Entrepreneurs have been thriving on social networks for several years. At only 30 years old, they are already launching their business thanks to Instagram, Facebook, or their blogs; and they find unexpected success.
The “Insta Entrepreneurs ´´ can sometimes distort the entrepreneurial spirit, and encourage individuals to embark on an adventure that doesn’t belong to them. Here are the 5 signs that indicate you’re not ready to launch a business.
Despite all the inspiring images that can be found on Instagram, not everyone is destined to be an entrepreneur. It is true that entrepreneurship can open the doors to a life with fewer limitations and more freedom, but it can also lead to a nightmare if you are not up to the demands of employment.
Many people have started a business without knowing where they were going. Consequently, they failed, and sometimes even went into debt. Before making the same mistake and jumping into the void, you must take into account certain points. Above all, don’t jump if you recognize yourself among the signs that indicate that you are not ready to start this challenge.
#1 You’re not motivated
Motivation is your internal engine. We all know that without an engine, a car can’t get far. Well, without motivation, neither can the entrepreneur. The ability to do things on your own, to have some autonomy and to perform all your tasks even on days when you feel lazy, are essential. If you’re still waiting for your parents, teachers, bosses or friends to tell you what to do and when to do it, you may not be ready to start.
#2 You can’t take the pressure
The stress of running a business can be overwhelming. The pressure will be constant, and you will have to be able to deal with many obstacles without losing your cool. Some people are more productive and effective at coping with high levels of stress, but if you’re not one of them, you’ll need to rethink your professional future.
#3 Your previous studies are not complete
Every start-up of a company requires an exhaustive market study. Before you start, you’ll need to familiarize yourself with all the important aspects of the market, and the scope of your business: how to make a profit, what is the budget needed to enter the market, who are the influential people who can help you, who is your audience,…
#4 You’re not passionate about your idea
You have a brief business idea in mind and you think it can work. In addition to the motivation necessary for the success of your business, you also need a real passion. G. W. Hegel once said, “Nothing important has been achieved in the world without passion. Think of your business as long term, you will have to stay alert for years and that will only be possible if you are passionate.
#5 You don’t have a strategy
Don’t confuse market research with strategy development. Many entrepreneurs who fail or survive vaguely have simply copied their competitive strategies. Each individual is unique and for them, each business must be unique as well. What works for competitors may not work for you. Take the time to establish a unique strategy that highlights your differentiation points. Why should consumers turn to you and not your competitor? By doing things right, you won’t even have competence, but if you keep copying others, entrepreneurial spirit is not your thing.
If you recognize yourself in certain points of this article, it would be better to wait a few years before launching. Taking your time is not negative, on the contrary. The maturity of the entrepreneur is also a key determinant of success and does not appear at the same time for everyone. Some 8-year-olds will have the commercial maturity that an 80-year-old adult will never have.
If you decide to take the step, you can rely on the most innovative technologies. Having a call center software in your company , for example, will make the work of your agents more efficient and quicker. In addition, your clients will be totally satisfied thanks to the good management of the calls provided by this service. Another tip: you need to ask yourself the right questions. Are you motivated? Can you handle the pressure? Have you studied your case well? Are you passionate about what you are going to do? If your answers are “yes´´, go for it!
Emma Smith, PR and content manager at www.fonvirtual.com. Fonvirtual provides companies and entrepreneurs with international virtual phone numbers and other virtual services. I’m interested in digital marketing, technology, and international logistics. I am a usual collaborator in blogs, where I try to spread the word of telecom services in international business.