Many times I get asked if longtime corporate employees who want to get out on their own have the right stuff to become entrepreneurs. If you’re wondering the same thing about yourself, here are a few questions to ponder:
- Are you inherently willing to risk a lot, if not everything?
- Is your family willing to change its lifestyle to support your venture?
- Is you mousetrap totally better than anything out there, or are you engaging in wishful thinking based on a need to get out of the corporate structure?
- If no income comes in from your venture at all for six months, would you be OK with that?
- Is your energy and passion for your venture strong enough to work 24/7 for at least two months?
If the answer to any of these questions is ‘no,’ my advice would be: Don’t quit your day job just yet.