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Thinking of Starting Your Own Business?


Unhappy about your current job position? Daydreaming about starting your own business? Regardless of your exact circumstance, this is the article for you as you prepare to take the plunge into the often intimidating world of entrepreneurship. No doubt, it’s by no means an easy ride and shouldn’t be taken for granted. But with sheer determination, willpower and an extra dose of hard work, you should be able to make both ends meet as you venture into this wonderful and exciting adventure of taking charge of your own business.


Through our series of articles dedicated to startups, we will take you through the various stages from generation of your business idea to conceptualization of your business objectives as you step up the entrepreneurship ladder and grow your business to new heights. We will have achieved our objective if, after going through these articles, you find yourself motivated and sufficiently armed up in powering your ambitions to setup your very own business.


In the first article of the series, we tackle a common dilemma faced by most people aiming to run their own business at some point. The often intriguing question of whether you should go ahead with your own business venture keeps on lingering with you day and night. Understandably, entrepreneurship is a risky world and venturing out in the entrepreneurship world without a firm and committed mind tantamount to waging a war without any weapon or war plan.


We set out below 7 signs which suggest you should really consider setting up your own business:


  • You’ve been pondering over it for sometime

Starting your own business isn’t an idea that pops in your head one day and the next day you’re marching into your boss’ office to quit your job. For many successful startups, it’s an idea they’ve considered perhaps for many years.


  • You are not risk averse


Wary and conscious of the inherent risks associated with the entrepreneurship world, entrepreneurs and business owners are not afraid to take the plunge and get their hands dirty at the expense of their comfort zones.


  • Driven by passion


Entrepreneurs are really passionate about what they do and will do everything possible to materialize their dreams into reality. They are driven by their passion to change the status quo and are powered by their desire to turn their vision into saleable product or service.​


  • Working for others is not your cup of tea


Whether you’re a control freak or just don’t like to be ordered around, you have always wanted to be your own boss. As your own boss, the destiny of your company lies in your own hands, which dictate the time to be allotted to the business.


  • Motivation and commitment


You are a self-motivating and committed person who doesn’t need to be pushed to take charge of things. The success of startups very often depends on the level of effort, motivation and commitment of the entrepreneurs.


  • You can do it better


For some people, the idea of setting up their own business arose by watching mistakes of current companies. Maybe the quality of a specific product or service being offered by current companies leave much to be desired and there are room for improvement. Whatever the reason, the impetus for many small business owners was the realization they would do it differently.


  • You want to make a name for yourself


Entrepreneurs and business owners are people with clear vision and desire to get something more from life. The prospect of making it big and in the process making a name for themselves are too appealing for them to ignore.



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