Starting your own sports business can sometimes seem like a circus, with you assuming one of two roles. Perhaps you’re a juggler, preferring the security of keeping three balls going at once: full-time job, your own business and family obligations. Unless you’re a magician, something usually has to give.
Or maybe you’re a high-wire dare devil that prefers to work without a net: You quit your job, throw yourself headfirst into your new business and hope for the best. If you’re serious about starting your own business, you have to pick one of these roles before you begin. However, there are right ways and wrong ways to do it, and if you take the time to prepare properly, you can streamline the process as much as possible.
First, you must consider your personality before making your move. Some people work better knowing they have some money coming in. If you fit in this category, you might consider taking a part-time job to pay your living expenses, while you devote your attention to running your business. Another option is to save as much money as you can before you make your move, while never letting the goal of owning your own business out of your sight.
Taking the Jump
Sometimes deciding whether to jump or juggle depends on how you’ve operated best in your previous jobs. Are you used to juggling 10 things at once, or do you work best focusing all your attention on one task and then moving on to the next item on your agenda? If you’re good at juggling, it can give you a head start in your business. Ultimately, in order to succeed, you will have to concentrate on running your business “with blinders on,” as entrepreneurs frequently cite single-mindedness and the ability to focus as the keys to success. Working for yourself entails both juggling and focusing, so it helps to have skills in both areas.
Freelancers, whether you are a consultant, writer, or professional, are frequently excellent jugglers. They display a great deal of flexibility and know-how to do whatever is necessary to make things work for them. They also know what working for themselves means. Sometimes, however, they are great jumpers as well. Taking on freelance projects will allow you to save money and devote yourself completely to your planned business.
Should You Jump or Juggle?
The benefits of working for yourself come with drawbacks that you must be aware of before you make that jump. Your business will most likely consume you and occupy your mind 24 hours a day. The responsibility falls on your shoulders, so if you are prepared for that, make the jump!