Starting up a New VenturePosted: March 8, 2013
By Ismet Balihodzic
Are you wondering when is the right moment to quit your day job and become a full-time entrepreneur? A lot of entrepreneurs start pursuing a venture on weekends and in the evening. Think about the most important service provider startup and home-based crafters whose products’ line catch on and develop a following large enough to justify their full-time attention. Others take the plunge directly into full-time entrepreneurship because they can’t afford to be distracted by a day job and need to demonstrate their commitment to their business concept.
Experts are divided on this point, but the majority says that you should test everything before the launch of the company. So, allow yourself the space to plan, do, and review while you still have full-time employment. However, because of passion and commitment, some employees choose to leave the firm employing them in order to start their own business as the means to develop their own ideas.
One of many examples of people who have left their job to peruse an idea is Jeff Bezos. He quit his well-paying job for a New York City hedge found to follow his e-commerce project. Today, Jeffrey Preston Bezos is the President and the Chief Executive Officer of Amazon.com, a company that is playing a key role in the growth of e-commerce. Under his guidance, Amazon.com became the largest retailer in the World Wide Web and the model for Internet sales.
Sometimes ignorance is really a bliss
Deciding what is the ‘right time’ to start is difficult, but once you have analyzed the situation, studied all the consequences, and really believe in your idea you should have the courage to take risks! Even if you feel too green to jump right in and start.
- When you’re starting up, ignorance makes you more creative, unique, and effective
- When you go into something new without lots of knowledge about who was there before, you aren’t held back by the way it was approached before
This opens you up to greater possibilities so you’re more willing to take bigger risks, with bigger rewards.
Finally, according to Richard Branson, every entrepreneur needs to have a few lucky breaks to start a successful company. To create a business you’ve got to work day and night, weekends and holidays. It’s hard work. But lots of people do that and don’t succeed. So, those who have succeeded, do need to thank their lucky stars for the breakthroughs that got them to the top. But remember, don’t underestimate the importance of preparation and persistence.
“Ambition is the path to success, persistence is the vehicle you arrive in.” – William Eardley IV