Sylvan Franchise Blog

How do you know when you’re ready to start a business?

Posted by Laura Dunn on Jul 16, 2014

How do you know when you’re ready to start your own business? It can sometimes feel like taking a step outside of your safe place. Or a leap of faith into the unknown. For me, it was a bit of everything when I decided to start my business, LED Media, earlier this year.

I’d been toying with the idea for about six months, my decision swaying from yes to no as I tried to weigh the pros and cons of becoming an entrepreneur. My profile as a blog owner and as a blogger for The Huffington Post had risen at an unexpected rate, and I had received many requests from individuals and businesses if I could assist them with social media and copywriting. In this instance, it was a case of the demand being right in front of me, as well as the scope for long-term possibilities.

I was fortunate to be in a position where I could ask advice from many individuals who are successful in the business world. My mentor was a big help in understanding the basics, as well as the pros and cons of working for yourself, and I used the kind offers of help from individuals that I met at conferences. I was also lucky to have a tax advisor in my circle of contacts whose advice has been invaluable and calming as I try to understand the world of finance and bookkeeping!

My passion for social media and writing was a big influencer, and as it’s something I do every day, I know that I will love to do the work that I am hired to do. I’m currently running a social media advocacy campaign in Wales, creating infographics for a public affairs company and working on a new digital idea with my mentor.

For anyone who is thinking of starting his or her own business, really do your research. Read articles and blogs like this one to get advice, network at relevant conferences and events, and seek out experts in your field. Speak to other business owners and franchisees, and take advantage of online business networking sites that often have the answers to those burning questions. Specialize in what you are good at, but, above all, do something that you love. If you’re passionate about education and making a difference in children’s lives, Sylvan may be the perfect fit for you. Following your passion will reap rewards, and not just financial ones.

Sylvan has asked freelance writer and blogger Laura Dunn to contribute to our Franchise Blog by sharing her experience as a businesswoman. Dunn will be featured here several times each month, so check back often to read her advice for aspiring entrepreneurs.


Topics: Entrepreneur Insight