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The new year can be the perfect catalyst for people to take the leap and start a business<\/a>, but there are a few things you need to think about before taking the plunge.<\/p>\n Bret Ireland, National Recruitment Manager at First Class Accounts, has helped more than 110 people start their own businesses. So he\u2019s seen what makes a great business (and business owner) and knows what it takes to be successful in a new business. We caught up with him to find out more.<\/p>\n Bret:<\/strong> First Class Accounts is a national bookkeeping franchise, and I help potential business owners work out whether starting a business is the right choice for them. This involves me assisting them to review their life and work goals, introducing them to other franchisees so they can understand the realities of running a business and briefing them on our company culture and expectations. In my experience, I\u2019ve found that if I have to \u2018sell\u2019 them on the idea of starting a business then they probably shouldn\u2019t be doing it.<\/p>\n Bret:<\/strong> Generally, they want more control over their professional and personal destiny, and want to develop a business that gives them greater flexibility and better work-life balance. They\u2019re also very motivated by having a real impact on the fortunes of other small and medium business by helping them get their finances in order.<\/p>\n Bret:<\/strong> No. Everyone gets frustrated with their job from time-to-time but it shouldn\u2019t be the reason to start a business. If someone is unsatisfied in their current role, I\u2019d advise them to look for a solution, rather than thinking a new business will solve their problems \u2013 because nine times out of ten it won\u2019t. Starting a new business (especially from scratch) is a huge decision that shouldn\u2019t be taken lightly. To succeed in any business, you need a genuine passion for the sector and a desire to do whatever it takes to make it work \u2014 being cheesed off with your job just won\u2019t cut it.<\/p>\n Bret:<\/strong> Why am I considering this? Is this the right vehicle for me to achieve my work, lifestyle, and financial goals? Am I prepared to make the sacrifices needed to develop a successful business? Do I have the financial back-up (working capital) so I can focus on the development of my business? Do I have the support of my partner<\/a> or spouse? These are all questions people really need to ask themselves. Starting a business is exciting and rewarding, but it\u2019s a big commitment and a lot of hard work. So, I can\u2019t stress enough how important it is for people to really analyse whether it\u2019s going to be right for them.<\/p>\nThe Pulse: Before we get down to business, could you give tell us a bit about your role?<\/strong><\/h5>\n
The Pulse: What are the main reasons why people want to start their own business?<\/strong><\/h5>\n
The Pulse: Is frustration with a current job a good reason to start a business?<\/strong><\/h5>\n
The Pulse: So what questions should potential business owners ask themselves to make sure they\u2019re in the right headspace for success?<\/strong><\/h5>\n
The Pulse: What advice do you give potential business owners when they\u2019re considering starting their own venture?<\/strong><\/h5>\n