At some point in our lives, I don’t think there is any of us who hasn’t considered starting their own business. Perhaps you have always dreamed of being your own boss, or maybe this is the first time. Often what stops us is a mixture of a few things, but mostly, uncertainty.
How do you know if you are ready to be your own boss? Being your own boss is an incredibly exciting adventure, but obviously also comes with its own draw backs. All decisions are in your hands, and at the end of the day your pay check is in your control.
Having a steady job means never having to worry about where your next pay check is coming from. It just gets paid. However, on the other hand being your own boss means flexibility. You define your role, your work hours and the direction of your business. If you are smart, and your business is successful it could mean an ultimate potential for income!
With that being said, how do you know when you are ready to start your own business, and be your own boss? Here are some signs that you are ready – the rest is up to you.
You Want to Set Your Own Schedule
Freedom is often the number 1 reason people want to be their own boss. When you are employed you do not have the freedom to set you own schedule. You are governed by what your boss tells you to do.
When you work for yourself you are empowered with the freedom of choice. If you personal circumstances change, or something unexpected pops up – no problem just change your schedule. A lot of stress and anxiety of full-time workers is often attributed to strict work schedules.
According to the World Health Organisation, “employees are less likely to experience work related stress when control can be exercised over their work and the way they do it.” Unfortunately, in many cases the reality is this often does not happen.
Many business opportunities, especially online business, allows for endless flexibility. By choosing a business that supports your lifestyle and work desires, you can decrease stress in your life. Imagine how much better you would feel without that stress, let alone the health benefits!
You Want More Control
According to Jean-Pierre Brun, the director chair on Occupational Heath and Safety Management Running at the Université de Laval, the cost of stress related issues is $300 billion in the US alone.
A large contributing factor to this, is a lack of control over decision making. During his presentation, Jean-Pierre presented multiple articles to support this, including
- Lack of decision-making latitude and recognition increases the risk of cardiovascular diseases (Karasek, 1990, Marmot et al., 1997, Siegrist, 1996)
- Great decision-making power reduces rates of absences and turnover (Bond and Bunce, 2001; Bond, Griffin, 1991; Wahlstedt and Edling, 1997).
Both surmise that by allowing employees a greater level of control in their job, employers can significantly reduce absenteeism, turnover and general health.
When you own your own business, all decisions are ultimately yours. The benefits to your health, previously mentioned work life balance, and general well being is incredible.
Often people wishing to start their own business come from work places or positions where they feel they have little say you important decisions in the business. It can be a constantly source of frustration when you are continually presented with problems, that you have no control over fixing.
If you find yourself in this position, or just generally wanting more control you may be ready to be your own boss!
You Want More Purpose in Your Life
Do you find working for someone else unfulfilling? Before starting my own online affiliate marketing business, I constantly found myself in projects building exciting tech applications. As great as this was, it ultimately left me unfulfilled as regardless of my contribution, the end result I did not own.
In a way it often felt like all my hard work was getting credited to the owners. According to a recent article from the Gettysburge College, 1/3 of your life is spent at work! If you don’t absolutely love what you are doing, and get a sense of purpose out of it then you better find something else to do!
Feeling that you have a sense of purpose in life may help you live longer, no matter what your age, according to research published in Psychological Science, a journal of the Association for Psychological Science.
One of the main drivers in people starting their own business is in the pursuit of purpose. When you own your own business as we spoke of earlier, every decision is in your control. And that feels great when you are successful! If you chose something you are passionate about AND make money working won’t feel like a chore.
As Thomas Edison said, “I never did a day’s work in my life, it was all fun”
You Like Learning, Are Passionate and Self Motivated
The final sign that you may be ready to be your own boss, is that you are a passionate, self-motivated purpose who loves to learn! Being your own boss is challenging. With all the decisions landing on you, it’s up to you to have the knowledge to make the right decisions.
If you enjoy a challenge, and like learning new things then being your own boss is perfect for you! Naturally being your own boss requires a lot of self-motivation and passion. When you work for someone else, you have a boss to keep you accounted. Someone to set you goals, and ensure you stick to them.
When you work for yourself it is often up to you, to motivate yourself. Often the dependency on your success to pay the bills is a strong motivator. But you would be amazed at how easily you can let things slip when you are successful.
If you are someone who can motivate yourself, stay committed and are passionate about achieving financial success, then being your own boss is perfect for you. You must be willing to invest in your own education and learning. So many people when starting out online think they can do it all on their own.
In a way it’s true, google is an amazing resource. However, it would take a significant amount of time. Plus, you would have to navigate through countless scams, and different ideas that may not work. Instead you should learn from people that know what they are doing and have had success doing it.
There is nothing wrong with buying a training course or doing some coaching. In fact, it often will shortcut your road to success, and save you money in the long run!
Now It’s Time to Be Your Own Boss
You tick all the boxes and now you want to start your own business and be your own boss. Where do you begin? Well as I suggested you absolutely should invest in yourself. Making money online is quite easy, if you know what you are doing. But it does take time and effort like any business.
If you think you can get rich quick online, or you have come across a system that claims you can, you are unfortunately mistaken. However, there are short cuts. If you learn the right way to market your business, you can get to sales sooner.
In my time with Affiliated Success I have reviewed countless systems and training courses. My number 1 goal is to find the BEST way to make money online! Which I will gladly share with you, so you don’t have to waste yours like I did when I started out.
If you understand that you need to work to make money online. You need to be committed to set up an online business to eventually earn you a passive income, then read on. If you want to make money fast, and lots of it, this isn’t for you.
Below is my number 1 recommendation for making money online. It will teach you the tools YOU NEED to make money online, and to be successful. Regardless of how you want to make money online you need to know how to sell it, where to sell it, and how to run your business. This is how I learnt ALL of that, and grew to the position I am in today.