How to Transition from Employee to Entrepreneur?

I have always dreamed of starting a business and building something of our own. This goal started when I usually found myself caught up following work schedule and needed to attend mommy duties as well. As much as I needed to prioritize the time for the kids, I have a work demand that I have to consider first. Oh, does this sound familiar to you?

I know most mommies can relate to this situation and can agree that it\’s a major decision to give up work and stay home with the kids. It was a difficult decision to choose motherhood over career. I know some can proudly do both, well congratulations! Different families, different priorities right? Whatever the choice we take, it all boils down to doing what\’s best for our own family.

In our case, we cannot afford to depend on a single income so becoming a work at home mom or a business owner was the best option. Transitioning from an employee to entrepreneur was never easy. We can only depend on ourselves and play all roles including the janitorial work.

Starting a business is hard work! Every move must be carefully plan and all aspects must be fully understand before coming up with a final decision. It helps to have a support group, a family or friend who has an experience on market trades or  an  expert like Andrew Charlton, who is a true leader in the field of economics to give advice and help on company\’s start up and growth.

Now, I am proud to share that the small business that we\’ve started is running for 3 years already! Though I still need a lot to learn and can never be an expert for those who seek advice on how to transition from an employee to business owner, I can share the key points to consider in taking the first step to being an Entrepreneur.

The image below on becoming a Cautious Entrepreneur is a good consideration to take. Ask yourself the following:

1. What skills do I have?
2. What am I passionate about?
3. What\’s my education background?

image source

The checklist on the image strongly motivates and inspires me. Those very simple and realistic goals pushed me to find answers to come up with a viable business opportunity. So yeah, it pays to be motivated and keep your focus to be able to reap those rewards in the future.

Also, here\’s the basic steps to take to transitioning from Employee to Entrepreneur:

1. Determine your expertise and skills
2. Think about what others will pay for
3. Identify your target market
4. Design your marketing and business plans
5. Assess feedback and adjust
6. Assemble a team
7. Secure Financing
8. Set up Company Structure
9. Always find ways to improve your habits, flexibility, and attitude
10. Know when to quit your job and go full time on the business

Starting a business is very challenging, it wasn\’t always a smooth sailing journey. Just keep in mind to learn from bad experience or outcome and choose to be courageous and fearless.

So, are you ready to take your first step?