Making the shift from full-time employee with a steady income to entrepreneur with an unpredictable schedule can be difficult. Here are ways to make it through the transition so that you are not one of the 50 percent of small business owners who do not make it past their fifth year (scary statistic alert).
Top Advice on Becoming an Entrepreneur
Your time is money, literally, as an entrepreneur. So, you will have to settle for getting a project finished to the best of your abilities within the allotted timeframe rather than trying to get it perfect by doing numerous revisions. Perfect isn’t possible, and it will only slow down your small business if you take too long on a project, which costs you money in the long run.
Be Ready to Work A Lot
Say goodbye to that 9-to-5 schedule that you had back at the office. While some days might be this way, other ones will have you working late into the night to meet deadlines or start projects. Remember that you’re working toward your dream and you will keep motivated.
Take on a Range of Roles
When you worked for a company, you probably didn’t take out the garbage or buy office supplies in addition to your main job role. But now you are responsible for a range of activities, from marketing to sales and accounting. Make sure you are fine with taking on multiple tasks before you make the jump to entrepreneur.
Deal with Social Isolation
It can come as quite the shock to a 9-to-5’er to switch to a self-employed lifestyle, particularly if you work from home. You will miss the social interaction with co-workers during those first few months in particular. Keep some form of a social life by partaking in local social networking events, reaching out to people you used to work with, and making time for friends and family.
Every single day, employees dream of being an entrepreneur and you can make the dream of starting your own company come true for yourself. It just takes some learning and advice, starting with the tips above.
Becoming an Entrepreneur Videos
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