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Ready to take the leap...need a push

 
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jwatkins

posts: 145

Feb 06, 2008 9:09 AM ET    Quote  Report Abuse
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Alright, I`ve had an idea for a business for over 15 years now. It is actually the perfect business for me. I have seen others start this same type of business across the country and I have read about their successes. This business model actually made the Top 100 here on SUN. Here`s my problem, I can quote my business plan from memory, I can tell you everything you would need to know to start this business, I am in the absolute perfect location to start this, I have no competition, I have contacts, etc. etc. etc. HOWEVER, for some reason I cannot seem to take that leap of faith and actually do it. I need to hear from the greats here at SUN as to how you actually made that final decision to just do it no matter what. I want to hear about your successes. I need motivation!

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Get Out of Debt
siansimon

posts: 3

Feb 06, 2008 9:54 AM ET    Quote  Report Abuse
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It sounds to me like you have everything going for you. The only thing I can think is that you may have a fear of rejection or failure? I`m not trying to be an amateur psychologist here, but that seems to be a problem for many people in getting started.

I started my business (solo practitioner) 11 years ago. At the time I didn`t really think about it. An opportunity came up so I just took it. I have had ups and downs over the years, but I cannot imagine no longer being in charge of my own destiny. I trust my livelihood to myself (with all my shortcomings) rather than a nameless bureacrat in an ivory tower in some corporate HQ.

Rejection is not failure. It is just being in the wrong place at the wrong time, but every rejection is a potential future opportunity, if handled well. And I like this quote from Albert Grey: "Successful people make a habit of doing what failures refuse to do".

If the business is perfect for you, you have your business plan, and you have the environment for it, I personally cannot see how you can fail. You will be having too much fun to fail.

Does this help?

EngineersCanSell

posts: 163

Feb 06, 2008 10:34 AM ET    Quote  Report Abuse
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I think a lot of people think of entrepreneurs as crazy cowboys/gals that take risk to tame the wild west of the business world.  The truth of the matter, in fact, is quite the opposite.

Which is risker:
(a) staying in a job with a company that really doesn`t care about you when the chips fall in an uncertain micro and macro economy, or

(b) starting a business that you`ve perfected in your mind over the last decade and others have successfully flourished with a very similar business model.

My feeling is that (b) is less risker.  So I would argue that you are minimizing your risk by starting your own venture.

Hope that props you up!


CampSteve

posts: 1216

Feb 06, 2008 11:32 AM ET    Quote  Report Abuse
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It sounds like nothing is keeping you from going forward.  That`s not the problem.  But something is holding you back.  See the difference?

The two comments above have tapped into this.  You`ve got fears of failure or risk or something.  So let me ask you now - what do you think is keeping you from taking the leap?  Perhaps we can give a push if we know a bit more.

jwatkins

posts: 145

Feb 06, 2008 11:47 AM ET    Quote  Report Abuse
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Thanks for the replies. Here`s the deal. This business can be started from home, it can possibly be ran part time (I still work and finacially I can`t just quit right now), but i know in my heart of hearts that it will take off and when it does I need to be prepared to jump in with both feet. I guess this is a good problem to have. I think it may be the transition from dream to reality that will take me from a steady paycheck to a business where everything is dependant on me. Once I get started there is no turning back. I can`t just quit. Oh and did i mention I have 3 children, a wife, and 2 dogs that rely on me to pay the bills? However, I have spent years dreaming, planning, and talking about this and all I want is to do it and succeed. Maybe i should give up the dream and just concentrate on the mundane...

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Get Out of Debt
CampSteve

posts: 1216

Feb 06, 2008 12:02 PM ET    Quote  Report Abuse
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How does your wife feel about it?  Decisions like this are a family choice as well.
jwatkins

posts: 145

Feb 06, 2008 1:10 PM ET    Quote  Report Abuse
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I don`t think she realizes what drastic changes could come, although I`ve tried to explain it to her. Otherwise she is all for whatever I decide to do.

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Get Out of Debt
wtgg

posts: 257

Feb 06, 2008 3:38 PM ET    Quote  Report Abuse
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Well I am not to full time yet, end of March, but I did start last year part-time. I had talked about doing it for maybe 20 years, my wife of 10 years says she can never remember me not talking about it.
What finally pushed me in was two things, first for about 6 months or more before my wife would respond to my dream why don`t you just do it now? so I did have some backing from her, although I must say her support and enthusiasm increased to a new level once I started and got swampped.
The other reason is this I had a very comfortable job making decent money, I was well respected in the workplace and community. then some events which I had no control over happened, in order to keep the company I worked for operational I worked almost 2 weeks at Christmas time, 20 hr to 30 hr shifts 7 days a week, sleeping only a couple hours at a time. at the end of that time I had a bout with depression, while out under doctors care for a few days, I was terminated. It has been the best thing thats happened to me in some time, first thing I did. went to work in the workshop got it organized and started making products, while searching jobs 5-7 am then at lunchtime then 6-8 pm. I found a better job much less demanding for more money within a week. I continued with the workshop, just because I WILL NEVER PUT MYSELF in that position again.
I`ve been upfront and honest with the new company they are happy with the last years accomplishments in their business, now I am moving to part-time 4 days a week and 3 days next month then finish with the month.
so if you need a push, here it is; do it for yourself and your family, your "steady" paycheck can go away in a "new york second" due to events out of your control. 
find a way to ease into it, build your confidence, be honest with all around you and look forward to when the time comes to go "all in" no one will be surprised, and your exit will be graceful.
$.02
stan
 
wtgg2/6/2008 3:40 PM
jwatkins

posts: 145

Feb 06, 2008 3:57 PM ET    Quote  Report Abuse
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Thanks Stan I appreciate that encouragement. I have set some milestones and goals for myself and am forcing myself to do them one at a time. This will keep me moving forward and hopefully squash my defeatist attitude. Ever have the feeling that you don`t deserve success? It`s weird. I have this feeling sometimes and it pushes me back. So I will keep reading the encouragement here at SUN and move on to success!

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Get Out of Debt
wtgg

posts: 257

Feb 06, 2008 5:32 PM ET    Quote  Report Abuse
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Yes I have, I discribe it as the fear of success, I`ve twisted it in my mind to survival.
all is fair when it has to be!!
great fortune to you
stan
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