Most of us, if not all, have had the idea of becoming self-employed at one point in our lives. While some of us have gone on to live this dream, others are still caught up in the 9 to 5 hustle and can’t seem to find their way out.
The truth is that self-employment isn’t for everyone and some are just afraid to let go of a regular paycheck and the sense of security a regular job offers. But there are some clear signs that should tell you that you’re ready to make the jump and do your own thing. Here are a few of them.
You’re Disappointed with Management
You can get along with everybody you work with, even with upper management. But it can take only one supervisor or manager to make your day a living hell. Or, in other cases, you may find out that you’re actually savvier than the person above you and that they’re constantly asking for impossible things or to do things in an unproductive way. Working under this type of leadership can not only be draining but could stunt your growth as well.
In other cases, you might be feeling like your work isn’t compensated correctly and that you could do more on your own. Maybe you’ve compared your salary on a site like highersalary.com and found that you could make a lot more in other sectors. In this case, it would better to either switch positions or go your own way.
Your 9 to 5 is Sucking Your Soul Away
If you are literally feeling like you’re suffocating at your job, then it’s a definite sign that you need to stop. Too many people develop depression, panic attacks, and other psychological disorders because they stay at a job they hate too long. And don’t dismiss these as psychosomatic symptoms either, there are some real physical implications to staying in a job that makes us miserable. If that is your case, try to stick at it for the time it takes to build a nice nest egg and look for greener pastures.
You’re Already Halfway Through on Your Plan
If you’ve already started working on a plan, not only is this a sign that you’re definitely ready for self-employment, but for success as well. But don’t make the mistake of over planning and going into analysis paralysis. Don’t wait until everything is perfect to get started.
Successful entrepreneurs aren’t afraid to fail, and most have failed multiple times before they got to where they are today. So, don’t be afraid to work on a variety of side businesses until you find one that works for you and don’t be afraid to fix kinks along the way instead of waiting. Failing is the best way to learn and the longer you wait, the more doubt will start settling, so act as soon as you have the capital you need to get the wheels rolling.
If you’ve recognized yourself in some of these examples, then it’s definitely a sign that you might consider going the self-employment route. However, before you do, make sure that you know exactly what you’re getting into and that you have a solid plan in place.