10 Questions To Ask Before You Quit Your Job

You're overworked, underpaid, frustrated and ready for a change. But what things to consider before changing jobs?  Before leaving your ...

You're overworked, underpaid, frustrated and ready for a change. But what things to consider before changing jobs? Before leaving your job and financial security to become an entrepreneur, analyze if you have the desire and the qualities.

The dream of becoming your own boss is what drives many people to start a business. But leaving your job to fulfill that vision is a decision that should not be taken lightly.

10 Questions To Ask Before You Quit Your Job
You've been toying with the idea for months now: Should you stay or go? Here are 10 questions you must ask yourself before you give up security to make the leap as an entrepreneur:

1. Will this make me happier? 

Before you leave your job to follow an uncertain path, make sure it is what you really want and not what you think you want just to escape from your current job. "Personally I think you should enjoy your career," says Chris Hurn, author of The Entrepreneur's Secret to Creating Wealth: How The Smartest Business Owners Build Their Fortune. "Many people suffer in silence in their jobs, but before you start to become your own boss, you must believe that it will make you happier. If you can not say that you think it will be, then do not do it."
Also read: Why Accepting a Part-time Job Could Affect Your Career

2. Is the timing correct? 

If your wife is pregnant or you are in charge of an older relative, it may not be the best time to leave your job security and follow your dream. It is important that you dare and take risks, but you can not ignore mortgages, debts, and liabilities. You must be honest about your situation; Be realistic with your commitments, and then make an informed decision.

3. How will I cover my expenses? 

What is one of the main obstacles to starting a business? Not having money, says Deborah Shane, author of Career Transition - Make the Shift: Your Five Steps to Successful Career Reinvention. You must have a financing or savings to cover yourself and the business for a period of time of time. The duration of the same is determined by the nature of the firm and why so fast you can pay a salary (Shane suggests at least a period of 12 months). "Make sure you have money to pay for your business and yours," he says.
Also read: 8 Step to launch your second career 

4. Do I have the support of my family and friends? 

The talents and weaknesses that we are hard to recognize are ours. So before you venture out and give up a secure position, ask the people who know you best how fit they think you are to gamble on the opportunity. Talking with your family and friends will help you realize if you follow something you really want or if you just want to escape from your current situation. Do not just argue with the dreamers, since they will tell you to do it; Talk to those who will be honest, realistic and who will push you on the right path.
Also read: 10 Ways NOT to Fail at Your Job Interview

5. How willing am I to change my lifestyle? 

Many people have a well-defined routine. They get up, go to work for some hours, perform certain tasks and interact with some colleagues. But starting a business can be anything but routine and structured, which could mean working at night and alone. "There is a lot of self-motivation included. You have to be innovative, creative and proactive, "says Shane. "The lonely nature of it is not for everyone."

6. Do I have the discipline to be my own boss? 

Many people think that if they can be their own bosses, life will be easier for them. Sometimes that's true, but not always. Not everyone is made to own a business. Although entrepreneurs come in all sizes and shapes, usually they share certain qualities such as leadership and desire to be ahead.

7. Can I test the waters without giving up my work? 

It is recommended that you do "beta tests" to your dream before giving up your stable situation to dedicate yourself entirely to it. You might discover that you do not love the new career as much as you thought. Practice your dream.

8. Are there skills that I need to polish? 

Before embarking on the entrepreneurial adventure, make sure you have the skills and qualities necessary for the business to work. It is important that you are up-to-date with the latest technology in your field and that you can use digital media in your favor. "Make sure you know the trends and best practices in the area where you will be inserted," Shane says. "Everything changes quickly, so keeping you relevant is crucial in business."

9. Am I sure that my business idea is viable? 

It is important to make sure that what you plan to do satisfies a need or desire of the market. "I've worked with many creative people who have started a business based on people's lifestyles," says Shane. "They have found niches for professional moms, families, and individuals." Make sure your idea is relevant before you jump.

10. Do I have a business plan? 

You do not need to have the length of a novel, but anyone undertaking it should have a plan that includes their marketing and sales strategy. Assuming things is not an option in the current competitive marketplace. "It does not need to be complicated. You see it as a map, "says Shane.

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