Most of the individuals after completing their education in India, are confused whether to peruse job to do business. It is important to note that not only one should change their mindset but also have to change their lifestyle when they take a leap from being an employee to employer.
Do they have the potential to run a business operations in systematic manner is one of the important question they should ask before investing their money, resource, energy and time on starting any business enterprise. If one feels that they are more suitable to being an employee, one just never quit their job to starting any business.
If you can start and finish tasks independently for others, you have employee mindset and must not quit your job for starting any business enterprise. Apart from finishing their task independently and within promised time frame, the business minded professionals know how and when to make use of another human resource for the purpose of completing different tasks.
The other important question that is needed to be answered is that whether you can set long-term and short-term goals and achieve them. Business minded individuals take complete full responsibility for organizing, planning, marketing, promotion, execution the success of their business whereas the employees set and achieve someone else’ goals and targets. Apart from working round the clock, the business-minded individuals will plan the short-term and long-term financial goals and methods of successfully achieve them.
Before quitting your job and starting your business, you must ask yourself whether you have the required self-motivation and self-discipline for working for yourself instead of someone else setting your tasks and working hours. The individuals willing to start and successful run their business operations must master the art of multi-tasking and time management. Wise management of financial matters is one of the essential attributes one must have to successfully operate and run any business enterprise. The employee mindset is that is very easy to work when all the financial risk are taken by someone else for making any business profitable.
Pay raise, rewards, and recognition are some of the parameters on that the level of success is measured by the employees whereas the business minded individual measures their success based on how to set their internal and external parameters of business based on the achievement of short-term & long-term finical goal and employee satisfaction.
Another important question one must ask is that whether they are comfortable creating your own paychecks. All the benefits and job-related expensive are effectively managed by the employers, so is it necessary to prepare with any unseen risks and financial crisis.