A recent article, Sobering Lessons All New Entrepreneurs Learn by Dan Radak says that nowadays, many people are aspiring to run their own business; they feel optimistic for the modern entrepreneur believing that we are in the Golden Age of Entrepreneurship. Are you one of them?
Here are three significant truths you should learn before quitting your job and jump on the bandwagon.
A great idea is not enough.
It’s not true that running a successful business is all about a brilliant idea and that everything will fall into place seamlessly. Thorough research, studies and planning are extremely necessary to have a successful startup. It takes a lot of skills and hard work (not a magic wand) to transform your idea into a viable product/service.
There are lots of obstacles.
The numerous obstacles that new entrepreneurs come across are sometimes devastating. Here are some issues your company might encounter and should be handled properly; otherwise you won’t go further.
- Funding is really difficult to obtain.
- Competition is just too tough to break through.
- Low or poor customer satisfaction.
- Employee turnover rate is high or inability to hire talent.
- You might realize that the office location you chose is shabby and you need to look for a modern office space like SouthPark Agile Office Space or SouthPark Executive Office Space.
Personal and family lives suffer.
Starting a company and managing it in the early stages will take a high toll on your personal and family life. It isn’t regular working hours, but it’s a 24/7, 365 days of the year. You need to work beyond your comfort zone (sacrificing the precious time with your family and your own leisure) in order to survive those fragile early years.
These truths may seem frightening, but learning these will strongly determine if you’re fully equipped to take your journey in the business realm. Looking for an office in SouthPark? Look no further! YourOffice-SouthPark offers you a wide choice of office and workspace solutions: single or multiple offices, team/conferencing/meeting spaces and virtual office packages. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.