You’ve likely heard about the ‘Great Resignation.’ When the pandemic abated and business owners told employees to return to work, many were met with a big, ‘No thank You.’ Could it be that people were tantalized by the taste of freedom and saw ‘their’ world in a new light? Flirted with the idea to start a business. Be their own boss.

The world has changed and continues to change, and many people are seeking to work from home or start their own business. And they’re fabulous opportunities to do so, but before you plunge in and reinvent your life, here’re five personal things to consider before you start a business.

Here’s an interesting stat from a study Microsoft did: ‘…research shows that 41 percent of the global workforce is likely to consider leaving their current employer within the next year, with 46 percent planning to make a major pivot or career transition.’

Becoming a business owner is a step that requires a clear head and focus, and it will be helpful in the long term to get your personal life in order before you leap. Doing so will give you clarity and help you to pursue your vision. The five things this post will cover may appear basic and obvious, but they could easily be taken for granted, so don’t dismiss them.

Things To Do Before You Transition To Working From Home

Finances:

Ensure that you have a livable income. It’s not recommended that you leave your employment without replacing your salary unless you have savings to support you. Bills still need to be paid. In addition, understanding how to take care of your finances will prepare you to handle the role of being a business owner.

Social life:

Only you can determine what that means to you. It might mean going out to dinner once a week or twice a month or going away for long weekends with friends. Whatever it is, your life won’t feel satisfying if you don’t have a social life. Whether you’re an introvert or, an extrovert, you need others more than you might think. No man is an island. Set aside time to surround yourself with people who share your values and support you. They will enhance your life. So be sure to fit in time to enjoy it and create memories. Science advocates that you’ll live longer.

Physical health:

Block out time to look after your body, eat healthy foods, and exercise or at the very least keep active. If your work will be sedentary, get an app to help you take breaks. And don’t neglect to get an annual physical check-up. Selfcare is important. Don’t neglect it.

Mental health:

Many people experience some level of psychological issues that limit their ability to enjoy life to the fullest. It might be anxiety, substance abuse, heartbreaks and betrayals, setbacks, family drama, failures, crushing losses, bitter disappointments, physical health issues, or money problems. Challenges are a part of life, but again, self-care is important, so seek professional help or speak to someone you trust to get you through any issues.

Leisure:

Life should not just be about work, chores, and socializing. It’s healthy to have other interests or a hobby. According to Wikipedia: Hobbies can include collecting themed items and objects, engaging in creative and artistic pursuits, playing sports, or pursuing other amusements. They’re three variants, which are:

Casual leisure – intrinsically rewarding, short-lived, pleasurable activity requiring little or no preparation.

Serious leisure – the systematic pursuit of an amateur, hobbyist, or volunteer that is substantial, rewarding, and results in a sense of accomplishment.

Project-based leisure – short-term, often a one-off project that is rewarding.

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Choose one that you would enjoy. Take control of the day-to-day issues in your life and plot your lifestyle before you take on the role of business owner. You’ll be happier and ultimately successful.

© Cherry-Ann Carew

Cherry-Ann Carew is an Online Business Coach, who supports emerging business owners simplify their start-up journey and helps existing businesses scale to the next level so that they can earn uncapped income and live life on their terms.