After you’ve been employed for a few years, you probably have job security, a regular income, benefits, and a bright future. Even so, you may want more out of life, and starting your own business may be the way to get it. However, moving from employee to entrepreneur requires planning, a clear understanding of your career objectives, and confidence that you can do the job as an independent business owner.
Here are some suggestions for creating a smooth transition from employee to entrepreneur, increasing your chances for the success of your new company.
- Determine what you’d like to do. Some people call this finding your passion, but it’s more than that.
- Think about what others will pay for.
- Interview ideal customers.
- Design your marketing and business plans.
- Set up your business on a small scale.
- Assess feedback and adjust.
- Assemble a team.
- Secure financing.
- Set up the structure of your company.
- Leave your job.
- Set up a working budget.
- Scale up your business according to your marketing plan.
YSSE/Sanjida
