Most people working for somebody else when surveyed, claim they are unhappy with their current employment and would like to make a change if they had the opportunity.

Almost everyone would like the chance to be self employed, owning their own business, but most people have no idea how to achieve this goal.

What could they possibly do to give them a secure income, allowing them to meet all their financial obligations while building security for the future?

Fear of the unknown holds them back from taking the steps required to fulfill their dreams of owning their own business.

These fears and uncertainties work in the employers favor, keeping the disgruntled employees tied to the grindstone – working for their employer.

Start Your Research Now!

While I would not recommend you all go into work on Monday morning and resign, I would suggest that there are ways to work towards a better life of running your own business, while you are still working for someone else.

You don’t have to leave the security of your current employment to make a start in planning your own business.

Why not start planning your move into self employment now? Why not start putting in a little bit of extra effort and research before you take the plunge? No reason at all.

Remember if you don’t get the ball rolling nothing is going to change. In a year or two you are still going to be thinking about the dream, not living the dream. If you don’t make the change, then nothing in your life is going to change.

Why Do You Want To Have Your Own Business?

There are many very good reasons why you would want to run your own business. If you asked each one of us that already does have our own business, why we do it, we would probably give you a completely different set of reasons.

For me, the great thing about buying your own business is it offers equal opportunities to anyone who is prepared to put some effort into making a better life style for themselves.

Your income is set in relation to how hard or how smart you work, not by waiting for someone to retire or move on before you can hope for the next move up the ladder.

The next great thing for me about running your own business is that it is a whole new frontier limited only by the bounds of your own imagination, abilities and experience.

There are no strict rules about what you have to do and there is no rigid formula to guarantee success. You have a tremendous amount of freedom to choose which route to take and how to get there.

However, there are proven methods of running a business which have been shown to be more successful, as there have been methods which have been shown to guarantee failure.

Finding The Right Path And The Right Way To Walk It

But look and you will find the right way for you. This is where your early research comes in, find the successful methods and the unsuccessful ones and study them. Learn to repeat the successes and avoid the failures.

Your early research should be all about finding the right opportunity for you. What is it you are going to be doing with the rest of your working life?

Everyone has a passion, interest or hobby about which they are an expert, wouldn’t it be great if you could go to work each day to do something that you would gladly pay to do?

Let’s assume your passion is something pretty obscure like model airplanes. I am sure that if you are passionate about your hobby you are already a model aeroplane expert.

How are you going to make a business out of model airplanes? Why selling them of course! Could it be a viable business that you can actually make money from? Well that’s what your research is going to be about.

Sounds easy doesn’t it – well it is easy enough if you go about it correctly, but it can just as equally be nigh on impossible if you don’t do it right.

You may also find yourself going through several options before you find the right one for you, but that is the purpose of the early research. Finding out what is right for you!

Summary

So to recap:

1. It’s never too early to start planning

2. Start your initial planning while still employed

3. Know why you want to have your own business

4. Work out what you would love to do

5. Find out if you could make a decent living doing it

6. Make it happen!

Remember, knowledge is power and you are accumulating new knowledge at an amazing rate. By reading these articles and carrying out your research you are placing yourself in the top 5% of entrepreneurs.

Feel good about that? You should!

This article was written by Brian K Fitzgibbon CPA.

Brian is an experienced accountant and small business consultant. He runs his own business, lectures extensively on small business topics and has checked out and valued many hundreds of small businesses for buyers.

Brian is also the author of the highly acclaimed and invaluable
"How To Value A Business And Buy It Without Fear"
A do-it-yourself guide for first-time and experienced buyers alike.

To download a FREE Chapter from Brian's book please follow this link: "HowToValueBusiness.com"

January 6th, 2009 | Tags: business research, buy a business, buying a business tips, choose right business, own business, planning | Category: articles | Subscribe to comments | Leave a comment | Trackback URL  |