You’d be forgiven for thinking that the UK is awash with people desperate to start their own business. Sorry – it ain’t like that. There’s a small number really keen to work for themselves but in fact most people start a business by accident.
There’s a growing number of accidental entrepreneurs these days and over the years I have worked with a fair number of them so I thought I would share with you the 8 reasons people really start businesses. Have a read and see if any fit your particular bill!
1. Vague dissatisfaction
Unhappy that you have been overlooked at work. Beginning to explore options, one of which is starting a business. May be beginning to consider another job.
2. Personal review
Growing dissatisfaction with work. Moving on from generalised consideration of other jobs to exploring career changes and other options. Starting a business a stronger possibility but there is anxiety about the financial implications.
3. Ready to make a change
You can’t put your finger on it (yet) but this feeling is prompted by change stemming from one of a variety of factors, such as a change in management or working conditions, and a realisation that the change is not to your liking. You might be beginning to think of “packages to go” if they are on offer. Indeed the very fact that there is a package to go may have stimulated your thinking.
Possibly a change in domestic circumstances (perhaps the pressure of caring for elderly relatives or children) may have provoked something. Or perhaps you are just wanting to regain control because work is absorbing too much of your personal time and life. A feeling of institutionalisation may well have crept in.
4. Innovation frustration
Now this is an interesting category and poses a lot of issues. Many people working in product development or technical and software companies experience this on a surprisingly frequent basis. Basically you are currently working for an employer and have identified a new way of delivering a product or service. However you are lacking the knowledge and skills to translate this process or product into marketable commodity. You are looking around for assistance. Your lack of focus and rationale means it is difficult to access mainstream support as the concept is too vague to be articulated.
It may be that you have an idea or potential patent. It may also be you are worried about intellectual property – how much is yours and how much is the company’s.
5. Desire to live the dream
Nothing wrong with a desire to live the dream .This happens sometimes in the bath, sometimes on a beach, and sometimes as a result of all the other factors combined. The question is – will you do anything about it? How much misery will you put up with. Is a it always that the grass is greener somewhere else?
You express a desire to start a business but are not necessarily in possession of an idea or concept. You regard yourself as a skilled manager, with transferrable skills. It is questionable how much of the reality of starting a business you have grasped.
Entirely over to you and how you respond to my last sentence!
6. Had enough and ready to go
That’s it! Cant take anymore. Sod the consequences. I’m off. Not thought it through yet, though.
7. Looming redundancy
Your response will depend on how long you have been in a job. Well there is nothing quite like a P45 to focus your mind and this is often a major reason for people to consider starting a business. Nonetheless, in my experience, it was the source of few start ups. This, however, started to change in 2008 with the global financial meltdown.
8. Divorce and or separation
The desire to start a business is part of a major upheaval in your life.