This week we talked about when to take the “jump” for your business.
This was an interesting topic for this particular group of Cobblers because there were folks from all stages of the business life cycle. We had some who were pre-jump, some just jumped, and some more established businesses that were jumping (or not jumping) to the next level.
What makes someone decide to quit their job or come out of retirement/sabbatical/child rearing pause to start their own business?
What makes an established business decide to build a building or add a product line or employees?
Everyone’s reason is a bit different but the overarching theme was once you reach a tipping point you suddenly get brave because you can’t wait any longer.
There are people who reach a tipping point but are too scared to take the plunge. That seems to be the difference between the entrepreneur and the frustrated employee. Some folks are risk adverse (some of them are even entrepreneurs in our group) but they still found a way. Some of them bought an established business or found a partner or made a savings account that could sustain them for a period of time in case the clients didn’t show.
You have to find your pattern of action, which takes some self-awareness, and figure out what you need to make sure your psyche can take the leap. Establish the line, in your mind, of what is most important to you and make sure that is not in more jeopardy than you can stand.
To establish this some folks need a plan (or 12) but some folks need to feed on the frantic energy that comes from not having a plan. One Cobbler talked about his plan actually being a map. Rather than an Excel spreadsheet, he has an idea of where he wants to be and can pivot on the ideas till he gets there.
But everyone agreed whether it is a plan or map you need to consider how this will affect the others in your world, your family, your partner, the people who count on you.
So, in conclusion, find the edge of your personal cliff, notify your tribe of your intentions, set up the safety ropes if you need them, and jump. You are never going to fly if you don’t leave the ground.