If you feel sick and tired in your day job and you’ve been thinking about starting your own business since you were a baby, then this could be the right moment to start your entrepreneurial life.
We all know how hard looking for a job might be, and moving from a regular 9-to-5 to self-employment might be even harder.
However, there is no better way to grow personally and professionally than starting your own business, and – thanks to the endless opportunities offered by the online world today – there is no better time in history to give it a try!
Here is my 5-step guide to getting rid of your soul-sucking 9-to-5 and finally become your own boss.
5 Things you need to do before you quit your job to do what you really want
1: Get a clear picture of yourself as a business owner
- Before you quit your job, you should first ask yourself the following questions: how do you want your life to look like in the next months and years? How do you want your typical working day to be? How many hours per week do you need to work to be able to support yourself and your family? How would you relax after work? Do you want, or need, to travel while you’re working remotely?
- You can either write your answers down or draw a vision board; in any case, your answers will help you build a clearer mind map to attract your upcoming business and lifestyle.
2. What is your business vision?
- After you clarify how you want your life to become, you’ll need to refine your business vision. What kind of business do you want to have? How clear are you about your business idea?
- Do you want a fully web-based business, or perhaps you see your business to be run entirely offline like, for example, an ice-cream shop? Or maybe you would like a mix of both? How much revenue would you like to generate in your first year of business? And in the next two or three? Be aware that you might well be getting less money in your first year of business than you used to earn in your regular job.
- This is why it is so important to test your idea first to get a clear picture of the industry, market and clients you want to be involved in within your business. You’ll absolutely need to figure out who your clients are going to be and where the money you need is going to come from; in other words, you’ll need to get crystal clear about every single inch of your life and business.
3. How will you bring your vision to life?
- Now that you got a clear vision of business and life, you can start your action plan to bring your vision to life.
Here are some options for you to consider:
● You won’t need to leave your job straight away if you are scared of the financial pressure. There are many business owners out there that are still employed and work on their businesses in the evenings and weekends.
● You might want to explore the possibility to negotiate a part-time contract with your current employer to take the time to focus on your business.
● If a part-time contract is not an option for your boss, you might consider to just quit and go elsewhere, if they can guarantee you a part-time job.
● If you have enough savings to support your business in the first months of years, you might consider this as an option to start with.
● Depending on your job and current company, you might perhaps be able to claim a sabbatical year, or so.
● You may look for sponsors, funding or grants. You’ll need to do your own research on that.
● Are there any other options you can consider?
Write your action plan down and take a small step every single day. As you wake up in the morning, ask yourself: what could I do today to get closer to my goal? This might be testing your business idea, making a call to a potential client, working on your website…..everyday effort is the key to success.
4. What kind of support will you need?
- If you feel there are areas where external support is needed, then ask for help. Whether this means getting an accountant or a lawyer on board, keeping abreast with your country of residence’s rules and policies or hiring a professional copywriter or career coach, just don’t go it alone.
Some business-related tasks are boring as hell, but they are a part of your business journey, and you are eventually going to learn something from completing them.
- Attending networking events and joining entrepreneurial groups will help you make new connections and feel less alone.
Working with a coach or being mentored by someone who is one step ahead of you is another solution to stop doubting yourself and keeping your motivation and energy levels high.
5. Always remember to have fun!
- Have fun and take care of yourself as you build your dream business. Don’t take yourself too seriously and don’t be too hard on yourself: starting a business is all about having fun and growing both personally and professionally.
Always remember to take care of yourself, trust yourself, your skills and your vision – and, of course, don’t forget to celebrate your successes!
★ If you liked this checklist, you may also enjoy the rest of our career tips!