4 Important Steps to Take Before Becoming an Entrepreneur Full Time
Don’t Quit Your 9-to-5 Just Yet…
Does the idea of being an entrepreneur excite you? When you’re at your 9-to-5 each day, is the idea of being your own boss just about all you can think about? Well, it’s not always wise to quit your stable 9-to-5 unless you’re truly prepared for business ownership. So, here are four important steps you really need to take before becoming an entrepreneur.
4 Tips to Prepare You Before Becoming an Entrepreneur
1. Determine Your Life’s Passion
Name one thing you truly, deeply want for your business career? Once you determine your business goals, you can come up with a measurable, realistic plan to achieve those goals. You must write them down to implement an effective plan of action.
2. Put Your Plan to Action
Before becoming an entrepreneur, you have to promise yourself you’ll set your fears aside. It takes momentum to make a new venture work. So, get ready to step outside your comfort zone. If working a 9-to-5 limits your ability to get certain things done, outsource the work.
3. Separate Job from Business
Like many new entrepreneurs, you need to keep that 9-to-5 until your business actually starts to turn a profit. So, keep your entrepreneurial affairs separate from your 9-to-5 job. The last thing you want to do is get yourself fired right when you need a paycheck the most. Make sure you can afford to let go of that income before becoming an entrepreneur.
4. Plan a Seamless Transition
Of course, one of your ultimate business goals at this point is to quit that 9-to-5 job and work for yourself full-time. Make sure you’re financially prepared before making that bold leap. Remember that you have a family to support, and bills to pay. So, if your venture isn’t quite ready to pay you a salary, you probably need to hold on to the one you have for the time being.
What other steps do you recommend before becoming an entrepreneur?
Share them with us and our audience in the comments below.