Do you know there are some obstacles holding you from starting your own business and escape the RAT race of 9-5 job?
You will never get a kind of FREEDOM only from the job.
Since years and years, you have been doing a job for bread n butter, to fulfill the dreams and paying bills. You work hard every single year to get good salary hike but that a GOOD salary hike will not be fulfilling your all dreams in the longer run.
Like YOU, most of others are also running in the RAT race of 9-5 job and you never realized that you are stuck in the RAT race.
Typical Rat Race of 9 to 5 Job life looks like below –
Do you love to stay in such a life?
I guess the answer is No.
You may be thinking that I am forcing you to think about it, but do you know that you can live job free life by starting your own business while working and be your own boss?
There are lots of best money making business ideas for starting your own business that you may or may not searched already.
But you are not taking any actions to try out those because most of you have fear of failure, fear of losing money etc.
Not only fear, but there are also other obstacles holding you back from starting your own business and you have to overcome those in order to ditch 9-5 job life.
So today I am revealing the obstacles holding you back from starting your own business and how to overcome it.
I am damn sure at the end of this post you will overcome the fear of starting a business and will be planning to build an online business.
Let’s jump in….
Obstacles Holding You From Starting Your Own Business
The common problem I have seen, most of you guys are asking and searching on the internet “I want to start my own business but I have fear of starting my own business.”
You’re scared of failure, scared to start own business but have you ever taken any action, did you search for how to overcome the fear of failure, what are the obstacles in starting business etc.?
If not then you must…
And the more problematic questions hitting daily to your mind are-
- I’m not ready yet.
- I don’t have enough experience to run and start a business.
- Should I leave the current job to start a business?
- I don’t have enough resources, money, background.
- I’m not qualified.
- No one has any done any business in my family.
- I don’t know how to build a business.
Ohh, is it enough.?
NO, really not.
Such questions and their n number of answers are endless.
But there is a common solution to all of these questions.
Solution – you have to conquer all below obstacles which are holding you from starting your own business.
- Business Ideas
- Comfort Zone
No, there are two more hidden obstacles that I am going to reveal at the end of this post so stayed tuned….
Recently I ran below campaign via Growthfunda Facebook Page and email marketing to check the response on What is holding to start a business and escape 9-5 job?
And the answers were surprising.
Let’s look at below snapshots of the campaign response which I got.
Image-Facebook Campaign Results
Image-Email Marketing Campaign Results
The most killing obstacle is COMFORT ZONE…..
So how to overcome such obstacles, start side hustle and live job-free life
Let’s jump into to see what the obstacles in starting your own business & how to overcome those 🙂
To enjoy life, you don’t need fancy nonsense, but you do need to control your time and realize that most things just aren’t as serious as you make them out to be. ― Timothy Ferriss, The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
Frankly speaking, TIME should not be in the list but I am hearing this from many of others –
If you are giving this reason today then that TIME will never come.
If you have correct Mindset and burning desire then I am sure anyone can kill the Time crunch and start a business.
Do you know I launched a Growthfunda while running into the RAT race of 9-5 job? But then you may ask how I was able to manage, to start a side hustle journey?
It’s all due to self-realization, correct mindset, consistent efforts, and a burning desire to start the side hustle.
My correct mindset was not born since childhood but it’s being developed by TIME itself.
This is how my mindset has been prepared for entrepreneurship and I have started developing, learning the skills which are necessary to build side hustle…
Prior to Growthfunda, I failed in 4 business attempts but still today I am standing in front of you.
In terms of the TIME, I’m adding daily 30-60 mins post the 9-5 job to build and grow side business.
What about you?
Think of where is your TIME?
I have seen many of my dear friends spending 6-7 hrs watching full Cricket match than watching highlight? But they don’t know they are making cricketer rich by talking, sharing about them. Why don’t you consider Cricketers example even though they are earning good and have a busy schedule than us, still they are running multiple side business apart from their primary income source from Cricket.
I recall a famous quote here,
Focus on being productive instead of busy. ― Timothy Ferriss, The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
If you want to take a leap then REMOVE poisonous time from your daily routine.
It’s a Digital era, you can run the business on fingertips. Today technology is so advance hence you need not have to worry much about the physical presence of yours in business.
After Time, Money is the major obstacle in business and do you know there are lots of myths about Money, especially while starting a business?
Let’s look at those –
- To start a business, you require lots of money.
