Never make your passion your profession.I know you are surprised but yes, if you are a hard core passionate person and you love what you do, No, doubt you are very good at it. Your Job may be a little more from the core of your profile but a business is altogether different. You may not find the time for your passion at all. A restaurant is not all about cooking, an novel is not all about writing, a movie is not all about acting, a dancer is not all about dancing.You will need Branding. May be your entire product is 50% of your advertising and branding.A passionate person will not be able to accept it. There are so many other factors essential to keep your venture alive.If you are a passionate person you wont enjoy doing other less relevant or uninteresting things but trust me they are also very important.
2) Excellent performance during employment:
If you are a very good performer at job you always have a hidden believe that you can handle the job of your owner in much better way. You feel like if this was your business, it should be much better. You instantly challenge the decisions and policies of your senior management.Soon after you will start your venture, you will start to understand the actual reason for those decisions,may be after wasting a lot of time and effort.
3) Too much of reading motivational literature:
yes you feel boosted after reading success stories, you like to read Robin sharma but they will never tell you the pain and stress you have to take up for even a small achievement. Smart work, hard work, attitude, planning, monitoring, team build up, update, upgrade,networking, liason, lots of luck and correct timing are few of so many factors to win a success.To be honest there is no fix criteria or benchmark of success. A business may start falling at any level. Nokia and blackberry are latest examples.
4) Work for a purpose:
If you are going to start a venture for any other purpose except that you love to work for venture. It will be going to fail. Let me explain, if you are going to work for money,some venture increase their net worth but they are unable to fetch you a lot of cash profita. You may not be able to withdraw a lot of money from business even if it is profitable. Even you may have to put from your own pocket to keep it alive. If you want a business to be famous, so many business spend their life in enough dark as they are too busy in keeping the pace of their business. So If you are going to start a venture, that venture should be the only passion and reason for that decision.
I know so many people boost and tell working people that quit your boring job and start to do what you like, But trust me it is not that easy. Not impossible either.But be mentally prepared to bear the pain and stress. Be ready to work 24*7, be ready to see a lot of efforts resulting in zero and then start again.
If even after reading this article you are going to start your venture…you have 30% more chances of success.GOOD LUCK
(Author Shaifaly Girdharwal is a Cross border business set up and process outsourcing Consultant)