Quitting stable employment for a home business is a brave & risky move. To achieve his business ambitions and taste success, every business person would in the end have to take this step. Giving up a lucrative career to start a home business would naturally involve a grave amount of risks. However the risk could hold a lot of potential also, if you have the right plan, the right idea, the right resources and the right mental attitude to make this happen the way you want it to.
Starting your own business is the testing platform for your risk taking ability and if anyone tells you something else, ignore. Provided you are ready to slog out without the world even noticing what you are doing then putting in your papers should not be very dangerous. Business involves making critical decisions and taking some of the riskiest steps forward and you would see profits coming in. Like most other things in life, practice makes you a perfect business analyst.
There are plenty of reasons which come in the way of giving up your job, though this is the quintessential part before starting a home business. At the outset it is a difficult personal decision to say goodbye to some good friends and colleagues. The problem becomes worse when you are a loyal person by nature and people find you dependable, then the whole experience is very disconcerting. Additionally, giving up a job means drying up of income which is tough especially when you have to pay the bills and look after a family.
These are stumbling blocks which you have to pass through with flying colors for which you need a strong mind that is completely focused. You can not take the decision to quit your regular job on a whimsical basis and you need to be completely sure of your business plan before you think about it. It is foolish to quit your regular job unless you have enough money stashed away or your business plan is concretized so that this money could sustain you till such times that your home business starts to yield profits. It would be great if you can rope in a partner during this interim phase that takes care of all your bills.
The normal growth curve for any business is loss in the first year and break even during the next couple of years if everything goes as per plan. The lucky ones see some profits rolling from year three. So is it tough to start a home business?
Author: Thulas SukatiThis author has published 12 articles so far.