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21 Signs That Say You’re Ready to Be Your Own Boss and Start Your Own Business

You have an idea. You’ve done the research. You want to become an entrepreneur, but are you ready to take the leap? Discover the unmistakable signs that you’re financially primed to start your own business.

Stable Savings Account

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You’ve been consistently feeding your savings account, and it now resembles a well-stocked pantry ready for any event. Your savings account is your financial safety net. This cushion promises the sweet possibility of bold, entrepreneurial ventures.

Minimal Debt

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Each debt payment is a step away from past obligations and toward a future of financial autonomy. The numbers dwindle, and your capacity to invest in your dream grows as the weight of debt lightens.

Clear Financial Goals

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Your goals are written down with precision and purpose. These aren’t mere dreams but blueprints for a future you’re actively constructing. Your clear financial goals are the compass guiding your entrepreneurial journey.

Understanding of Cash Flow

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Cash flow is the lifeblood of any business, tracking the money going into and coming out of a business. Your knowledge and understanding of cash movement is a strategic tool, sharpened and ready.

Emergency Fund

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Your emergency fund is substantial and built to withstand storms of biblical proportions. Each contribution fortifies its structure, ensuring you stay afloat during hard times. This fund is a testament to your foresight and resilience. In times of crisis, it’s your lifeline.

Insured and Secured

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Your insurance policies are shields against life’s uncertainties. You’ve assessed and covered risks as a strategic safeguard, not out of fear. These policies are silent sentinels, standing watch while you build your empire.

Retirement Planning

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Every contribution to your retirement fund is a testament to your long-term vision, ensuring your golden years shine bright. This fund is the future comfort you’re crafting with every present decision.

Good Credit Score

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Your credit score reflects your financial story, told with discipline and consistency. Lenders see a narrative of reliability and trustworthiness. This number is a gateway to opportunities, each point a key unlocking potential.

Diverse Investment Portfolio

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You’ve crafted a diverse portfolio of investments. By investing in a mix of tangible assets, mutual funds, stocks, and bonds, you can capitalize on market opportunities and increase your returns.

Supportive Network

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Your network allows you access to support, advice, and collaboration. Each connection is a potential ally; their wisdom and support are the wind beneath your wings. This network is a living, breathing ecosystem, thriving with potential partnerships.

Solid Business Plan

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Your business plan is a contract with yourself, a commitment etched in numbers and objectives. Every aspect, from the mission statement to the market analysis, is a building block in your empire of ambition, a blueprint of your path to success.

Market Knowledge

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Your understanding of the market is solid and up to date. Each trend and shift is an opportunity you’re closely monitoring and ready to grasp. This knowledge is the lens through which you view the potential of your enterprise.

Risk Management Skills

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To you, risk isn’t a monster to flee from but a beast to tame. You assess, calculate, and strategize, turning uncertainties into calculated ventures. Your approach is a masterful blend of prudence and daring.

Adaptable Mindset

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Your mindset isn’t fixed; it’s as fluid as the market, ready to pivot with the winds of change. Challenges are puzzles you’re eager to solve, and your adaptability is the key to unlocking countless doors. This flexibility is your superpower, turning obstacles into stepping stones.

Disciplined Spending

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Your spending habits are a disciplined march, each purchase a deliberate step toward your financial goals. You invest in your future with every strategic purchase or deposit in your savings account.

Strategic Vision

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Your vision is a prophecy you’re determined to fulfill. Your goals and plans are organized into a strategic vision statement that is clear and accessible, making your mission tangible. You see the achievable future of your business and are actively working towards it.

Resilience in Setbacks

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You don’t just endure challenges; you dissect them, learning and evolving with each stumble. Your entrepreneurial resilience allows you to adapt and recover from setbacks and challenges, making you stronger and more knowledgeable.

Effective Communication

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Your communication skills connect ideas, people, and opportunities. From your ability to resolve conflict to your award-winning presentation finesse, your talents are well-honed and time-tested.

Commitment to Learning

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Entrepreneurship requires ongoing learning. You view education as a lifelong journey. You apply your accumulated knowledge to everyday challenges. Your commitment to growth has earned you lots of wisdom.

Physical and Mental Well-Being

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Your health is the foundation upon which you grow your ambitions. You nurture your body and mind, understanding that a sound temple is essential for a sharp spirit. This well-being is an investment, ensuring your capacity to endure the entrepreneurship marathon.

Passion That Burns Bright

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Your passion is ablaze, illuminating the path of your entrepreneurial journey. This fire is a beacon, drawing others to your cause and lighting up the shadows of doubt. Your fervor propels you forward in the face of challenge and uncertainty.

Josh Dudick

Josh is a financial expert with over 15 years of experience on Wall Street as a senior market strategist and trader. His career has spanned from working on the New York Stock Exchange floor to investment management and portfolio trading at Citibank, Chicago Trading Company, and Flow Traders.

Josh graduated from Cornell University with a degree from the Dyson School of Applied Economics & Management at the SC Johnson College of Business. He has held multiple professional licenses during his career, including FINRA Series 3, 7, 24, 55, Nasdaq OMX, Xetra & Eurex (German), and SIX (Swiss) trading licenses. Josh served as a senior trader and strategist, business partner, and head of futures in his former roles on Wall Street.

Josh's work and authoritative advice have appeared in major publications like Nasdaq, Forbes, The Sun, Yahoo! Finance, CBS News, Fortune, The Street, MSN Money, and Go Banking Rates. Josh currently holds areas of expertise in investing, wealth management, capital markets, taxes, real estate, cryptocurrencies, and personal finance.

Josh currently runs a wealth management business and investment firm. Additionally, he is the founder and CEO of Top Dollar, where he teaches others how to build 6-figure passive income with smart money strategies that he uses professionally.