As it is with all things good and worthwhile, starting and growing your business takes drive, patience, and countless hours of work. There are some obvious exceptions, but I liken creating a business to starting your retirement fund. You can’t put your first month in and expect to be rich… it’s something you cultivate, and over time it pays off. There are things you can do to change the risk/reward balance, but the safest way is the slow and steady approach. If you have an idea that you think will make a great business, the best time to start that business is RIGHT NOW.
Before you quite your day job, let me walk you back really quick. There are several ways you can start your business:
- You can be independently wealthy, quit your job, and refocus your attention to your new flame (because you are your own safety net).
- You can assume a large amount of risk and take out a loan (and fund your business on future hopes and dreams)
- You can take baby steps, make your business a side-project, and when it meets your current needs, focus all of your attention on it.
Admittedly, I’ve left off the most sexy option.
Quit your day job, start your business, and magically have customers or an investor throw a bunch of money at you. It’s not that I don’t believe that’s possible for you, IT’S JUST HIGHLY UNLIKELY that you’ll nail your product-market fit on your first iteration.
If you are sitting at the intersection of wanting to quit your day job to pursue your dream job…
STOP DREAMING. START DOING.
But do it with all the information.
Don’t go reading all the blogs that promise “The 5 Easy Steps to Making All the Money.” and start your business with a head full of dreams. Research your market, make a business plan, and make educated decisions and guesses. Don’t do it tomorrow. Do it today.
Roll your sleeves up. Get your hands dirty. And get excited about one of the hardest challenges of your life.
PS. If you want some advice and a grounded perspective on what that takes to create your own business, join my community, and receive my blog in your inbox.