Not sure if you’re ready to start your business? Sometimes, you just need to put things in perspective…
When it comes to starting your own business, there are times when it seems like there’s always something stepping in to hold you back. Maybe it’s a sudden financial issue that delays your big launch, or you’re feeling overwhelmed with possibilities about which step to take next.
Whatever the reason, it’s easy to feel like you’re just spinning your wheels. Soon, you may find yourself wondering whether your dream will ever become a reality. But you don’t have to stay in limbo. If you’re worrying whether you’re ready to take the leap into business ownership, here are four questions to help you get unstuck.
“What Does a Successful Business Look Like to Me?”
What is the first thing that comes to mind when you envision your success? Is it a business that generates money, one that gives you more time with family, or something all together different?
Visualization is a powerful tool and one that you should absolutely take advantage of before striking out on your own. You don’t have to know every detail, but whatever your unique vision of success may be, commit to taking the smallest possible step toward getting there.
You’ll be surprised at the momentum this can create!
“If I Could List One Reason Why My Business Failed, What Would It Be?”
Before getting your business off the ground, it’s important to know what could cause it to fail. We know, we know – this sounds suspiciously like some of the worries that may already be on your mind. But this isn’t about doom and gloom.
Rather, this is an exercise that’s meant to raise your awareness. Being aware of what could cause your business to crash and burn isn’t creating a self-fulfilling prophecy; it’s just a tool to help prepare you for any potential stumbling blocks.
And keep in mind that if you do experience failure, it doesn’t have to be the end of the world. How might you and your business pivot in a new direction? By considering possible scenarios, you’ll feel more empowered to move forward.
“If My Business Could Be Known for Just One Thing, What Would That One Thing Be?”
Competition in the marketplace is something you’ll deal with no matter what. Some might think that the key to success is trying to appeal to as many people as possible, but it’s actually the opposite: In order to truly stand out from the crowd, you must find your niche.
So, it’s time to ask an important question… If your business could be known for just one thing, what would it be?
Your answer can be anything at all. Maybe you’d choose to be known for a product, a general mindset, or a dedication to service. Whatever you decide, your answer will point to what could become your unique niche.
“What’s the Worst That Could Happen?”
If you feel overwhelmed with hesitation and doubt, sometimes it pays to look at the worst-case scenario. It may seem scary at first, but you just have to take a deep breath and ask yourself, “What’s the worst that could happen?”
Really think about it. As much as you want to avoid failure, confronting it (at least in your imagination) could be exactly what you need to kick those doubts to the curb.
Once you really start thinking about your worst-case scenario, you might find that the answer isn’t as scary as you feared.
When starting your own business, preparation is a must. However, just because you should be as prepared as possible doesn’t mean that you need to hesitate because you’re afraid.
After some personal reflection, you’ll likely know in your gut whether you’re procrastinating because of fear. If so, don’t beat yourself up about it. Everyone hesitates sometimes, and your journey into entrepreneurship is no different.
However, this is the time in your life to be bold. So put on your superwoman cape and take the leap!
About Emily D. Tisdale, Founder & CEO
Meet the brains — and heart — behind LEAP for Women. Emily is LEAP’s guiding force, committed to supporting women entrepreneurs at every stage in their journey.
She loves LEAP because:
A resident of Indiana, Emily prides herself on being a transplanted Hoosier and enjoys watching Colts football and spending time with her husband and their two children.