So you want to be your own boss? I mean, who wouldn’t? The idea of not being stuck to a 9 to 5, not having to answer to needs of others, and the flexibility of being able to work whenever you want, cannot be beaten. The possibilities and opportunities are endless when you work for yourself. If you are currently working for a company but plan on transitioning to a business of your own, check out these tips.
Save Your Money
It isn’t a secret that saving whatever funds you can is always a good idea. If you are looking to branch out on your own, you will need to have savings. As a new entrepreneur — more than likely — you will depend on the money you have accumulated from your corporate job, especially during the start-up phase when or when business is slow.
Take initiative at work
I know what you are thinking — why would I take on more responsibilities at my job if it isn’t my passion? The truth is, when you embark on your journey to entrepreneurship you will face many challenges. You will have to learn new processes and work through obstacles that you may be unprepared for. Because of this, I urge you to take initiative at your current job. Trust me, as an entrepreneur there will be times when you have to step up and take initiative and you can’t pass the job on to someone else.
Enhance your skills
One important way you can invest in yourself is to enhance your skills. You might not be a Jane or Jack of all trades, but if you can master what you do know and what you are good at, then that’s a start. Allow your current job to be a “paid learning opportunity”. It is important to remember that whatever you learn can be transferred in the right setting. Leveraging the skills and expertise you have learned from your corporate job into your new entrepreneurship role will benefit you in the end.
Create your business plan
While you are employed and have a regular income, work on your business plan — a roadmap of your business objectives, goals, products, services and more. Take this time to figure out any roadblocks. Ask yourself questions: ‘Does my business plan makes sense? Can I generate revenue with this plan?’ Discuss your plan with a business coach or discuss your plan with other entrepreneurs. Whatever you do, just have a plan. It doesn’t have to be perfect, but have something as your foundation to work with.
Cheers to all the entrepreneurs in the making working 9 to 5 and then grinding from 5 to 9. Use exactly where you are to get to where you want to be!
If you have any additional tips to share with Mogul Millennial readers, feel free to share them at firstname.lastname@example.org and we might shout you out on our social media!