From nine-to-five grind to entrepreneur

Credit: Forbes Magazine

Do You Have What it Takes to be an Entrepreneur?

Are you sick and tired of the nine-to-five grind? Are you tired of living from paycheck to paycheck? Well, you are not alone. A lot of us want to be financially free.

However, you cannot achieve it if you remain to be an employee for the rest of your life. Your dream could be realized if you open your own business, much like owning and operating a garage door company like, or a professional moving company, or simply leveraging your time and starting your own digital marketing agency.  The options for becoming an entrepreneur are endless, however the path to success is narrow.

Opening a business is easier said than done. If you want to transition from being an employee to a business owner, there are things you should keep in mind. These are the following:

Have a Clear Goal

Deciding to become a business owner is not just a decision. It starts with self-assessment. What kind of business you want to run? Do you want to grow from the business from the ground up? Do you want to buy a franchise? Is your current lifestyle suitable for your prospect business? Are you willing to change your lifestyle for the sake of your business? Do you have enough capital, to begin with? Most importantly, are you wiling to give all the time and attention your business needs?

Do Your Research

It is easy to make impulsive decisions and it only takes one wrong decision to ruin your business. Hence, it is important to conduct thorough research. By doing so, you will be able to come up with an informed decision. Know what type of business is appealing to the market. Study everything, especially marketing, logistics, and the accounting aspect of business.

Have a Business Plan

The business plan is the blueprint of your business. It serves as the compass of business for without it, your business will surely go down the drain. A solid business plan is the roadmap to success.  

Learn From the Mistakes of Others

If you are the type of person who thinks he knows it all, then you should not start a business. Having that kind of mentality will get you nowhere. You would need the help of others, especially the help of people who have run a successful business. Don’t you know that even the most successful businessmen made some mistakes too? Talk to them. Reach out to them. You can surely learn from their mistakes; plus, you will learn business tactics that have been tested and proven effective.

Hire a Mentor

If you don’t have any experience running a business, you would need the help of an expert. It is best to hire a business mentor; someone you can go to when you need guidance and advice.

Lastly, don’t expect the transition from 9-5 day job to aspiring entrepreneur to be an easy one.  As an entrepreneur, your success relies solely on the input of a combination of your work ethic, attitude, perseverance, self-belief, and your undying will to motivate, and stay motivated to accomplish your goals. Entrepreneurship isn’t for everyone, and it’s certainly not for people who give up easily on their dreams.  You will fail 1ox more than you will succeed, but it’s the question of whether or not you will keep pushing when you feel like quitting.