3 Things to Know Before You Quit Your Job and Start Out on Your Own
As an aspiring entrepreneur, your hopes are undoubtedly through the roof. All you can think about is becoming your own boss and growing your finances doing what you do best. However, before you say goodbye to your nine-to-five, there are a few things to be aware of if you plan on finding lasting success on your own. Heed these three useful pieces of advice in preparation for your journey.
Set the Foundations Before You Go
Not having a clear plan of action is a sure way to crash and burn. Before you turn in your two-week notice, you should be adept at your craft, understanding how to market to your target audience and ready to deliver quality services and products immediately. You should optimize online interactions during this time while also studying the market, cultivating your personal brand, creating a website, connecting with vendors, and stocking up with the necessary tools to get the job done.
Having a solid plan means nothing if you have no one to pitch it to. Networking is a skill that you will forever have to exercise, but it is one that will consistently connect you with potential customers and money-making opportunities. Focus intently on remaining friendly in your industry and never talking down on your previous employers or other entrepreneurs as burning bridges can lead to your untimely demise. Create your business cards and make a habit of spreading the good word about your business everywhere you go.
Have Enough Finances to Hold You Over
The freelance world is unpredictable. You may find yourself swimming in business one month and nearly begging for a sale the next. Or more commonly, you may not turn over a real profit for at least a couple of months in the game. This is why it is always wise to have enough money to sustain yourself for at least three months. Not only will this emergency stash keep you covered while you get your feet wet, but it will also allow you some time for trial and error without posing a threat to your livelihood.
The world of entrepreneurship can be one of unlimited opportunities and prosperity, or it can lead to a dead end. And while there is a definite place for your success, you will get there quicker if you plan for it well and stay the course.
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