If you have your sights set on becoming an entrepreneur, you may feel a little lost in terms of how to get started with taking the jump; here are 5 steps to help you make the switch to entrepreneurship.
- Establish Goals (Be Specific)
Do you want to be a large corporation or a small local business? Do you want to offer products online or do you want an actual brick-and-mortar store? These are questions you need to be asking yourself before you take the leap into entrepreneurship. Figure out what your business concept will need to succeed and build yourself a solid plan of how to get there. You need a goal of where you want to take your business, and a plan of action to get there.
- Learn From Your 9-5
While you’re looking to leave your current job in pursuit of creating your own, there is still a lot of valuable information that you can glean before you leave. Consider common problems that the business encounters and why the issues persists to help you avoid them in the future, and observe how various operations unfold. Seeing a business in operation can help you figure out how you want yours to run.
- Build Your Clientele
In order for your business to prosper, you’ll need clients. Research the products that your ideal clients are purchasing and see what the reviews for those products are. You may also consider taking on free clients in exchange for testimonials for your website. This will make you seem more credible to future clients and the “free” clients can also be converted to paying customers if they love your products and services.
- Learn as Much as Possible
Learn as much as you can about business and your specific niche and never stop learning. Don’t be afraid to ask for help or hire a coach or consultant. Study business management because no matter what your specific field is, none of your efforts will be successful if you don’t know the basics for running a business.
Starting and running your business takes a lot of time, effort, blood, sweat and tears. To ensure you can continue this venture long term you need to establish a routine of healthy self-care habits. Make sure you’re getting 8 hours of sleep each night, exercising for at least 20 minutes a day, doing a fun or creative activity each day, and spending time with loved ones. Learn to “rest”, not “quit”, and schedule time off for yourself to relax and recharge.