How many times have we heard people say this when they are at a turning point?
So often the default is to look for a job, any job, but sometimes the answer might lie in yourself.
Are you someone who has an idea or a dream which means stepping out on your own and starting a business? Or even starting a non profit because you have a calling to help others?
Being an entrepreneur is an exciting possibility. You have to start with an idea that you are passionate about, you have to have a lot of determination and a big helping of luck. Passion is what fires up a new business, discipline and determination are what fuels you through the everyday challenges of running your own shop.
So your first step is to examine the idea that you are passionate about. Is it a real possibility or just a dream that doesn’t hold up to the light of day? Have you looked at the competition? Is anyone in your area doing something similar and if so how well are they doing? Is your version of this business different enough to compete? Or maybe it’s not geographically constrained, it’s a product you can sell on the internet. But the same questions apply. Is anyone else selling something similar? Is there room for another version of this idea in the marketplace?
Let’s say that the answer to these questions is yes, there is room for the business you want to start and there is no prohibitive competition. The next question you should ask is how will you support yourself while you get this business off the ground? Do you have a financial cushion behind you or a partner to help support you? Or do you have a job you can do while you work to make your own business a reality?
And if the answer to those questions as well is yes, then you only have one more to ask yourself. Are you suited to this type of life which requires immense discipline and determination, are you willing to put in the hours and to make your dream the priority in your life (see our other blog, Do You Have An Entrepreneurial Personality)?
If this all sounds a little unnerving and you think you need to bounce your idea of others, the good news is that there is help for you in the northwest hills. We at the Womens Enterprise Initiative celebrate people like you, we hold out our hands and – for no fee- offer to help you down the path towards your future.
We will start by sitting down with you and talking through your idea for a business: Is it realistic? What is the competition? Can you make a living out of it?
And once those questions are answered, we can help you chart a course, help you see if a loan or a grant is available to fund your dream, and make sure that you are being realistic the whole time.
We won’t do the work for you, but WEI will be there to help you leap hurdles and whether your dream is for profit or non profit, to offer advice and mentoring as you travel the road to success.