Sometimes the hardest thing about starting a business is actually starting. So I urge you all to begin now. Follow your dream and invest in your life! Learn from this creative entrepreneur series and show us what you've got! Here are 5 simple steps you can take to get on the road to entrepreneurship:
1. Start with self-evaluation
You've got that itch to be your own boss, do what you love and truly live out your passion... but now ask yourself whether its feasible. Think of your family circumstances, finances, lifestyle and time. Its fun to take risks and jump on the business bandwagon but it sure is nice to know that you have a bit of money backing you up. If you don't, then give yourself more time to build up some savings. Once you start your business you won't be earning a steady income each month, so gather all the money you can save. Its important to feel comfortable financially when you embark on such a passionate, scary adventure.
2. Analyze the industry
You have an awesome business idea and enough savings behind you to take this thing full throttle. But before you go quitting your day job, take a look at the industry you'll be diving into. Who are your competitors? Who will buy your product or service? Is there room for another business like yours? You need to know what you're getting into and if its worth it before you make the jump.
3. Talk to an expert
Talk to an experienced expert in the industry you want to join, and throw your idea at them. Chances are that they have some pretty rad ideas to add to yours, and plenty of advice to give you. I offer one-on-one consultations for freelancers where we discuss their ideas, fears and struggles for 60 minutes and come up with solutions. Having a 60 minute discussion like this with someone in your niche will definitely help you move forward with your plans.
4. Name your business + create a plan
Choose a name for your business, one that reflects what its all about. While you're saving money and you're still at your day job, put a business plan together. A business plan will help you figure out how much money you need to get started, what your goals are and where you're headed. (We have an awesome business plan template in The Shelancers Club if you need one.)
5. Get organized
Before you officially start your business, its best to get as prepared as possible. Set up a workspace. Set up a business bank account. Buy equipment like printers and stationary. Be totally ready for the moment your life will change forever.
Trust me friends, preparation is key.