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Calling all entrepreneurs – to leap or not to leap?

posted on March 30, 2012

Jeff Bezos asked his boss at the hedge fund where he was Senior Vice President, whether he should give up his job to start up a business selling books on the internet.  His boss said “That sounds like a really good idea, but it would be an even better idea for someone who didn’t already have a good job.”

This is a dilemma faced by many entrepreneurs who have a great idea and have to make the decision about whether to take the leap.  It took Jeff Bezos 48 hours after that feedback from his boss.  His company Amazon, now employs 56,200 people and is valued at about $80billion.

A graduate from the Young Entrepreneur 12 Steps to Success programme recently said ” Going to two job interviews after learning about risks, turning down the first job in the hope of being offered the second one which I thought would have a better future – and it has – and thanks to that – I have.   It was the best decision  that I made in my life last year!”

What stands in your way of taking the leap are probably concerns around having the conviction that your idea will work, doubting that you have the ability to find clients, feeling that you ‘ought’ to be doing a regular job (especially if there are other people dependent on you) or just the fear of making the wrong decision.

A word of advice from someone who leaped “The key is to just get on the bike, and the key to getting on the bike… is to stop thinking about ‘there are a bunch of reasons I might fall off’ and just hop on and peddle the damned thing. You can pick up a map, a tire pump, and better footwear along the way.  – Dick Costolo, founder of Feedburner.com and CEO of Twitter.

For help with leaping big, take a small leap and talk about it.

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