How to go from employee to entrepreneur in five steps
Feeling exhausted keeping your boss happy? Dream of working for yourself. Maybe it’s time to take charge and become your own boss.
If you’ve been thinking about leaving your job to start your own business but feel unsure about where to begin, this article is here to help. Our step-by-step guide on moving from employee to entrepreneur is designed with you in mind. Whether you’re ready to take that first leap, have second thoughts, or consider a different direction altogether, the choice is yours.
If you decide to make the shift from employee to entrepreneur, this guide will give you a clear understanding of what to expect and what steps to take in your new role.
How to go from employee to entrepreneur in five steps
Becoming an entrepreneur doesn’t happen overnight; it’s a journey that unfolds gradually, much like the hero’s quest. Imagine starting out as a curious and eager learner, evolving into a knowledgeable and authoritative woman warrior.
Here’s a secret: Every successful entrepreneur goes through different stages along the way. Don’t be afraid to make mistakes or appear inexperienced; it’s all part of the natural process. As you progress, your mindset and entrepreneurial path will undergo a transformation. The key is to stay the course and embrace each step of your journey.
The journey from employee to entrepreneur involves seven critical steps. These steps serve as a guide to help you make the transition and pave the way for your success as an entrepreneur.
Sept 1: Think like an entrepreneur
Did you know that thinking like an entrepreneur is different from thinking like an employee? If you’re thinking about starting your own business, it’s time to change your mindset.
Entrepreneurs focus on finding opportunities, making money, and coming up with creative ideas. Challenges are seen as chances to break through obstacles. Entrepreneurs might feel scared, but they’re good at assessing risks and taking action.
They’re open to learning from others, flexible, and visionary. They see opportunities instead of roadblocks and care about what society needs. Remember the movie “Joy”? The main character didn’t rush into conflicts but listened and learned from others.
For entrepreneurs, it’s essential to manage pride and emotions and be practical. Learning to take a step back and observe without personal bias (it’s like becoming a neutral observer, using NLP language) is helpful. The key is putting clients’ needs first, not just personal desires.
Step 2: Find your niche
Picking what you want to do can be tough, especially if you haven’t figured it out yet. It’s great if you already know your passion and the area for your business. But what if you have lots of things you love, and it’s tricky to pick just one? We think the challenge isn’t about choosing one thing; it’s about letting go of the others.
Letting go feels a bit like a small loss. Since our passions reflect who we are, it’s normal to hesitate about giving them up, even if it’s for another interest. But, you still need to choose a focus. If you’re looking for a step-by-step guide, sorry, you won’t find it here. However, here’s what we can share about it.
Take some time to get to know yourself
Disconnect from your smartphone, headphones, and podcasts. Listen to your inner thoughts and ask your subconscious for a hint or a sign. Your subconscious is a powerful force; all it needs is an opportunity to speak.
Make a list of goals that matter to you and match your values
It’s crucial for understanding yourself better. Consider this: you might want to be famous, but your real values are about safety and peace. Or, maybe you’re following social media trends and liking things that aren’t really your interests. For instance, you might think you like IT copywriting when you’re really passionate about working with kids or racing sports cars.
At the start of your journey, make sure your desires match your values. A certified motivational coach can help you figure this out and get you to your goals faster, so consider giving it a try.
Pay attention to what people often ask you about
You may be a long-time accountant or copywriter, but if people come to you for advice on detective shows, abs exercises, apple pie recipes, or photography tips, that’s something to keep an eye on. Sometimes the skills we’ve developed don’t match what the world around us needs.
Look closely at what people want from you – check out the comments on your posts and see what people value about what you share. It can give you insight into what others are interested in.
Step 3: Get ready with your business plan
When it comes to crafting your business plan, it’s a bit more on the serious side compared to the creative aspects. Don’t hesitate to get some help – it’s a smart move. Consider reaching out to experienced entrepreneurs for support or invest in a ready-made business plan tailored to your niche.
Your plan needs to be specific, outlining your objectives, actions, and the resources you’ll need. Include clear metrics, costs, operational processes, and analyses of the market and competitors. Keeping your plan realistic is key, although it will take some effort to reflect actual market conditions. However, with the guidance of experienced professionals, you can tackle this without stress.
Step 4: Cultivate and enhance your entrepreneurial skills
The transition from employee to entrepreneur isn’t a step-by-step process; often, you’ll be handling multiple tasks simultaneously. Therefore, developing business skills is a crucial aspect of your entrepreneurial journey. We’ve discussed the need to shift your mindset, but it’s equally important to master specific skills that are essential for entrepreneurs.
Talk so that you can be heard
Can you convince others when you speak? If not, it’s time to learn. It’s not just about talking in public; it’s about choosing the right words and how you come across. Understand how people think, and you’ll build better relationships.
Find out how to manage money
If handling money feels hard, get some help. Ask someone you trust, like your husband or sister, to take care of it. Or, hire an accountant. Take a simple money course to stay in control and ease any worries.
Learn how to build your personal brand
Crafting your personal brand is like shaping how people see you. People follow those who are strong, charismatic, and confident. Agree? Even if you don’t feel that way right now, start creating that image for yourself. Imagine how a more confident and courageous person would behave, and mimic that. If you’re consistent, your brain will start to believe that you think and act differently, and you’ll change.
Try out new behaviors every day. The simplest way to build the image you want is through social media. Start with posts and stories where you showcase the traits of the person you want to become. People will believe it, and the cool part is that your brain will too, helping you become the person you aspire to be.
Step 5: Start small – no rush, just progress
We’re not sure what kind of business you’re thinking of starting. Maybe you’re diving in headfirst, setting up a company with employees and a sales department right away. If that’s the case, you’ll need to learn how to build a CRM, optimize customer management, boost sales, and develop customer service.
But let’s say, for now, you’re starting small as you transition from being an employee to an entrepreneur. Starting small is a smart move. Another important factor is how committed you’ll be to your venture. The key to many entrepreneurs’ success is that these women:
- Trust themselves and don’t always take advice. They know what’s best, relying on their gut feelings and confidence.
- Stick to what they’re doing, staying on track for a long time.
- Run their business on multiple platforms because each has a different audience. For a startup, it’s important to be on popular social networks, have a website with SEO, run ads, do PR for the project, publish in relevant media, and work with influencers and partners. Where will you start? Maybe learn SEO for your site, or get help from specialists. Your choice. Just know, these tasks are doable.
Ready to unlock your potential?
Now that you’ve seen how to go from working for someone to running your own show, it doesn’t seem that hard, right? You can start by thinking about the final goal. No need to wait – you can begin a website or a social media blog today. Just pick the format that suits you best. If you like videos, go for YouTube or other video platforms. If you enjoy writing, focus on a website, newsletter, or even Instagram. It’s all about what feels right for you.
Now, here’s something important that maybe we should have mentioned earlier: You don’t have to leave your job to become an entrepreneur. You can dip your toes in the water first and only quit when things are going well. How to get there? Simple. Got access to social media? Start writing or making short expert videos – even quick notes work.
The key is consistency, so your audience gets used to your new focus. Or maybe your workplace could host a talk on a topic you’re into? Give it a try, see how people respond, and whether you know enough about the topic to go solo.
Turning from an employee into an entrepreneur can be smooth and less stressful. The key is to know your destination, what you’re willing to do daily, and where you want to head. Best of luck to you!