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9 signs that you're ready for entrepreneurship
Jun 20, 2012
It usually starts with an idea, which develops into a nagging thought, and then morphs into an opportunity that excites, tantalizes, and in the end becomes an obsession.
“Being bitten by the entrepreneurial bug,” is how many would describe this symptom, and the usual “victims” are employees who, at one time or another, have had an epiphany: That they could own a business and be their own bosses.
They are usually never the same after this realization, Yes, they would still try to give their best at work, but deep inside they’d rather do it for themselves. They also know their destined for a higher purpose.
Entrepreneur Philippines compiles these nine signs that tell you’re ready to take that entrepreneurial leap:
1. When those who matter express their support to your venture
“I’ve always wanted to have a business of my own. Business signifies freedom . The issue is, kaya ko ba? And because in life, you don’t control many things, I had to make sure that I had God’s approval. I did not do it on my own. As I was moving, first, I asked God, and then I asked my wife. I need to get her agreement because she will walk with me. Pag-ayaw niya, the walk will never be nice, magpe-fail ang negosyo. I was getting information from the important people – God first, then my wife and children – those I will walk with in this journey.”- Jose Cacanando was a Hewlett-Packard Philippines executive, being third in line to succeed the general manager in the multinational firm in 1997, when he started feeling restless and wondered if he should do something else.
After praying hard and asking for signs for his decision, Cacanando put up Moriah Farms, whose clients included McDonald’s and Kentucky Fried Chicken, in Bukidnon.
2. When you have learned enough
“I didn’t have difficulty starting businesses, because my stint as an employee for other companies taught me the ropes. I had first hand experience on how things worked. My only regret was I didn’t become an entrepreneur earlier. I might have done more things.” - Richard Dalao was happy being an employee because he was getting regular promotions and he was challenged by the job. In 1983, a near-death experience made him leave the company he was working for and start his own business. He tried a number of ventures until he put up Agri-PTS, a comprehensive farming, production, and marketing company, as a result of his growing interest in agriculture. The business is also into producing and selling low-value crops in farms in Laguna and Baguio.
3. When you’re sure of what you’re getting into
“Before I left my job, I made sure I knew what I was getting into, and that it would work for the long-term because if I failed, it would be hard to go back to work. I also made sure that the investment was not too big so I won’t be frustrated if things didn’t turn out as expected.” - Warren Sy realized that his efforts as an employee was not being rewarded commensurately after closing a sale of P2 million worth of office equipment to a school and only receiving P2,000 as commission. Thereafter he had a revelation: He could go into business so he could keep everything he made. Sy found a partner and put up Glam Lab, a personal care company producing lotions, body oils, soaps, mists and fragrances.
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