Becoming an entrepreneur is simple, right? All you have to do is start a business!
But for many budding business owners, taking the leap from employee to entrepreneur can be pretty freakin’ intimidating. I get it. Starting a business is a big deal — and even more so because so many start-ups never make it out of the blocks. In fact, they fail.
Creating a business that not only survives, but thrives, takes a combination of preparation, mindset, skill, and sometimes a little luck. The good news is you can transition from employee to entrepreneur if you change the way you think. If you’re ready to become an entrepreneur, I’ve got three tips to help you succeed.
In the video above, I outline my top three tips for starting a business before leaving your current job. This advice is based on my own experiences… on decades of being in business… on struggling for 12 long years — and it could save you a LOT of valuable time and money in the long run.
1. Make Sure You Have Money Coming in
One of the things that really bothers me is when people drop their current income to zero in order to start something new. I’m not just talking about a job here — I mean income.
Regardless of who you are — when you’re starting out in business, you must take care of cash flow. There is no point in jumping in and running hard, only to find out you’ve run out of cash after just two months.
Instead, it’s super important to make sure you have money coming in, so you can give your business the chance it deserves.
2. Start Your Business Part-Time
Whether you’re in a business that isn’t doing well and you want to start a new one… OR if you have a job and you want to start a business that you think you’ll love… I recommend you take this route:
Keep your current situation and start your new business part-time until it’s stable enough for you to fully transition.
The truth is, when you first start your own business, you will have to work your freakin’ buns off. And it may mean that you have to work your 9-to-5 job and go after your dream from 6 to 10. You do whatever it takes. That’s how it works.
3. Get Hands-On Experience in Your Field
This tip is a big one, so pay close attention.
If your new business is similar to what you’re already doing, then you’ve got a nice head start! But if you want to jump into something that’s different than your current role, what should you do? You need to get hands-on experience!
If you’re serious about having your own business, be prepared to do the work, be humble enough to admit you don’t know everything, and learn everything you can about how to do the job.
Friends, I can assure you that if you follow these guidelines, your chances of business success will increase.
But if you want to dramatically increase your chances of success even before you’ve begun your new business or left your current job, join me in my free signature web class called:
Zero to MultiMillionaire
“The Ultimate Business Success Formula”
In the class, I’ll teach 6 proven principles to go from broke to rich, and I am confident these methods can help you and your business succeed.
In this class, you’ll learn:
- The unique character traits that 90% of ALL self-made millionaires have in common, and how you can have them, too
- How to identify and eliminate the things you might be doing that are preventing you from succeeding
- Specific business strategies that will actually produce real wealth in your life
- And much, much more!
Just click here to select a time and date that works for you!
What tips do you have that have helped you become successful in your business? Share in the comments below!