Entrepreneurship as a career choice?

In our mission to advise, inform and inspire business owners and managers we offer these ideas for your consideration. 

Are you an entrepreneur?  Should you be?  Is it really the right career choice for you?

If you are planning to start your own business, or if you are questioning whether you should be running a business, here are some ideas to consider.

Do you really want to own your own business?  The advantages are attractive,but don’t forget the disadvantages that are an inevitable part of that choice.  

The Advantages

• Unlimited opportunity and freedom to pursue your dreams

• Continuous challenge and variety of experiences

• Your own choice of management style and corporate culture

• Responsible for and involved in the whole business

• If the business does well, you do well

The Disadvantages

• There are still limits to what you can do or can control

• Many more people are now dependent on you to deliver

• Requires skills and knowledge you probably do not have

• Higher risk of failure, less secure financial future

• Cannot leave your job at the office

Business ownership still may be attractive to you, but does it fit your personality? The common characteristics of successful entrepreneurs generally include: Independent, confident, persistent, action-oriented, risk taker, passionate, persuasive, leader, achiever. 

If that describes you, then what about your personal expectations and preferences for lifestyle, work environment, compensation and rewards.  The comfort and support systems of the corporate environment will not likely be available to the entrepreneur; certainly not at the start-up phase. 

Do you have the education, training, experience and contact network that will support your business plan? These elements will affect your choices among the entrepreneurial options available to you:

• Home based business, multi-level marketing business

• Independent contractor – trade or professional

• Sales agent – insurance, real estate, financial services

• Franchisee – retail, fast food, business services

• Independent business – local, national, global

• Retailer, hospitality, consumer services

• Manufacturer, distributor, business services

• Internet or technology business, or ...

• maybe it's time for an entrepreneurial role in a corporate environment.

Having made a choice do you have a solid business plan that responds to a clearly defined market opportunity? Are you operating according to the plan and achieving the expected results?

These questions and approaches should help you to decide if entrepreneurship is the right career choice for you and to develop a plan for success. 

Good luck!  That also helps.

 Del Chatterson

For creative, practical solutions that apply to the specifics of your business, please call us at DirectTech Solutions.

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