- There are so many financial risks involved in running a business, and I can’t afford that.
- I don’t have sponsors, VC to fund my business, how can I start a business.
- I don’t have much money to start a business.
All the above myths are incorrect – as Money comes in second place while starting a side business.
You must not think that I don’t have money how should I start an online business instead you must think that I can run a business to make money.
To start and run a business you simply require knowledge, skills and corrective mindset and then Money.
You can earn money by turning skills into an online business and continuously run\grow business.
Start first, see the result and if you have enough confident then invest more money in premium tools, technology. This is how you can save the cost and start an online business within as low as $0-$100.
You can develop website\blog on the free platform like WordPress.com, grow it and then move to the premium platform. Choose pocket-friendly premium WordPress themes like GeneratePress and starter hosting plan from SiteGround to develop your new brand Website and business identity.
Once you have Website\Blog, you can launch any services like eBooks, Podcast, Courses, Mastermind class, Product reviews and earn lots of money with Affiliate Marketing.
Money must not hold you back to run side hustle as
There are lots of avenues to earn money online but for that, you must ride on the correct bike.
So remove the mental block that “I don’t have much money how should I start an online business”
Let’s look at below how you can make decent money with your skills so that you can invest start a new business.
“I don’t have knowledge of business, how I can start a business?”
“I don’t have enough experience.”
“I’m not qualified.”
Are you constantly nagging like this?
If yes then you must think of below
Do you have knowledge of speaking, eating, reading, writing, talking, walking when you born on this earth?
NO, you don’t have it.
Then how did you learn these things?
You learn these with time and practice. Same way you have to digg it out the path to start a business.
You don't need a formal degree or education to run and start the side business, even none of the education system in the WORLD will teach you 'How to Start a Business', it's not defined in the education system or college.
You have to learn, learn, learn and take a actions to start new hustle by OWN.
Don't be afraid of the failures as those are good for learning and growth.
But then you may ask where and how to learn?
Can you please ask below questions to yourself before reading further?
- Do I have some skills?
- Do I have a hobby?
- Do I know something different which you can showcase to the world?
- Do I have a passion for something?
- Am I educated?
- Am I ready to flaunt my skills?
If the answer of any one of above is YES then I bet you can also launch your next, business.
What are you waiting and looking for?
You just need to identify it...
Below is the best business plan idea to work on -
This is how you can build a business around passion, skills, hobby.
The best example of this is Sumit Bansal a man making money blogging by turning his passionate of MS Excel into online business via Trumpexcel.com
People are dying to pay for the learning but you must add value to your audience else you won’t be able to scale and run it.
Add value, don’t think of only earning money at and do any business, which is the only blundering mistake I can see that eventually will kill your business presence overnight.
I don’t think so I need to write much more about it if you have read all the above points (Time, Money, Knowledge, Business Idea) carefully.
But I got one response on my facebook campaign about “What's holding you back to from starting a business and escape the RAT race of 9-5 job?” as below
So adding little bits about Direction as well.
Famous American actor-singer Jimmy Dean said,
I can't change the direction of the wind, but I can adjust my sails to always reach my destination.― Jimmy Dean
What do you want in the life RAT race 9-5 job or business or both or nothing?
It’s upto YOU
Note: Feel free to share your thoughts, challenges around direction in the comments section, I would love to answer your queries.
After comfort zone, fear is on the 2nd topmost, common problem among most of us.
Let's look at below snapshot and understand what's the fear, how to overcome the fear of starting, how you can define that here?
Image-Email Marketing Campaign Results
After reading the above response, you can say that it varies from person to person but still if I categorize it like this -
People unable to escape RAT race because they don’t have a backup, rather they forgot to create an alternative backup of 9-5 job life & financial backup along with the job.
Hence everyone has a different fear that can be categories as below
- Fear of losing a job.
- Fear of losing money due to unemployment.
- Fear of stability.
- Fear of paying the heavy bill and heavy loans. (Thanks to my reader Swapnil who has mentioned this point)
- Fear of what society and family will say.
- Fear of thinking about life without a job, etc.
- Fear of a dependent family, how the family will survive in case of no job.
And most importantly they never tried to overcome the fear of starting a business
We are a human being, once you caught up in the job, you are not thinking beyond that and the DARK circle of RAT Race started creating around you from the first day.
For most of us, the job is the ultimate goal and bread butter for life.
