Modern Business Magazine April 2016 | Page 14

MODERN BUSINESS 8 Things You Need To Know If You’re Going To Survive The Post Corporate World By Gavin Sequeira M ost corporate people living pay-check to pay-check are only 2-3 months away from going broke without their corporate income. Yet so many people jump straight into a business with little to no experience. They go all out, quitting their job and announcing it to the world, only to come back not long after, desperately seeking their old jobs again, because it’s harder than they ever imagined. Face it, business requires a range of skills that need to be developed over time. Studies have shown that there are 8 things you need to practice as you start your new business if you 14 ModernBusiness April 2016 are to survive the post corporate world: Do Your Due Diligence 1 – Don’t Bark Up The Wrong Tree It’s easy to get caught up in the moment when you are excited. Do your research, ask questions, take your time to consider and re-consider the options. Is this business going to give you everything you want? i.e. is it the right vehicle to help you achieve some of your life goals? Is it sustainable? What are the risks involved and how easily could you walk away from it if you had to? Seek Help And Advice – You Don’t Know What You Don’t Know Leave your corporate ego at the door when you begin building your business. Start forming a team around you that will help you navigate through the unknown seas in business land. There are always people smarter than you in various areas you may not be proficient in. Seek their help and advice and consolidate their wisdom and experience with yours to move forward faster. 2