I have heard it said for a long time that if you want to become an entrepreneur, you must give up your job and risk everything to succeed – this is not negotiable! Take chances, be courageous, be self-confident and be 100% committed. I would like to suggest another, less radical, way; keep your current job and test your idea by becoming a part-time entrepreneur – evenings and weekends. In fact, I have noticed that those entrepreneurs who launch themselves into the challenge of creating a business while keeping their day job, have more likelihood of success. This enables you to have the time and the financial resources to refine your project. If you become a full-on entrepreneur straightaway, you start with your back against the wall, you have little room to manoeuvre to develop and perfect your model, your service or your product. In short, becoming an entrepreneur while keeping your paid job will enable you to hesitate and to doubt and question your ideas – to find the right model. If you are going to take risks in these difficult times, take calculated ones. You will probably say ‘my current job doesn’t leave time for anything else. And there’s my family, my social life…’ I’m sure it’s true, but I believe you can always find time. If you get up one hour earlier every morning, you’ll free up 7 hours per week. If you stop watching TV or reading Facebook, how much more time will you gain? Remember the old saying, ‘where there’s a will, there’s a way’, and then take advantage of the best of both worlds – a salaried position and entrepreneurship – in order to launch your start-up.
Charles-Henri Dumon, CEO & Founder of Morgan Philips Group