7 signs you’re ready to start your business

7 signs you’re ready to start your business


7 Signs You’re Ready To Start Your Business


Here’s a hard truth: you will never be truly ready to launch your business. You can always get more experience, learn more about running a business, and expand your network further. But there is a right time to turn the door sign over to “open”. Unfortunately, knowing when that is is just as difficult as it is important.

Misjudge the critical moment, and you could be doomed to joining the 90% of startups that fail. This blog will point all the major signs that you’re prepared for launch, or, if you’re not, explain what you need to do to get there.

When you’re ready, Launch You can help you start your business. It’s a world-class programme that will provide you with the training, tools, and support you need to set up, run, and scale your business.


You believe in your business idea


Running a business is one of the hardest things you will ever do - not to put you off. If you aren’t passionate about your idea, you won’t have the drive to work the long nights and early mornings, nor push past the rejection you are bound to face.
Make sure you have a clear list of motivations and intentions behind the business you’re launching. Wanting to quit your current job doesn’t count.


You’ve scoped out the competition


A pretty obvious sign you should start a business is clear demand for your products and services. But while you’re researching the market to make sure people will be interested in your business, take the time to understand your future competitors.
This should help you figure out what you can do differently to those businesses and how to improve on what they already do.


You can afford it


The ability to secure finance when you need it is key to running a business. But a poor credit score or lack of assets could scupper your chances of getting funding. It’s also critical that you can take on the financial risk of starting a business. Make sure you have enough savings to live off of until your new business is able to support you.

You’re ready for failure and success


When you finally become an entrepreneur, you’re going to face your fair share of rejections and bitter feedback. You better start getting used to it. To some people, success is just as intimidating. Not only will people expect more from you, there’ll be a much bigger stack of work on your desk, too. Will you be able to handle that?

“By far the most important characteristic of an entrepreneur is being tough. The entrepreneurial journey is full of ups and downs, and you need to be able to push through that uncertainty or your business will suffer as a result.” – Zac Hemming


You want to upgrade your mindset


Did you know that the wrong mentality could set your new business up for failure? If you aren’t motivated, have low self confidence, or don’t have an optimistic outlook, you might not be built for the entrepreneurial life. You need to be open to a new way of thinking centered around staying positive, being curious, and keeping creative.


You know the basics of running a business


Don’t worry, you won’t need an MBA or any experience managing a business to launch your own. But you should have a grasp of the fundamentals, like operations, marketing, and finance.

If there are any gaps in your business knowledge, Launch You can fill them. Its training programme will guide you through every stage of setting up and running a business, from choosing a business model to creating a brand and setting up a website.


You’ve got a business plan


This is one of the most important steps you’ll take when preparing to start a business. A polished-up business plan turns your genius idea into a gameplan.

It details your goals and your methods for achieving them, and includes a timeline for getting it all done. Once that’s ticked off, you’re officially ready to launch!

Take the risk out of starting a new business with Launch You


Launch You will educate, empower, and support you throughout your entire entrepreneurial journey – even before you start your business – so you can be sure it will be a smooth-running success.

Along with the training programme to coach you through every step of running a business, you get access to a network of experienced business owners that can provide you with advice on whether you’re ready to take the plunge, as well as how to prepare yourself further. You can find out more on the website.

“Even if you’re not quite sure now is the right time to start a business, Launch You can help you with the crucial preparation station, whether you’re connecting with seasoned entrepreneurs to change your mindset, or polishing up your business knowledge with the training.” – Zac Hemming

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