According to what I’ve found, more than 70% of staff are dissatisfied with their job choices. That can seem to be a lot, but to be honest, it’s not all that surprising. You put in long hours but aren’t any better off emotionally or professionally. You have no personal relation to the business with which you work. Maybe you’re not enthusiastic about the job you’re doing because it’s unsatisfying, tedious, or doesn’t bring your skills to good use. That is just the tip of the iceberg. Perhaps the hours you serve are incompatible with your lifestyle. Maybe you work in a dysfunctional workplace where micromanagement and intimidation reign supreme. Instead of staying put and coping with this for the next 20 to 30 years, wouldn’t you rather quit your work and start your own company where you can be self-employed, fulfilled, build your own timetable, and develop your own culture?

Of course, you would!

Do you want to start your own business?

I’m not going to sugarcoat it. Not everybody is cut out to work for themselves. Until you tell your employer you’re leaving to start your own company, start looking for the following signals that you may be an entrepreneur:

• You’re still thinking about how to fix problems. You can’t get a decent one out of your brain until you’ve found one.
• You’re dissatisfied with your new work and can’t bear it.
• You put in more effort than your manager.
• People say you’re crazy.
• Money is something you have a love-hate relationship with.
• You’re notorious for being tenacious, restless, and a bit of a control freak.
• You’re a misfit or a college dropout.
• Your enthusiasm is contagious.
• You are self-assured and have lofty goals, but you are still aware of your limitations.
• And you love to win but are not afraid to fail.

That is not an exhaustive list — it isn’t entirely right. It can’t be because everybody is special.
However, the list above includes some of the clearest indicators that you were born to be self-employed. If you find either of these indicators, it’s time to get things moving.

Are you making the right decision?

You saw the warning signs. So, what now?

If you’re like the majority of us, you already have a few business ideas.  You should also take a look back to make sure you’re making the correct decision in attempting to be self-employed by answering the following questions:

• What are your driving forces? To put it another way, why do you want to start your own business? Is it that you despise your work, or do you have a brilliant idea that has the potential to transform the world?
• What are your current talents and interests? Assume you like cooking but it has always been a hobby for you. Perhaps you should start a food blog or get your own food truck.
• Will your company be successful? Is there a market for this? If this is the case, who are the clients and competitors? How much do you even know about the industry? Make sure the proposal is feasible by doing an analysis.
• Other considerations must be examined and taken into account.
• Should you resign from your job? You have the choice of quitting your job right now or staying and focusing on your company on the side. I would recommend staying at your current job until your product has been checked and you know there is a demand for it. It provides you with some financial stability as your company grows.
• Will it be simple? There is a common belief that being self-employed means you have it made. After all, you can work anytime you like and follow your own set of rules. The reality is that beginning a company is difficult. Be willing to work long hours, face challenges, and make many sacrifices.

Legalize it

A company may be shaped and structured in a variety of ways, Partnership Limited liability company (LLC) Corporation Sole proprietorship Partnership Limited liability company (LLC) Corporation are two choices that are often recommended because they restrict your personal responsibility by establishing a separate company from you.

Get a good accountant or lawyer to help you set up your company so you don’t fall in trouble with the IRS or the rules.

Most critically, begin to separate your personal and company accounts by opening a business bank account and lines of credit for the shops and suppliers with which you will be dealing. Make the most of your new engagement.

Examine the current relationships for a moment. Are your colleagues, families, or employers involved in the goods or services you want to provide? They may become early brand advocates, spreading the news about your business. And if they are not prospective clients, they may have friends that are. Furthermore, they can meet people who can help you. Use any luncheon, meeting, and convention to your benefit when you’re still working. It’s a perfect way to start networking and getting some early feedback on your path to being self-employed.

Make Use of Your Mistakes

Finally, you are bound to make mistakes along the way. Don’t be too harsh on them or you’ll get angry. Instead, learn about your mistakes so that you don’t do the same ones again. It will also help you improve your ability to run your own company.

akomakoo.com is the leading job search website for users in the Kingdom of Bahrain and the Eastern Province of Saudi Arabia. Launched in 2020, by Abdul Hamid Al Asfoor (Managing Director of Albayan Media Group), akomakoo.com has become the most exclusive and leading platform connecting buyers and sellers from Saudi Arabia to Bahrain and vice versa.

An exclusive and trusted community where underused goods are redistributed to fill a new need, and become wanted again, where non- product assets such as space, skills and money are exchanged and traded in new ways that don’t always require centralized institutions or ‘middlemen’.

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Suha Shafi

I hold a bachelors degree in business administration and I’m currently working to obtain knowledge & experience on the day to day activities in the business field for a bright future.