Wednesday, January 16, 2013

The Transition of Employee to Entrepreneur

            Are you tired of working for someone else? Do you think that you would be happier as a boss of your own business? Before you take the plunge, consider looking into the business opportunities available to you at your current job. Your job could potentially help set up the foundation for you to be a successful solopreneur. In the off chance you decide to go your own way from your job and own your own business, here are some tips to help transition you from employee to entrepreneur.
            The first thing to consider is deciding between your professional and industry skills. You may be knowledgeable on certain topics, but passionate about others. Which one will make you happier? This is something to consider when making the transition. You want to take into account the most profitable business move, but also keep in mind that this is YOUR business and it should be interesting and fun for you as well.
            Secondly, you should find the trends that are driving your industry. Within every industry are strengths and weaknesses. It is important for you as the potential business owner to be educated in such topics. Being able to indentify the trends in the market will help your business in finding success.
            Third, you need to find your sweet spot. Once you figure out what the industry trends are, it is important to react and figure out what clients want. If a client needs something new and you are first to react upon it you have a really good shot at turning that into winning sales. You also need to keep in mind what YOU want. If you are merely leaving your job because you are fed up with it, that is not a long-term success factor. You will need to figure out what you would like to do and turn that into an ambition or goal.
            Lastly, work your network. When you are about to launch your business, use your connections that you have made to give it a jump-start. It is beneficial to talk with people already within the industry to get some pointers and success tips. Since they have previous experience and have started up their own business, they would be the most useful people to be in contact with.

1 comment:

  1. When we are thinking how to be an entrepreneur we usually think in a high profile company with a big building and a lot of employees; usually a company isn't that way, specially now that the new technologies let us be big without a lot of people. lifestyle business hacker helped me a lot.