Whether you’re fed up with long commutes, crave more freedom or dream of following your passions, starting your own business could free you from the never-ending grind of the 9-5. While it isn’t an easy path to take, the potential rewards truly outweigh the consequences of never taking the risk. Not taking the leap will have you wondering ‘what if?’ for the rest of your life, so make sure you’re living without regrets by getting started today.
But starting a business can feel overwhelming and, if you don’t know where to start, you could set yourself up for failure before you even begin. Luckily, we have some top tips to help you begin your new venture the right way.
The internet is an amazing place, so make sure you use all the resources it has to offer. This could mean signing up for a business course or webinar, tuning into the sound advice podcast, or reading blog after blog. Whatever avenue you choose to consume your content, make sure you’re learning as much as you can from business experts. Most of these resources are free and can help you to avoid making too many mistakes at the beginning of your startup journey.
Have a Plan
Starting a business without a plan will make your life a lot more chaotic than it needs to be. Make sure you’ve chosen a niche, have clear goals about how you’re going to run your businesss, and what you expect to achieve by when. It’s rare for all of this to go to plan, but you need to have some direction to begin with. You might even end up with a completely different product after a year, but flailing too much at the beginning can mean you’re losing valuable time and resources.
Don’t Quit Your Job Just Yet
Even if you intend to leave your 9-5 behind in the next few years, don’t leave your job until you’re sure you can support yourself with your business. It can take time to make a profit, so don’t leave yourself in a bad financial situation because cut all your ties too soon. If your business idea will take up too much of your time to have a 9-5 at the same time, make sure you have lots of savings to see you through the harder months.
Ask for Help
Just because you’re leaving your current work community to go it alone doesn’t mean you have to isolate yourself completely. Make sure you’re getting the help you need when you need it while forming new networks and communities. While reaching out to family and friends is always an option, there are hundreds of online groups for budding entrepreneurs to connect with each other. These relationships could be beneficial not just on a social level but a professional one too. Going freelance or starting a small business might feel like you’re rejecting teamwork, but it’s all about finding the right kind of team to support you.