SOME THINGS TO CONSIDER BEFORE MOVING FROM PAID TO SELF-EMPLOYMENT.

Share this Post
Subscribe to this Category's
Posted on 11, August 2014 15:22:10 in the category START-UP
Views: 2988
LastModified: 09, September 2014 13:11:36

SOME THINGS TO CONSIDER BEFORE MOVING FROM PAID TO SELF-EMPLOYMENT.


While it may be tempting to jump now, your leap into entrepreneurship will be a rough one if your starting position is off. It has nothing to do with the economy and everything to do with the way you set the stage for your transition to full-time entrepreneur.

Here are some scenarios that will put you at a disadvantage if you don't address them before you leave your 9 to 5:

1. Do you still think like an employee? Have you developed the habits of mind to think like a business owner? Are you prepared for the isolation, to make tough decisions about your priorities, time, and money? Have you been actively learning the skills and traits that differentiate a business owner from a hobbyist? Have you planned out the goals and marketing strategy for your business or are you jumping out of emotion - the excitement of having a new idea. Take the time to understand the many hats that a business owner has to wear and the strength of mind it takes to persevere through the rough spots of being your own boss.

2. Are you moving because you hate your job? This is about the emotions and experiences that might be driving you to start your own business:

If you're in a bad work environment, chances are you may feel depressed, irritated, and frustrated - you are emotionally drained. Making a transition when your emotions are in such a frail state is a bad move. You will lack the energy and clear vision you need to make wise decisions. Also missing will be the confidence and resiliency required when challenges arise.

It can be hard, but restoring your emotional health before you step away from your job will increase your chances of starting and staying strong. It will also ensure that the bad feelings about your current job are not clouding your judgment about the decisions you will need to make as you start out on your own.

3. Do You have a solid financial plan? Even with social marketing platforms and online tools, pursuing a great business idea still requires money. You need to pay your bills, eat, and take care of yourself and family in addition to investing in your business. Maybe your idea requires very little start-up capital. You still want to have at least 12 months of expenses covered. This relieves you from operating your business under the pressure of needing money immediately.

Make sure you have clients lined up and money to support you if those expected sales fall through. The more desperate you are for money, the more likely you will take projects from less than ideal clients or you will cut your prices, diminishing the perceived value for your services or goods. Having a solid financial position, keeps you from risky business that ultimately threatens your peace of mind and reputation. And if anxiety and frustration about money keep you from providing quality work, you and your customers or clients will have doubts about your business.

If you want a strong start to being your own boss, pay special attention to your thinking patterns, emotions, and money. Take the time to stabilize, plan and prepare so that you can learn from the journey of launching your own business instead of struggling through it. And remember you can always launch while working. 

Previous Post: End of posts here
Comments
Togbe emmanuel Y    10, November 2014 21:37:05

i kept wondering your consistence about the things you taught always, its amasing. God bless you sir. please i would appreciate if would be my mentor in my business, ministry, and in my political aspirations.would love to get reply pls.

lydia    25, March 2015 12:35:32

Hi,

Thanks for the list of things to consider before moving from Paid-To to Self Employment.

 

Add a Comment
* means the field is required.
Name *
Email *
Security(63012695555);
Comment:

Previous Posts Under START-UP
No more posts for this
View More Posts
Recent Posts
TODAY ON FRANKLY SPEAKING - REAL RESPECT Views 885
From Frankly Speaking With Muyiwa Afolabi under:
Frankly Speaking
TODAY ON FRANKLY SPEAKING - CONFRONTING AND EVADING Views 2968
From Frankly Speaking With Muyiwa Afolabi under:
Frankly Speaking
MASTERING THE ART OF PUBLIC SPEAKING Views 2112
From Frankly Speaking With Muyiwa Afolabi under:
Frankly Speaking
TODAY ON FRANKLY SPEAKING - THE PURPOSE OF ISOLATION Views 3346
From Frankly Speaking With Muyiwa Afolabi under:
Frankly Speaking
TODAY ON FRANKLY SPEAKING - WHERE IT COMES FROM. Views 3990
From Frankly Speaking With Muyiwa Afolabi under:
Frankly Speaking
Subscribe
Popular Posts
THE TRUTH ABOUT TITHES! A STUNNING REVELATION IN AN INTERVIEW WITH MUYIWA AFOLABI Views 87328
From Christ Society International Outreach under:
REVELATIONAL TEACHINGS
IGHO SANOMI; AFRICA'S YOUNGEST BILLIONAIRE Views 48181
From Frankly Speaking With Muyiwa Afolabi under:
Business News
TODAY ON FRANKLY SPEAKING - WHERE IS YOUR HAPPY ENDING? Views 43331
From Frankly Speaking With Muyiwa Afolabi under:
Frankly Speaking
TODAY ON FRANKLY SPEAKING - THE GIFT OF GOODBYE Views 25577
From Frankly Speaking With Muyiwa Afolabi under:
Frankly Speaking
6 PHRASES YOU SHOULD NEVER USE AT THE OFFICE Views 24089
From Frankly Speaking With Muyiwa Afolabi under:
Business News
Quote Of The Day
"Performance is a combination of mental capacity and physical ability."
By - Muyiwa Afolabi
Gallery
Contact
Telephone:
+2347063496599 +2348107615145 +2348079483193