You’ve probably been considering starting a business of your own in Nigeria,but then it’s on hold because you’ll love to wait for the perfect time and circumstance. That moment when you have enough money, that moment when you would have gotten adequate experience that’ll help you run the business smoothly.
Unfortunately, there is never a perfect time to start a business. No matter how long you wait, you’ll never be experienced enough, you’ll never have enough capital, and you’ll never have zero risk. In Nigeria, due to the economic situation, there’s always a chance that your business will fail, but there’s also always a chance that it will succeed.
That being said, while there are no perfect times to start a business, there are good times to start a business. And if you’ve experienced one of these five signs, it could be time for you to finally begin your entrepreneurial journey:
1. Your job is no longer fulfilling
In every job, you’re going to have good days and bad days. Just because you have a few bad days in a row,that doesn’t necessarily mean the only way out is to start your own business. But if through both god and bad days, you feel like your job truly isn’t fulfilling, it may be time to consider owning your own business.
Typically, people stop feeling fulfilled when they aren’t able to do the work they want to do. Often, this is because someone is else is calling all the shots. If you’re thrilled at the idea of setting your own schedule, delegating your own tasks, and tackling the work you want to tackle, it may be time to pursue entrepreneurship.
2. You have an idea you’re passionate about
If you’re thinking about entrepreneurship, you probably already have an idea for a business. Is it one that you aren’t very interested in, but you think it could make a lot of money? Is it one that you’re passionate about, but you aren’t sure of all the details?
Believe it or not, the second option is a better sign that you’re ready to start a business. Even if you have a great idea on paper, if you aren’t passionate about it, you aren’t going to be driven to make that idea successful. The most successful entrepreneurs are ones who begin with passion in their hearts, and if you’ve already found yours, you could be ready to begin.
3. You have a support system
Very few entrepreneurs are able to go it alone. While you might be the only person making decisions at the top, you’re going to need friends, family members, resources and mentors who can guide you through the toughest decisions and be there to pick you up when you inevitably fall.
Your spouse, children and friends need to know your desire for entrepreneurship, and even if they’re not sure about it, they need to support you through the process. In some cases, that may mean being ready to pick up additional income should the business not turn out as you expected. In others, that simply means being someone to run decisions by. In any case, having a support system is an important step before you officially pursue the startup life.
4. You can know how to sell
You have the passion an drive. You can have a clear vision of where exactly you want your business to go. You can even have the greatest product with a killer hook. Unfortunately, none of that will matter if you don’t know how to sell.
When starting a business, selling is paramount to your success. But, selling isn’t just talking to customers. Investors, partners, your employees, even your spouse and family will need to be sold. Effective selling is about how well you can communicate an idea so others will buy in to it so they take ownership as well.
Are you ready for business? Do you fall into any of these categories? Tell us through the comment box!