Here's how you can decide when to transition from your current job to entrepreneurship.

Cuidado para não fazer loucuras. Não cai nas conversas de alguns gurus que te motivam a largar tudo para empreender. A real é que não há regras para isso, mas tem que haver uma coerência com a sua vida. O risco está muito relacionado ao seu momento de vida. No início de carreira, com 18 anos, certamente você tem menos a perder. Possivelmente você ainda não tem família que depende de você, filhos, ainda não tem muitos compromissos financeiros. Após um período de jornada, suas responsabilidades certamente serão maiores e os riscos podem gerar outros impactos. Seja coerente e responsável!

Build reserves that can sustain your basic needs as you transition to Entrepreneurship. Business is a patience game that doesn't give quick returns and that's where your reserves come in handy. Separate personal finances from that of the business for sustainability purposes.

Please understand your why. Of course as my colleagues indicate you will do research, you will understand your market, you will figure out funding but I want you to start with "why do I want to do this business or pursue this business idea?" So many entrepreneurs do not spend time really thinking about their motivations to making move. In order to do this work you must be honest with yourself about why you want to step out on your own. Is it intrinsic/extrinsic? Is it for money/ego? Are you doing this to prove a point? Want to be your own boss? How do you think about money/time/resources? Be honest. Knowing this will absolutely impact decisions from when you start, how you ask for money, what decisions you make. Even what you research.

Wise words Lee and having set up as an independent consultant just a month or so ago, there was lots of planning for me and anxiousness but I know it will work out.

Your finances are easier to control than you think. This is why, though: Making a precise budget that lists all of your income and expenses is the first step in budgeting. Keep tabs on your expenses to find areas where you can make savings or reductions. Create an emergency savings account to help with unforeseen costs or short-term difficulties. Try to budget for a minimum of three to six months' worth of living expenses. Debt management involves assessing all of your outstanding loans, mortgages, and credit card debt. Create a plan to settle high-interest debts first, then pay the minimal amount owed on other debts.

Uma das grandes oportunidades que você terá para conhecer melhor o mercado e também desenvolver algumas competências pessoais é empreender no CNPJ dos outros. Mas não é apenas conseguir um emprego na área em que pretende desenvolver, mas ajudar outras empresas a crescerem e se desenvolverem. É trabalhar como se o negócio fosse seu. É sobre se tornar essencial ao negócio. Isso te trará cada vez mais confiança para novos voos próprios no futuro. Mas não caia na armadilha de querer construir uma carteira de clientes fora e depois levá-los para o seu negócio. Estamos falando de jornada e não de resultados imediatos e a qualquer custo.

Market research gives you insights on the competition and market trends. It gives you an understanding of the cost analysis, available demand and potential market.

I typically suggest executing customer research in three steps: - Start by having open-ended conversations with a handful of individuals in the vicinity of your target audience, ideally people from your network who would be candid and open to help, in order to identify the best questions to ask. - Refine your questions by testing them qualitatively with a slightly larger number of people that closely match the profile of your potential customers. - Once you have a solid questionnaire, consider running a survey to get more quantitative data from your target market.

You, as the entrepreneur, should always undertake market research, as it not only gives you a competitive edge but also allows you to build products and services around business models that other enterprises might not even have heard of.  Knowing your market prepares you and your business to take risky, calculated decisions with a more equipped knowledge base. Having a realistic view can also better prepare you for scary business strategies.

Personal readiness is important. There are only so many podcasts you can listen too, books you can read or courses you can attend. Nothing beats rolling up your sleeves and diving in with both feet. The journey as a fouder will be like nothing you have experienced and if you have a lot of resilliance (which you are going to need) you'll love it. Remember to take time out to reflect, listen and involve customers and drive sales as they are key. Also consider UnLtd or Virgin StartUp who will suppport you wiyh a diverse peer group and coach too.

É comum vermos planos mirabolantes sendo apresentados e que servem como motivação ao potencial empreendedor. É fato que precisamos de um percentual de loucura e riscos para enfrentar um novo negócio, mas temos sempre que refletir de forma racional quais são os riscos potenciais existentes e o grau de complexidade de cada um. Pode ser que alguns deles inviabilizem a ideia inicial, outros possam ser atenuados. Tenha clareza e seja realista sobre o cenário que pode enfrentar para saber se está disposto ou não a assumir de risco.

When you integrate risk evaluation into strategic planning and decision-making processes, entrepreneurs like you can proactively manage uncertainties and optimise opportunities for sustainable business growth. So evaluate the risk before jumping into a business venture. You got this!

Financial and non-financial risks should be evaluated, scored and decided which ones may be accepted risks and which ones may be mitigated. Then the necessary steps should be taken. Also a review should be made at certain intervals.

Eu não utilizaria o termo saída, pois remete muito aos modelos de criação de start-ups utópicas que, antes de compreender como resolver os problemas dos clientes, já pensam em como vender a empresa. Eu sempre sugiro começar por um teste de viabilidade do negócio no período inicial. Compreenda os problemas (coletivos) a serem resolvidos, quais as principais dores e dificuldades das pessoas, o cenário que se apresenta e o tamanho potencial do mercado. Teste, converse com os potenciais clientes e agentes do mercado para validar as variáveis. Não se apaixone pelas ideias iniciais e nem pelo negócio.... Pode ser que identifique outras oportunidades ou que não vale a pena seguir com o negócio.

When I think of exit strategy, what comes to mind is generally how your business can pivot if something doesn't go as planned, but long before that, you should research your market, as this can avoid troubling scenarios for your business.  • Research your field (for example, design, marketing, or business operations). understand what you can do differently to avoid any unforeseen problems. • Look at different businesses in your niche and understand what they are doing as part of their business operations. • Set out-of-the box and realistic goals for your business, as business strain can further preoccupy your mind if an exit strategy were to happen.

Being an entrepreneur can be a lonely journey but heavily rewarding as long as your support is trustworthy, so keeping the right people around you when things don't go your way and not only when things go your way makes a difference. A trustworthy support system can open doors in your entrepreneurial journey, as every effort is incentivized regardless of whether it goes well or not. This can help you innovate new ideas and try new endeavours!

L’auto formation est une clé pour être toujours à la page et devancer la concurrence. Elle permet d’innover et de gagner de nouveaux marches rapidement et de se faire une santé financière. De par mon expérience d’entrepreneur, le plus grand atout c’est avoir l’expertise que les autres manquent et vous serez recherchés par les clients

It's also okay to stay at your current job/role to continue to build the necessary skills and education before transitioning to entrepreneurship. Not only does your current job help to fund your future endeavor but it strengthens your experience. You may even want to take on some added responsibility and see how you handle that before taking a leap into your new endeavor. Entrepreneurship is risky, there is no way to be absolutely sure. There are ways that lean towards a more successful start up experience with the proper guidance, and finding a mentor is one.

There doesn’t have to be a knife-edge cutover. You could run your existing job / role in parallel to your entrepreneurial endeavour for a period of time. While it might be a lot of work, and require some extra commitment, you get the chance to mitigate risk, test out your idea, establish foundations, get validation, and more - all before deciding that you have enough of a base to now move on. If you’re honest with yourself - and your idea isn’t working - you’ll be able to fall back on your existing job / role with nothing lost and more experiences / learnings gained.

I bet you didn't know this! Prioritise Impact Over Perfection: Aim for advancement rather than perfection. To be an entrepreneur means to take measured risks and make adjustments in response to feedback.  📊 Launching and improving your offerings in response to real-world experiences shouldn't scare you.