5th July, 2013. My friend Stephen founded The Mentorpreneurship Group shortly after I met him at Singapore Business Startups meetup, hosted by my dear friend Thomas a day before. Within a month, I joined him as co-host and we hosted 10 meetups together. Our mission is to help individuals make meaningful connections that will help them in their businesses or lives. I am thankful to have the privilege to talk to entrepreneurs from various industries and individuals from all works of life, who seek advice and opportunities on starting something on their own. In our conversations, the typical question that always happen to pop-up now and then is "Why Do You Want To Start A Company?".
Let's explore some of the reasons that give birth to start-ups we see today.
- You earn more money than working for someone else in the long run.
- You are better off working hard for yourself rather than working for someone else. You control your own destiny and have something you own at the end of the day.
- You believe that your noble idea can change the world for the better.
- Working for yourself means you can manage your own time and choose where you want to work. Create your own work/life balance.
- You follow your passion and make something different for yourself and love ones.
These are definitely great reasons, but on the other side of the weighing scale are the uncertainties that are holding some inspiring entrepreneurs back.
- Do I know enough to get started?
- Do I know the industry and market well enough?
- Do I have enough people who want to buy the product?
- Can I make enough money to get by, before the real money comes in?
- I have a comfortable job, is it worth the risk?
- What happens if the business does not workout?
- What happens if the business does workout? Do I have the capacity to run it?
To get pass these uncertainties you will need to take the leap of faith. Let's say you manage to get pass that and have a couple of ideas in mind. How do you select the idea that you are most interested in?
In If You Want To Be A Sucessful Entrepreneur, Start Here, Paul B. Brown mentioned that when you start a company you need to know your desire and understand what you really want. That should be the first step towards becoming an entrepreneur.
In How to Become Your Own Boss, Tamara Monosoff shared that to identify the right business for you. You need to be willing to look at different aspects, the unique qualities of yourself and trust your intuition. You tend to disregard this gut feeling as uncomfortable and uncertain, but deep down inside you know it is the right thing to do.
In If You Want To Be A Sucessful Entrepreneur, Start Here, Paul B. Brown mentioned that when you start a company you need to know your desire and understand what you really want. That should be the first step towards becoming an entrepreneur.
Unless you truly want to make something happen, the odds are nothing will. Without that desire, nothing else matters…or occurs. Your life will be filled in other ways.In his article, Paul also mentioned that your actions speak for themselves. Ask the people around you, by just looking at the majority of your time spent. Can they identify with what you are trying to accomplish? If they are not able to, you are probably not clear on what you want and what you want to do. To make things happen you need to take the necessary actions and not just think about it. Create steps and take action.
In How to Become Your Own Boss, Tamara Monosoff shared that to identify the right business for you. You need to be willing to look at different aspects, the unique qualities of yourself and trust your intuition. You tend to disregard this gut feeling as uncomfortable and uncertain, but deep down inside you know it is the right thing to do.
The Lean Transformation Methodology is created with the purpose to help you set personal goals and find out what you want through short iterations. It is a systematic process that helps your understand yourself better and figure out what you truly desire in the shortest time possible. To understand how The Lean Transformation Methodology works, please refer to the link.
The Lean Transformation Methodology is heavily action-driven, you figure out your personal goal and objectives by eliminating them quickly. If your idea for a start-up is inline with one or more objectives you have a desire idea fit. It is worth spending the time figuring out that personal goal and objectives that you can strongly relate to. Take as many iterations as needed to figure out what you want and what you want to do with your life. If you ask me when you should quit your job and start your own company. The Lean Transformation Methodology will tell you when the time is right.
The Lean Transformation Methodology
The Lean Transformation Methodology is heavily action-driven, you figure out your personal goal and objectives by eliminating them quickly. If your idea for a start-up is inline with one or more objectives you have a desire idea fit. It is worth spending the time figuring out that personal goal and objectives that you can strongly relate to. Take as many iterations as needed to figure out what you want and what you want to do with your life. If you ask me when you should quit your job and start your own company. The Lean Transformation Methodology will tell you when the time is right.
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