Being a cog in a machine can get exhausting. Not only do you not have the freedom to branch out from your normal work routines, but you also have to fall in line with what your superiors think or propose. And for people who feel that they have great ideas that aren’t being heard or executed on, this can become very frustrating. Due to this frustration, many employees decide to take the leap and become their own boss by starting their own business. While this can give you a lot more freedom, that freedom comes at a cost. So to help minimize that cost to you, both literally and figuratively, here are three tips for transitioning from employee to entrepreneur.
Get Your Plans In Order
Choosing to step out on your own after a particularly hard day at the office likely won’t leave you with much chance for success. In order to make the switch from employee to employer effectively, you’ve got to have a plan. Sujan Patel, a contributor to Entrepreneur.com, recommends not only having a decent business plan in place, but to also have a marketing plan as well. By making these plans in the first steps of preparing to start a business, you’ll already have great ideas written down to help guide you through the toughest parts of business ownership—the jumping off points. With these plans in place, you will hopefully avoid many problems other startups face, like needing additional unplanned funding or struggling to find an available market.
Gain Some Experience First
While you might want to jump immediately into being your own boss and creating your own company, without at least a little bit of experience in your field, this may prove to be harder than you can manage on your own. Bret Silverberg, a contributor to Monster.com, shares that unless you’re starting your business in a previously nonexistent industry, you’re going to need to have some experience in the industry before you’ll be able to successfully occupy your own space in that field. Try obtaining a job or even an internship that allows you to learn all you can at a quick pace so you can get to starting your own business as soon as possible.
Learn To Trust In Yourself
Going off on your own can be exciting, but it can also be scary, especially when you don’t have anyone else to rely on. Knowing this, it’s important that you trust yourself and your own intuition regarding business decisions. If you plague yourself with doubt and second-guessing when you don’t have someone to bounce your ideas off of, you’ll progress at a glacial pace. To help with this, Nellie Akalp, a contributor to Mashable.com, recommends keeping in touch with your former colleagues to maintain social interaction with people in your field so you don’t get too far off base on your own.
To ensure you have a successful transition from employee to entrepreneur, use the tips mentioned above as you plan your path to business ownership.