If the pathway to self-sufficiency was free of obstacles and challenges, then everyone would take it. Unfortunately, obstacles and challenges do exist and they sometimes prevent individuals from taking the leap to business ownership.
When an individual starts to consider job opportunities outside of the standard, corporate 9-5 options, they will inevitably run into what The Entrepreneur’s Source calls the F words: Frustration, Fear, Financial constraints, Family and Friends. Today, The Entrepreneur’s Source examines these obstacles that may be holding people back from reaching their ultimate dream of self-reliance.
Those who suffer from the Battered Career Syndrome know frustrations all too well: Feeling unappreciated in the workplace, staying in a dead-end job with no room for growth, not feeling inspired by the work they are doing. When examining frustrations, there are two different kinds: Healthy – the motivational kind, and unhealthy – the form that can become paralyzing. Regardless of if you’re suffering from the healthy or unhealthy kind of frustration, you can learn to channel your frustration by exploring your alternative career options.
Big or small, we all suffer from fears, but when it comes to fears associated with one’s career, these fears tend to become overwhelming and taxing. Most people worry about limited career options, if they possess transferable skills, keeping up with technology systems and the like. However, when deciding to move from Employment to Empowerment, the biggest fear most people encounter is the fear of self-employment. Other common fears include fear of change, fear of the unknown and fear of success. When an individual is able to recognize these fears and channel them to become motivation, then they truly will have the ability to overcome them.
Many people ward off the idea of investing in a business opportunity because they don’t think that they are financially able. However, what most people don’t initially understand is that there is an abundance of ways to finance a business and there are plentiful financing options available to small business owners and franchisees. However, no matter what financial state an individual is in, they will likely be able to find a financing option for their unique needs.
Family and Friends
Family and friends may be the most unlikely of sources that may hold you back from achieving your entrepreneurial dreams, but their holdup may be a reality for some. Whether an individual has the support of his or her friends in achieving their dreams may be the single most important factor whether an individual will eventually decide to leave their traditional career behind. Investing in a business opportunity is a risk, and this sometimes this may worry friends and family members that rely on an aspiring entrepreneur. However, it’s important to remember that staying in a stagnant career is also a risk, and friends and family members should be reminded of this as well.
An individual doesn’t have to experience all four of these obstacles to become debilitated in their ability to become an entrepreneurial, it just takes one. Realizing and being able to identify these obstacles exist is the first step in the process of trying to overcome them and ultimately reaching self-sufficiency.
Taking the leap from Employment to Empowerment is a big step, and you don’t have to do it alone. Jeff Crane, Career Coach at The Entrepreneur’s Source, can help guide you through the process of becoming a business owner. For more information about how a career coach can help you move from corporate America to entrepreneurship, contact Jeff today.
Article originally published on The Entrepreneur’s Source blog.