With the sluggish job market and low level of patience, I have witnessed that people work in agony and continue to dream of having their own business. I have seen people who have left their dull and monotonous jobs to try their luck in entrepreneurship and surprisingly many of them have done wonders in business. There are so many reasons for a person to leave his job and do something of his own. Some of these reasons are listed below:
- My boss is a big pain to me
- I have a boring job
- My job doesn’t match my passion
- Nature of my job is hectic
- Late sitting culture irritates me a lot
- There is lot of politics in my office and I am unable to handle it
- Day by day the level of my dissatisfaction in office is increasing leading to decrease in my work productivity.
- I have piles of work to do
- I don’t expect any growth in my current job
- Day and night I dream of becoming an entrepreneur, after all that’s my passion
Do you think that any of these reasons look like your own reasons of dissatisfaction in job? Well, if yes, then even I will not suggest you to leave your job without giving an in depth thought at the idea. If you are frustrated with your current job, then try working at some other place. If you think that your current profile doesn’t match with your forte, go for a profile change. But if you feel that business is either there in your blood or it is there in your soul, go for a business. However, there are certain tips that might aid you in taking the right course of decision. Just look at these tips:
1) Complete the preliminary tasks
Don’t wait for your bubble of patience to burst. Don’t even wait for your boss to wave goodbye to you. If you can foresee that in very near future, your job will be at stake, then take necessary steps in advance. Start collecting the necessary information required for the business you want to be in while remaining in your present job. This way, you will save your time later and start earning again soon after you resign.
2) Explore the option of starting your business parallel to your job
Just by starting a parallel business, you tend to reduce your transition time from service to business. Moreover, while you are still in the job and tasting the flavor of the business, you will at least get to know your own confidence level in relation to your venture. In worst of the case, if you fail to manage your business, there will be nothing to crib about. You still have your job to continue.
3) Be ready with the back up plan
Here, the back up plan is in financial terms. The biggest loss of doing badly in a business is the loss of money. Even if you don’t predict this worst case, still it is advisable to always keep a buffer amount with you so that if in any case, thing went wrong, then you have sufficient funds to at least cover for your basic necessities. Higher the amount of buffer you keep, the better it is.
4) Double income is a boon
If you have a working spouse, then it is a blessing for you. Even if you fail at your endeavors of running your business successfully, you still have someone to earn and meet your necessities. I guess, this is the reason why many boys look for a working match. So this becomes a financial clause.
5) Repay your liabilities
One of my friends has recently resigned from a renowned company. Since he is not getting job, he is working hard to establish himself as an entrepreneur. But the problem is his fixed liabilities are becoming a cause of worry to him. Therefore, it is better to repay your financial obligations like your home loan, car loan, etc before you quit your job.
6) Prepare yourself beforehand to accept the situation
Future is uncertain, you can only give our best but you cannot guarantee the outcome as what you have desired. Prepare yourself mentally and financially against any set backs in case of failure of your business.
7) Stop being a copy-cat
Just because people in your social circle has left job and have done great in it doesn’t mean that you should also do it. Success depends on your hard work and good luck. So, better weigh your situation, understand your abilities, dig out the minute details and then take your decisions.
Learn to chalk out differences between your desires and necessities!!!