Understanding When to Quit Your Job and Take an Entrepreneurial Jump Every individual possesses an entrepreneurial spirit, and that spirit decides the potential to run that business. Everybody is not willing to take the risk of quitting their job, instead they prefer working as an entrepreneur. These are the people who fulfils others dream by bringing great improvements and innovations into the company. Then there is another set of people for whom getting job and working for others is never an option. So they come up with their own ventures.
There comes a point when entrepreneurs have to take risk and quit their jobs. But it is important that you are taking the decision intelligently while quitting the job. To make intelligent decisions you have to prepare yourself for the day you will quit your job. The first step is to plan well. Make a road map and put everything on it. From where your office will be located to the product you will sell. It is very important to keep on tracking as much errors as possible. This will end you up with great business plan leading to greater execution. Make sure that every point in your road map is equipped with strong details.
Always keep time in consideration while planning. It is one of the most important components of planning because things are changing rapidly. All the planning can be useless if things are not
executed on time. Get in touch with big industry leaders and mentors to get the right direction. They are people which will provide you the right direction when things are not going according to the plan. Mentors have experienced all that we are trying to execute; hence their guidance will allow us not to make the same mistakes. We can do effective decision making with the help of our mentors. Arrange finances and make contingency plan. Both of these things are very important before you quit your job. You must identify what is the worst that can happen and how will you manage that. Moreover, even if the business is growing, extra financing will be needed. So think hard that how will these prospected problems will be handled.
After you have planned, financed, found the mentor and made contingency plan, it is the time for you to give a shot. If today you are not going to make your dream true, someone else will start capitalizing on your dream.
Reference: http://www.researchomatic.com/a-successful-entrepreneur-with-asuccessful-business-154878.html