Entrepreneurial life can provide you with financial fulfillment and offer you the opportunity to work on something that you love, but it requires hard work and dedication to create a successful online store. If you’re thinking about running an ecommerce business then it’s important that you take some time to assess if life as an entrepreneur is a good fit for you– it isn’t for everybody. We’ve created this article to provide you with all the information that you’ll need to decide if starting an ecommerce business is the right decision for you.
Are you Passionate?
Having a passion to succeed is a great quality for an ecommerce entrepreneur to have. Whether you’re driven by the opportunity of having freedom in your work life, or you want to prove that you can create a successful ecommerce business on your own, if you’re passionate about your work you’re more likely to achieve your goals. Ecommerce entrepreneurs are constantly working towards making their lives better.
Being passionate about your work is also essential for those days when you’re lacking in motivation. Unlike corporate employees, ecommerce entrepreneurs can rarely afford to have days off– your customers are depending on you to fulfill their orders. It’s critical that you can maintain a high level of professionalism whilst you’re running your online store and if you’re passionate about making your ecommerce business successful then you’ll do whatever it takes to make that happen.
Can You Handle Stress?
As with most professions, it’s likely that you’ll encounter some stressful situations whilst you’re running your own ecommerce business. You’ll be the boss of the ecommerce business, so it’s critical that you can handle stressful situations and continue running your store efficiently. Whether the stress comes from a late shipment of deliveries, or the marketing campaign which you laboured over for hours isn’t working well, you’ll be the one who needs to come up with a way to solve the issue.
You’ll have a good idea of how you’ll react to stressful situations if you’ve already dealt with similar situations in a previous job. If you haven’t encountered work-related stress before then take some time to assess how you think you’ll perform under pressure. If you’re unphased by the idea of stress whilst you’re running your ecommerce business, or you merely view it as a part of the job, then it’s a good sign that you’ll enjoy working as an ecommerce entrepreneur.
Can You Multitask?
Ecommerce entrepreneurs need to be able to manage their tasks and their time wisely. Whilst you’re running your own online store your responsibilities will cover a broad spectrum, which means that work will be different every day. However, some people can find it difficult if they aren’t following a routine. One day of running your business may involve managing customer service queries, finding new product suppliers, and setting up a brand new PPC marketing campaign, so being able to manage multiple tasks is a great quality for an ecommerce entrepreneur to have.
Successful ecommerce entrepreneurs can also adapt to solve whatever problems are thrown at them. If you’re methodical with how you approach your workload and can break down your tasks into manageable sections you’ll be able to run your own ecommerce business smoothly and efficiently.
Can You Make Sacrifices For Your Business?
When you’re running your own online store you may need to make personal sacrifices for the success of your ecommerce business, and it’s important that you’re prepared for this.
One thing which you’ll likely need to sacrifice is your time. It’s critical that your tasks are completed on time and if you’re behind schedule on something then you’ll need to make sure that it’s completed as soon as possible. It doesn’t matter if you find the time to complete your tasks by working longer hours during the week, or by taking some time out of your weekend to finish everything, you’ll need to complete your tasks in a timely manner.
You might also need to make some personal financial sacrifices to help your ecommerce store get off the ground. Some marketing channels require financial backing to run, like PPC marketing. They’ll help your ecommerce business grow a lot so it’s important that you’re prepared to back your online store with your own finances to help it prosper.
Can You Work Without a Fixed Schedule?
Ecommerce entrepreneurs rarely have a fixed working schedule. You’ll likely have a 9 to 5 schedule whilst you’re working at a corporate company, but when you’re running your own business you’ll be the one who decides when you need to complete your work.
As your ecommerce business may require your attention at various different times each day it’s important that you’re willing to dedicate the necessary time and effort to complete each task.
If you’re used to working a fixed schedule then you’ll need to assess how you’ll manage your workload effectively.
Can You Work Independently?
For some, the prospect of working independently on a business can be daunting, especially if you’re used to working with a team of colleagues who can help to manage the workload. It’s important that you can work independently, as you’ll likely be running your ecommerce business on your own, at least until your store has generated enough revenue to hire other employees.
It’s also important to consider where you’ll be working on your ecommerce business. You’ll be able to work from home, which sounds amazing for some, but if you’re in the bracket of entrepreneurs who aren’t productive whilst working from home don’t worry– there are other options. You can hire a desk at a local coworking space which will provide you with a working environment filled with other busy entrepreneurs who are working on their own projects.
Making The Decision
We’ve now listed the main questions which you’ll need to ask yourself before you start your own ecommerce business. It’s now down to you to make the decision if running an ecommerce business is for you. You can also check out our ecommerce blueprint for more advice on starting your own ecommerce business. If you have any other questions about starting or running an ecommerce business let us know, we’re here to help you succeed!