Finding a new job, career change, or is time it time to quit the rat race? The decision is not easy but in recent years, the flexibility and options to launch a start-up has given many is us wings to dare to venture out and beyond. Job search gets tougher, especially if you seek a position that’s niche and on your terms. The competition has soared in many fields and that means that unless your CV is exceptional, it probably won’t even be considered. You will apply for countless jobs before you even reach the interview stage which can be frustrating and indeed heartbreaking. But it’s a fact of the business world today.

Even after you get a job, the desperate situation doesn’t change. Indeed, you might find yourself competing for people in the same office for that dream promotion. This is made worse by the fact that companies will often share the stats and performance of different players on the team to let you know how you’re doing against your competition. Business owners and experts believe this helps create a certain level of both teamwork and friendly competition. But it also does feel like you’re back in school, once again being graded on performance. You probably thought that you outgrew this when as it turns out, it continues well into adult life.

There really is only one way to escape this situation, and that’s to set up a business yourself. Are you ready to take this massive leap? Let’s find out.


Knowledge And Experience

When you decide to start a business, you do need to make sure that you have knowledge experience and training. This should be provable which means that saying you spend a few hours each night studying SEO isn’t going to cut it. Instead, you need to make sure that you have for instance an SEO qualification or that you participated in a course. You’re going to need to show future clients evidence that you are highly trained.

Alternatively, you can simply make sure that you have the right level of experience to impress customers here. Don’t forget, you will still be competing against the large companies. So, let’s say that you branch off to create your own marketing company. You need to make sure that you can play on the same level as the other businesses on the market. If you can’t, you will be hopeless, hilariously outgunned.

Building experience might also require you to stay in that rat race a little longer. In other words, you’re going to need to show a history of being successful working on a range of different projects in other companies. You might even be able to take clients with you when you do choose to leave to set up your own company. At the very least you can build up contracts. Careful though, because if you read your employment contract, you might just find there’s something similar to a noncompete clause. This is a dangerous add-on for an employment contract and it is something to watch out for. It could be more than enough to stop you setting up your own business.

Our advice would be to spend a couple years building up both qualifications and experience before you venture forward with your own business.

The Funny Thing About Money

You can start a business without any money in your bank account. You can, as many experts suggest set up a company with no less than ten dollars. Why? That’s enough to register your business on the market, and that is all it takes to set up a new company. But let’s be realistic here.