6 tell-tale signs you are ready to go from employee to business owner

By Jake Martin

3 min read

 Competition alert! To win a copy of Maite’s book, ‘Corporate Escape: The Rise of the New Entrepreneur’, tell us below what you think is the main sign that someone is ready to go it alone and start their own business. Send your entry in by 28th February to be entered into the draw.

Are you ticking along but feeling like life’s passing by and wondering if you should stay in the corporate world or do something else? Here are six ‘alerts’ that are telling you it’s time to get out of the rat race and start up on your own.

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1. You don’t like your job anymore

You feel unfulfilled and don’t want to do ‘nine-to-five’ for the rest of your days just going through the motions. The time’s now come to fulfil your potential by making a living doing something you’re passionate about. Thankfully, there are fantastic opportunities around today for those willing to become business owners.

2. You think about how you could run the company you work for better than your boss

This is your ‘business brain’ trying to escape the straitjacket of corporate life and find an outlet for its creativity. You’re already competitive, ambitious and a decision-maker but you also know you have another hidden side that makes you more than your current job description.

3. You feel inspired by those who have already escaped from the rat race to set up on their own

We’re drawn to what attracts us, so if you respond positively to small business success stories and imagine yourself in that same position, your subconscious is showing you a direction forward. This should make you confident that your current level of skills, knowledge and expertise are assets you can use to move away from the corporate world.

4. You’ve had a business idea buzzing in your head for ages and feel frustrated you can’t do something about it

If so, it’s probably time to ‘scratch the itch’. Time’s precious and you no longer want to waste your life fulfilling somebody else’s dreams! You have a vision for your future and want to make it happen.

5. You’re finding corporate bureaucracy evermore tedious

Procedures may have their place but now ‘doing everything by the book’ feels very limiting. The truth is your skills and talents are being under-utilised and by setting up your own business you’ll inject more freedom and excitement into your life.

6. You want to take control of your life

You worry about redundancy. In the ‘old days’, a corporate job meant security, now you fear being the next one for the chop. You can grab your life back by jumping before you’re pushed, using the time you’ve left in ‘corporate land’ to plan and organise a business outside it. As a proactive self-starter you don’t like to wait for others to decide for you, especially when these decisions can impact your life overnight.

If you recognise these signs, it’s time you thought seriously about getting out of the rat race. Of course, doing this takes courage. But through careful planning you can make this transition smooth and successful to become a New Entrepreneur, one of a growing breed of post-corporate employees taking charge of their own lives by starting their own business for greater personal happiness.
Competition alert! To win a copy of Maite’s book, ‘Corporate Escape: The Rise of the New Entrepreneur’, tell us below what you think is the main sign that someone is ready to go it alone and start their own business. Send your entry in by 28th February to be entered into the draw.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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