The reality of transitioning from the 9 to 5 world to entrepreneurship.
Many of us have had “that” moment at work when we decided enough is enough! We were either:
- fed up with what was happening in the office,
- tired of operating on someone else’s schedule
- over the pointless and inefficient team meeting
- sick of missing time with family and/or friends
- or ready to pursue the passion inside us
The point is, somewhere in that gray space we decide to make the proverbial “jump”. We decide to leave the 9 to 5 world to explore entrepreneurship.
This is a decision that doesn’t come without its complications. How does one make their vision a reality? Many of us don’t know. In fact, many do not realize we don’t know until we’re up to our necks in entrepreneurship “stuff”. You know the “stuff” like balancing work and life, income and expenses, endless decision, products & services, general concerns and more. It’s a lot to manage!
It’s like parenting. Before you, actually, become pregnant or have the baby it seems like it will be pretty intuitive. Then you get pregnant or have the baby and the gravity of what you’re embarking on hits you like a ton of bricks. WHO’s going to feed the baby, they won’t sleep when I want them too, I’m tired, they’re crying, I can’t change another diaper, oops I’m out of diapers…the noise soon drowns out your sensible thoughts. Entrepreneurship is simmer, especially when you first start your business.
In this moment you think about all the things you could’ve done differently before you left your 9 to 5. You could’ve worked a little longer, save more money, written a business plan, started to develop the business while you were still at work, and so much more.
However, you made that decision and you took that leap and now you’re figuring it out. You want to do a few things immediately:
- Understand your motivation for being entrepreneur in the first place. Basically, know what your WHY is. Everyone is going to ask you why you made your decision and you need to be ready to answer the question.
- Know your numbers.
- What is your budget?
- Where is the money coming from?
- Who is going to manage income and expenses?
- Develop a company structure
- Design or have someone design an effective marketing plan. Not advertising. They are different.
- Build a great team as quickly as possible.
There is more to it than what is listed above, but it’s a start.
If you haven’t left the job yet, but you are thinking about it. Use your steady income to your advantage. Hire a business advisor to help you build out your thought. That way to start with a tested plan in hand, instead of jumping and figuring it out. Bold Vision Enterprise specializes in working with new entrepreneurs. Schedule a free 15-minute consultation with us today to see what we can do for you.
Let our knowledge and experience be your head start!
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Business Growth Strategist, Clarity Expert, Retired Stockbroker, Speaker, Pitch Judge, VC, Stock Investor, Board Member, Owner of Bold Vision, Co-Founder of Investing Education Academy (IEA), Start-up Consultant, member of Alpha Phi Alpha Fraternity Inc.
