Expert at Your Craft? 5 Reasons to Start a Business in Your Field
In order to become an expert in any subject, Malcolm Gladwell argues, “Ten thousand hours of practice is required to achieve the level of mastery.” For those of you that have achieved this magic number, this is an accomplishment in and of itself. Congratulations! But, what do you do after you’ve become an expert? To quote The Joker from The Dark Knight, “If you’re good at something, never do it for free.” It makes sense — you should get paid in your area of expertise.
So, what’s the next move then? How do you create a career path combining these two quotes from wildly different thinkers? It’s not as hard as you think. In fact, the answer may be quite obvious — you should start your own company. Here are the five reasons to start a business in your field of expertise.
1. You’re Passionate About What You Do
Everyone knows the old saying that “if you love what you do, you’ll never work.” Well, you obviously do, considering you put in 10,000+ hours into whatever it is you do! So, why not go all-in and focus your entire professional life on it? I know starting your own business is a huge risk and scary step. But, if you’re passionate about what you do, you’ll always regret never taking a chance on monetizing your expertise.
2. You Want to Change Business Paradigms
As the boss, you get to call the shots. You can think back to all the bad company cultures and nonsensical corporate policies, and you can completely change how people perceive businesses are run. Do you think your staff will be more productive and loyal by working four ten-hour workdays per week? Did you believe that remote work is a viable way to operate even before the pandemic? Are you determined to ensure your company values diversity and inclusion? You can address all of these ideas and issues by starting your own business.
3. You Have Money to Start — and Survive
Look, when you start a business, you can’t expect to make money yourself. In the beginning, every dime you make has to be reinvested in the business. So, you’ll need money to start the business and survive for some time.
Chron suggests you also “put your business plan together and look into the guaranteed small business loans offered through the Small Business Administration. If strangers want to lend you money, you probably have a great business idea.” Remember, starting a business doesn’t come cheap, so take any financial help you can get.
4. You’re Not a Perfectionist — You’re Goal-Oriented
You should always want to do things right and have the end product be the best it can be. However, if you’re someone who can’t say something is done because it’s not perfect, then being an entrepreneur may not be the right career choice for you. Entrepreneurs have to delegate tasks and rely on the expertise of others. (I mean, that’s why you hired your staff, right? Because they’re all experts in their fields.) They cannot afford to do everything themself with a maniacal attention to detail.
Instead, if you’re goal-oriented, you may make a great business owner. If you know how to do whatever it takes to get something done by a deadline, you understand how to prioritize. In fact, the phrase “work smarter, not harder” would make a great tattoo on your forearm. And, you can lead your team by example because you’ll be willing to roll up your sleeves to accomplish your goals — and show off your kick-ass tattoo.
5. You Understand Success Isn’t Linear
Everyone wants to believe we can chart our professional and personal lives, and it will go according to plan. But, people always forget there will be detours and roadblocks along the way. If you’re starting your own company, you need to understand there is a chance it may not be successful for quite some time. In fact, your business may fail entirely. What you’re inherently aware of, though, is success isn’t linear. You learn from your mistakes, and you have the persistence to work through all the obstacles that inevitably will come your way. Regardless, you’ll love every minute of it because — like I said earlier — you’re passionate about what you do.
If reading these five reasons to start a business in your field has you chomping at the bit to start your entrepreneurial journey, then you’re ready! I hope your business is a success. And, even if it isn’t, we know that you’ll keep working at it until you create a company that is.
@rebeccashamtoob Rebecca Shamtoob