Working for yourself can be rewarding but it can be tough. There is something to be said for having a 9 to 5 job with the associated benefits. Saying that, being your own boss can lead you to taking back control. So, I ask you, are you somebody really happy in the job you are in with the same daily routine? Or, do you want to take a risk to get what you want? Nevertheless, going it alone has it's own risks and added stress so you need to ask yourself if you are right for this uncertain journey.
If you are thinking of going it alone, or working for yourself but struggling, it may be helpful to see if you have the traits to succeed in setting up your own business.
The Locus of Control is a concept devised by Phares but developed further by Rotter and considers the amount of control an individual has in their life. Try the questionaire associated with the idea and see what your score says about you. Don't forget it was devised in 1954!
Phares and Rotters work considers the factors within ourselves that we as individuals have power over such as self direction and the exterior forces that may influence us such as fate or coercion.
If you scored between 1-10 you are more likely to succeed setting up your own business, for reasons I will shortly outline.
However, this is not as clear-cut as the Locus of Control implies. For instance, it is arguable that setting up a business will be influenced by customer interest which is still uncontrolable no matter how much research you do. Of course, it is also clear that you cannot just let life guide you when it comes to working for yourself.
Individuals high in internal control tend to :-
Identify strategies to deal with uncertainties.
Be inquisitive about how the world/business world works.
Persevere in difficult tasks.
Be willing to commit to long term goals.
Be self starters.
Take calculated risks.
Be satisfied with their work.
Believe that hard work leads to rewards.
Use persuasion to be productive.
Lead a team through rewards, respect and expertise.
If you do not fall into these categories you can change your mindset. For instance :-
Realise plans does not mean control; consider the worse case scenerio and consider a backup plan. Think about unknown factors but don't obsess on these - keep moving instead.
Question ideas and develop them. To do this try to obtain information from experienced people in their field, as this may help generate ideas. To do this, look out for local business support groups or regular monthly get-togethers.
When times get difficult don't give up.
Goal-set using measured strategies. Life coaching through Direct Action can help with this.
When considering a risk, balance up the costs with the rewards.
If you are wanting to start up your own business, you may find my free resources help. Just follow the link below.
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