before finally giving the “one month” or “two months notice” to your boss at work.
