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A disadvantage of taking this approach is
fact that it can put you under extreme financial pressure which can then impact upon other areas of your life as well as lives of any of your dependants. It could even mean depleting all you capital creating a need to return to paid employment.
The approach I took to set up my Coaching Business…
In setting up my own coaching business I decided to take later of two options. I gave up my ridiculously well paid corporate consulting job so I could dedicate all my energies into establishing a successful coaching business.
What I personally like about this approach is uncomfortable feeling you get when you start eating into your start-up capital whether it be savings, borrowings or venture capital. This feeling has compelled many an entrepreneur to push forward rapidly and make breakthroughs that they would not have been able to achieve had they kept their job.
So which approach should you take?
This a question that only you can answer. Give deep consideration to how you feel about both approaches and determine which one is more suitable for you given your current circumstances. It is also important to consider type of business that will satisfy your entrepreneurial needs. This may also impact upon your ultimate decision.
Regardless of your which approach you take, there is one thing that is for certain; if your will is strong enough and your idea compelling enough you will find a way!
* Financial Health Warning: if you do decide to take this approach please consult with your financial adviser first.
Damien Senn is a Life and Business Coach as well as a fully qualified Chartered Accountant. He helps people create compelling futures. He is the author of the 'Senn-Sational Success Journal' and has developed his own coaching model called the 'Senn-Sational Success System'.
For your free download '101 things to do before you die' please click the following link:
http://www.senn-sational.com/freeresources.htm
