The key to going from employee to entrepreneur is to know yourself, plan well and set realistic goals. 5 Innovations changing the future of food 30 under 30 2020. Creating a side hustle is a good way to get your foot in the door while. Making the transition from employee to entrepreneur can be extremely. Before you leave your nine-to-five, make sure you consider or do you hate your job and need a change? If you answered “yes” to the second question, starting a business might not be a solution, especially if hard work.
Here are 5 steps to make the Entrepreneurship successfully
1.Think like a business owner- The very ways of thinking that helped you succeed as an employee may trip you up as a business owner, because being your own boss requires a totally different mental attitude. Even if you're a sole proprietor or a freelancer, your first step is to start thinking of yourself as a business, not as an individual. You are someone who is dedicated to increasing the value and effectiveness of the company and delighting customers by creating more value for them in every way possible. Don't think of yourself as someone who has jobs and tasks to do.
2.Business funding- Ask yourself what you can do and get for free. Build up six months' worth of savings for expenses, ask your friends and family for extra funds and you can apply for a small business loan when you need extra cash. Look to small business grants and local funding opportunities. Find out about and woo potential angel investors.
Here are 5 ways to consider them as a guide while looking to fund your business
A.Bootstrapping. In the idea/experimental stage, use your own financial resources, such as money from a savings account or careful use of personal credit cards. ...
B.Friends and Family.
E.Bank Loan/Venture Capital.
3.Get used to more work and longer hours- If you're generating 100 percent of your income from your startup, it makes sense that you'd put more time into the business. On the other hand, if you're putting 40 hours per week into a different full-time position, you have fewer hours to spend on your business, especially if you want to avoid burnout.While many companies follow a standard 9-to-5, 40-hour workweek, entrepreneurs find themselves working at odd times of the day, many times more than 40 hours per week.
In the U.S., American entrepreneurs tend to spend a little more time at work and less time socializing or snoozing. The average working day for one of these entrepreneurs is a whopping 12 hours and 30 minutes, with only 5 hours and 12 minutes to spend on themselves
4. Social media- Social media gives you an opportunity to hear what your customers are saying. This makes it easier for entrepreneurs to keep their potential customers. This means, they can provide necessary solutions when a customer faces any difficulty. Social media also helps entrepreneurs know the wants of their customers.Social media platforms like Facebook and Twitter might be worthwhile for extending the reach of businesses and enhancing digital presence, but the evidence that they can be used directly to sell, grow and scale is limited.
However, business-focused site LinkedIn is different – it’s the world’s biggest networking site and if you observe the correct conversational conventions, it’s relatively simple to connect with stakeholders of different types who can help bring your business dreams to fruition.
Here are 5 ways to take advantage of social media for your business
A.Get The World Needs To Know You Exist.
B.Get Quick Feedback On Your Products & Services.
C.Monitor Leads & Potential Prospects.
D.Create Connections To Make A Huge Business Impact.
E.Find A Supportive Entrepreneurial Community.
“Take care of yourself: When you don’t sleep, eat crap, don’t exercise, and are living off adrenaline for too long, your performance suffers. Your decisions suffer. Your company suffers. Love those close to you: Failure of your company is not a failure in life. Failure in your relationship is.” ― Ev Williams, co-founder of Medium and Twitter”
Here are 6 ways to manage successful entrepreneurs' daily schedules
A.Define dedicated hours for all crucial things Including work, self and family.
B.Begin by setting goals for the day.
C.Cut out distractions.
D.Improve and evolve.
AUTHOR: RIZWAN KHAN
Hi, this is Rizwan Khan, Marketing Assistant who supports the entire Marketing department by completing a variety job.I had a spell no more striking than other people in my job description. I did all the things you weren't supposed to do. I had a motto: When in doubt, try it. Take a few minutes and drop me a message. I’d love to chat!
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