The key to making better life and business decisions is to start asking yourself better questions. In order to make smart, informed choices, you need to be able to logically think and emotionally feel through your options from several different angles before actually deciding. If you’re on the cusp of making a big decision, like starting a business or expanding your existing business here are three factors to consider.
Passion is what drives you to succeed because you are completely dedicated to making your business work no matter how hard the process may be. A lot of aspiring entrepreneurs do not have a passion for their businesses. They do not even have the passion for making money. They just like the idea of success. Without having some sort of passion driving you, you will not survive as an entrepreneur because the process of building a business will take a toll on you emotionally, mentally, and physically. This can be very tough to overcome without having a purpose or passion driving you forward.
Before thinking about starting a business, you will need to ask yourself if you possess the passion that is necessary for you to succeed.
This test is a great way to confirm what are your passions. https://thepassiontest.com/
2. Your personality
Personality tests typically determine if a person is passive, dynamic, assertive, or aggressive. These types of tests use questions about how people would handle themselves in certain situations to determine their personality type.
There is no advantage to having one personality style over the other. For example, a highly interactive, extroverted personality may require a business in which they can have significant interaction with customers or employees. A person comfortable with spending hours in front of a PC without having to engage with others frequently may be ideal for a technology or accounting business that requires little interaction. Personality can really affect your approach to entrepreneurship and how you choose to conduct business.
You can take this cool personality test to determine your personality type. https://www.16personalities.com/
Perhaps the biggest problem for part-time entrepreneurs is the risk of burnout. Holding down a full-time job while running a part-time business leaves you with little, if any, leisure time; as a result, your personal and family life may suffer.
When making business decisions carefully consider how much spare time you have or can create daily to work on your business. Do you work a full-time job or have children or maybe you have other responsibilities outside of your home. If you’re not careful it will put a huge strain on your relationships.
Write down a list of all the activities and commitments you have in your life with the amount of time you devote to each during your week. Take note of the ones you can afford to lessen your involvement with, and let them know you are stepping back a bit to focus on a new project that means a lot to you.
The more time you can free up to start a business, the quicker you’ll be able to see real results. Cut down on the easiest areas that have the least amount of friction first. This will vary for everyone, but it’s probably things like: time spent watching Netflix or scrolling Facebook and Instagram.