Are You In The Right Business?
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You are a new entrepreneur and you have been diligently working in your business wearing every hat imaginable. You started off with a real passion in your belly and you were full of energy.
Then something changed!
Are you just in a business rut? Or are you in the wrong business? Here are 4 ways to tell:
You feel sick - You start having that nauseous feeling on Sunday night just like you did when you were working for a company. If you feel dread come upon you and start having a case of the Monday’s this could be a bad sign that you are in the wrong business.
You are struggling to sell your services - Looking for your raving fan clients can take a while to find but you should still have a decent client base to sell your services to that will keep your doors open and at least get you to “ramen profitability.”
“According to Smallbusiness.chron.com, Beginning entrepreneurs should distinguish between what is called "ramen profitability" and actual corporate profitability. Ramen profitability is enough cash flow that the founders of a company can sustain a minimal lifestyle as quickly as possible without the need to resort to outside jobs or income. "Shoestring" start-ups that need very little capital to launch can reach ramen profitability in a very short time, but it may take far longer for the founders to draw a decent salary and also leave enough cash on hand for the business to show a profit.”
You are out of gas - You are not as passionate as you used to be when you first started. This could be a simple case of burnout or it could be that you don’t like the services that you are trying to sell to clients. it is time to do some deep thinking.
You followed popular Googled business ideas - If you went online and researched something like the top ten small businesses to start fast instead of going with your own interest and passions then this could be the fatal flaw.
Entrepreneurship is a fun journey but if you identify with any of these 4 signs then it might be time to change course, do some soul searching, reach out to a business coach and get back on track.
Keep IT Sunny!
