Crunch the numbers first, then follow your business dream on sure footing
I have a degree in nutrition science, but for the last 10 years I’ve worked as the food service manager in a hospital. I’m really burned out in this job, but I still want to help people.
Ideally, I’d like to pursue an internship that would allow me to become a registered dietitian, then open my own practice.
However, the idea of having my own business terrifies me. My mom and dad run a small business, and they barely break even. Can you help me with these feelings?
It’s normal to have a certain amount of trepidation about opening a small business. But don’t let fear alone – whether it’s the fear of failure, or the fear of being more successful than your parents – overwhelm you and dictate your decisions.
There are two things you need to consider when thinking about your dream job. One is how much it will cost in terms of dollars and cents. The other is how much time it will take.
I would encourage you not to take on debt to make this happen, but some thorough research in these two areas might go a long way in making you a little less fearful. Knowledge is power, and a detailed plan is essential for success.
Think about this, too. I’m sure you have connections in your current job that would be very beneficial in your dream job. Talk to some of the doctors at the hospital. Tell them your dream. Some of them may be willing to refer patients or offer advice in other areas.
Once you’ve crunched some numbers, and your dream has progressed to the point where you have a practical plan, start your business slowly on the side.
Then, be patient while it grows to the point where you can make the jump to full-time!
- 5 simple habits of the average millionaire you can use
- Dave Ramsey says: Listen to wife, set up emergency fund for retirement
- Dave Ramsey says: Budget-billing for utilities is smart planning
- How to get started on spring cleaning your finances
- Dave Ramsey says: Set up account for work-related travel expenses