Your organization may fire you at any time; it’s just a matter of second.
Do you remember the 2008-9 recession period which I witnessed.?
No, then let me remind you -
Due to bad market conditions, the economy was badly suffered, big organizations fired TOP performing employees, everyone was begging for the job, and it was even worst condition for fresher.
So the point is, don't only depend on the JOB, take corrective actions and lunch your own legacy. Overcome the fear of starting out. You must kill the fear first then everything will work out slowly.
Kill fear which is inside you TODAY.
Once you're confident enough then follow below steps to start side hustle (OR mentioned in the above point no. 5 Business ideas)
Life begins at the end of your comfort zone. - Neale Donald Walsch
Comfort zone is one of the hottest, biggest problems hence I got major responses to it and also there are dozens of unBACKED articles on moving out of comfort zone.
What does it mean to be in the comfort zone?
-The answer varies from person to person. If you are not doing anything apart from your daily routine for longer duration says a year to year, then you are in the comfort zone.
I have many IT,non-IT friends out there who are currently earning a decent salary but this CORPORATE world sucking out their creative thinking and ability.
They are not able to think beyond daily JOB routine because of the comfort zone.
Not only my friends there are so many others who are just doing to and fro office, living a structured life and running into the RAT race of 9-5 job.
Let see, what are the benefits of moving out of comfort zone and how to kill Comfort zone trap
Benefits of stepping out of the comfort zone
★ You'll be more thoughtful and productive.
★ You'll be able to find the shift in mindset.
★ You’ll become more creative and can convert that creativity into a business.
★ You’ll have more organized and free time to do the more things.
★ You'll find it easier to push your boundaries in the future.
★ You'll find it easier to brainstorm and harness your creativity.
Every good thing requires time so don’t expect a result from the first day. You have to be dedicated, disciplined and spend some time to get a good result.
It took me a year to reach this stage even though I was always consistent.
Do you know your family, society is holding you back from starting a business?
We are Indian, and we are still living in those back aged traditional concept,
Get good education >> Bring good Marks >> Get a Good Job
In our society, most of the parents forcing their child's to go for higher education >> get a good job >>settle in life.
But they don’t know they are killing their child future, as their children will be paying heavy bills and EMI by doing job for lifetime.
Who knows someday your kids will become Steve Jobs, Bill Gates of India ?
I was also witnessed of this situation.
Since childhood, I have been told to do good studies to get a good job and settle in life. It’s not my family fault but they have been living into that traditional Indian culture & society wherein JOB is the first and final source of BREAD & BUTTER.
I fulfilled every expectation of my family and landed into a typical IT job that sucking out my creativity, burning desire to do something.
But somehow one day I have killed all my hurdles and landed into entrepreneurship. I left high paying job of 80K per month in pursuits of my happiness. I also lived a job-free life.
You can read more about How I am on the entrepreneurship journey and lived job-free life here escape the 9-5
I am not forcing you that you must not listen to your family but saying that there are n numbers of an online business that you can do while working full-time 9-5 job. Start with small side hustle and grow it step by steps.
Some other day that side business will pay your heavy bills, emi and you can sustain without having any job.
I hope this will work out in your case either way if you fill it will not work out then start your business silently and show the early results of side hustle to your family.
Note:- As mentioned, I have witnessed of this FAMILY obstacles but I have always listened to my heart and taken a decision. I always care and respect what parents are saying but after showing the results of others I am able to end up the discussion in a fruitful manner.
#1.Hidden Factor- You
You never realized that this YOU is also holding you back from starting your own business and YOU consist of
-- Will do it later--
-- Non-action taking mind--
You have to work on these YOU obstacles which are stopping your growth.
To start a business you have to invest your own assets -Your time, Your money and Your knowledge.
In order to success, you have to remove these obstacles which are holding you back from starting a business. Also, you need to take the CORRECTIVE ACTIONS.
There are lots of business ideas to make money and live a job free life.
I hope you got some pointers to your biggest problem through this blog post.
I damn sure this will help you to take the leap towards entrepreneurship & overcome the fear of failure.
And I would love to hear your thoughts on
- What are other things holding you back from starting a business and escape RAT race 9-5 job?
- Are there any other obstacles holding you back from starting the business?
- How did you overcome the fear of starting a business?
- Do you have this YOU obstacles?
Feel free to share your thoughts by leaving comments below as I read and reply every comment. Also, don't forget to share it on social media.