Steps to Transition from a Employee to becoming a Entrepreneur
Updated: Aug 9
Have you ever wondered how to turn your dreams of owning your own business into a reality? I am a Founding Member of Rodan and Fields Australia 2017. Joining this business has allowed me to utilize my SNS, Marketing and Personal Branding skills.
Having this business has empowered me and I have made it my mission to share these inspirational stories with you so that if this is you. There road ahead is not a lonely as you might think, to take the leap into becoming an Entrepreneur
If you’ve clocked into a 9 to 5 job for your entire career, you might be unsure of how to transition into starting your own business. Actually, forget unsure—you might even be scared to do it. “Fear, uncertainty and doubt often are top of mind when people are thinking of breaking out on their own,” says millennial career expert Jill Jacinto. “It’s a gamble and a risk to take this step.”
I am here to share with you that you don’t have to be afraid. There are ways to make this transition smoothly.
Realize it’s normal to be afraid.
It’s perfectly normal—and even healthy—to feel a little fear when leaving a stable career. And you shouldn’t push that fear down: In fact, as long as your fear doesn’t hold you back, it can help you make smart and realistic choices as you launch your own business. You can either work on your own business while you have the luxury of an income, or you can dive in and quit your “Job” and focus fully on your new business.
However it must be noted that there will be a grieving process, even when you are sure about the choice they have made. Or there is the worry that you have made a mistake, I agree with those who say take your time to go through the natural grieving process that will arise for you. Realize that it’s normal, and does not mean you’ve made the wrong decision. It’s a life change, and a big one at that—and with those can come emotions you have to work through.
For me I chose to ease into it.
What I did was while I still have my career, I am doing what I can for my new business , rather than diving in all at once. In my free time, I develop my blog / website, I began recruiting future clients and business partners, and I took the time to learn whatever I could about my new business and industry before I officially say Sayonara to your old salary worker gig.
Many of my partners choose to start working part time in this field, if it’s a new direction, for a small business owner. This enables them to see the full picture of the day to day operations. While also gaining greater confidence
I started by creating a business plan.
Before I started, I really took the time with my sponsor /coach to create a business plan of yearly, monthly, weekly, and even daily items that I need to accomplish. “Being organized can help relieve uneasiness but also helps ensure your new gig is successful.
My business plan included source clients, and set budget expectations, as well as include a marketing and sales plan, whether you provide services or products. I made sure I hit my targets on my daily items to give me a small sense of achievement. I would keep record on my weekly targets and again assessed if I managed to accomplished those also.
Before I knew it I was a month in. I had my coach / sponsor check in with me to ensure I was hitting just those small daily and weekly targets when I begun.
I expect to do it myself.
As an employee, you could depend on others to handle shipping, prep a report for a client, or answer correspondence. As the owner of a business, I personally did not have the financial resources to hire an assistant.
As the CEO, President, and only employee of Audrey Anderson World, I was the one who spoke who spoke to Customers / Clients, I was the personal assistant who arrange meetings to speak to other Business Partners (sales Teams). I was the one who was doing all my Social Media on all platforms, I was the only one writing copy for my posts. I was “IT” , entrepreneurs wear a lot of hats – from top management to office custodian. Chances are you’ll undertake a lot of different business activities, so learn to shift gears quickly during each work day.
I had to learn how to building a community
As I was making the transition. I was continually sharing my plan with my “Coach/Sponsor”—especially those who have their own businesses—and see if they can help further flesh out needs and determine the best path for my success. Their advice and experience can helped make my transition easier. I also had to learn to be open to being “coach-able” that means being open to admitting that I did not know every thing and try to learn everything I could from my Coach/Sponsor.
I learned to set aside some money.
As I wanted my business to be a success, but the reality is that many new businesses fail within the first few years . One way you can make sure your business succeeds is by setting aside cash you can use in case the business doesn’t take off as anticipated. That is why I continued to work in a “Job” as I knew that I had that buffer to live off while I made sure my business could succeed. I would recommends having “six months – twelve months of runway.”
I focused on the Long Term
Again with easing into owning your own business, there needed to be a shift in my mind set. I had to ensure I maintained these daily / weekly / monthly goals. I also realized that this would take up to 5 years to grow. I focused on the Long term, and not be disheartened by the up’s and down’s of things outside my control which in 2020 was CoVid-19. I have really chalked this year up to a learning experience. I am not letting this experience crush my goal.
So now I am again focused on my Daily activity – taking this back to scratch. If you want to chat with someone who has done this. I am able to share some insights with you
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