Working from home is tempting but even more intriguing is the idea of not working for anyone but yourself. It’s a liberating thought that drives us each day to become more and more prepared for it. According to Guidant Financial, the top motivation for someone to open their own business is that they’re ready to become their own boss. So, do you have what it takes?
Almost everyone is interested in starting a business of their own. Everyone wants to break the pattern of working 9 to 5, five days a week, and we all want to succeed. But there are some mandatory entrepreneurial skills you need to master if you want to become your own ideal boss. For starters, you need to embrace the fact that starting a business comes with obstacles. Inevitably.
As reported by Forbes, working from home can improve performance by 13%. Sounds promising, and it would be if people that fall into the 87 % group didn’t let distractions get in their way. If you are one of the people that want to start working on their terms, here are the questions you need to ask yourself to make sure you are ready to be your own boss.
Will You Be Self-Disciplined and Embrace the Workload?
There are two significant matters of being a boss to yourself or to anyone – responsibility and workload. The prestigious role comes with a lot of work that often gets underestimated. You need to be prepared that there will be times where you’d think this is too much, and that’s exactly the moment you will need to keep going.
Most of the entrepreneurs and people starting a business based at home (at least at first) share that they feel more comfortable working from their own places. And as much as working while drinking coffee in bed sounds amazing, you need to actually be the one in charge and instruct yourself to create the right working atmosphere. Self-discipline is a significant skill to master if you want to be great at what you do.
Do You Have the Needed Insights?
There are different reasons why start-up companies don’t prosper but CB Insights report that the main one is the lack of a market need for their product. Thus, before heading rapidly into a new business think about its essence. Is it something people actually need? Do you know how to be better than your competition? Do you have a unique selling proposition that will make you stand out?
As pointed in the beginning, being your own boss comes with many challenges. There are lots of reasons why people fail, but not being ready should not be one of them. So, read as much as you can and try as many things as possible. This will help you see all perspectives, prepare you, and train the skills needed.
Are You the Leader People Need?
23% of businesses fail due to the absence of a team. This absence may come from either no budget or a lack of ability to lead people. Remember, you want to start a business because you don’t want anyone else to be your boss. And that’s because no one wants a boss. Not even the people that will work for you. So, instead of being that, be their leader.
Learn how to inspire with your ideas, how to motivate, and how to make people passionate. Guide them. Be prepared to take responsibility for the fall-outs.
To Sum Up
Focus on value. Our experience has thought us that businesses that succeed have as their mission to not gain from people but let people gain with them. Being your own boss means controlling things and being in charge, but it also means being responsible for making everything better. Your life, your customers and clients, and with time – your services and products.
By being self-disciplined and ready to work hard, by gathering insights constantly, and leading rather than commanding, you can always be one step ahead. And if all that was written above made perfect sense to you, you are more than ready to be your own boss.