In this never-ending World of 9-5 jobs demanding everything from our first-born to our death benefits, more and more are opting to create their own Business and Become their own Boss. However, as many of us already know, it’s just not that dang easy.
What’s Stopping You From Becoming Your Own Boss?
If you already work in Corporate America, like I do, you have to think about what you would be giving up.
- Steady paycheck
- Medical benefits
- Paid sick leave
- Paid vacation time
- 401k or other savings-type plans
But in the grand scheme of the whole “Be Your Own Boss” things, do those things really matter?
As I begin to help a very dear friend of mine venture out on his home, it made me think again of my “once upon a time dream” of working at home. It also made me question others who would love to be their own boss, what’s stopping them?
When I think of my own plans, that have been halted, for now, the top three things that have stopped me are:
#1 Financial Security
It’s important to know where your monies are coming from. If you have a mortgage, car payment, family, and other pertinent material things in your life, you need to know how you are going to keep them. Will you be able to feed you and your dogs this week? This month? What about your car insurance? Medical issues that come up or other “unexpected” expenses and repairs.
#2 Medical Benefits
You may not think it is a huge issue if you are young or not often sick, however, for many that are older or those who may depend on medical benefits to help, what do you do? Are there companies out there that specialize in offering medical benefits for Entrepreneurs and Small Businesses? Are these type of plans affordable or are they outrageously priced like the “so-called” Affordable Care Act?
If you have family and children that are currently dependent on your Corporate America provided medical insurance, what do you do? How do you cover yourself and your loved ones, if and when, you become your own boss?
#3 Fear of Failure
When you think about giving up all of the above Corporate America benefits, it can be detrimental in you making your move to Entrepreneurship or not.
Going out on your own can be a scary thought. Nailing down your product(s), services, and niche can be difficult, especially in an ever-growing World of Freelancers and Entrepreneurs. Wondering if you have what it takes to “bring home the bacon” and not fall flat on your face can be another HUGE determination of you taking that leap.
I personally, find that Fear of Failure really shouldn’t be a deterrent for me but way in the back of my head, it is. When I think about all that I would be giving up to not be a success, could be devastating to our mind and soul.
Will you be able to “measure up” to those already in your field?
The one thing we must remember her is at one time or another, everyone has “failed”. Those who got back up and tried again and the ones who conquer the fear and become successful.
Don’t Overthink It
There are many additional reasons why people fail to go out on their own and become their own boss. Sometimes the fear is greater than the will. Sometimes the “means” just aren’t there and one can’t possibly take that leap. Don’t beat yourself up about it. Maybe it wasn’t your path, to begin with.
But I want to hear from you. If you are one that would love to ditch that 9-5 job and be your own “person”, what’s stopping you?