5 Tips When Transitioning From Being An Employee To An Entrepreneur

In life, we always have choices. Most of the time, these choices are easy to make because we know what we want. If your choice only depends on which one you want, then it easy to decide.

But if you will be compromising one thing when you choose the other, then that’s when choosing becomes difficult. An example of this is the choice between being an employee and being a full-time entrepreneur.

Transition 1
PHOTO CREDIT: Pixabay

Here are some guides in helping you choose between the two.

1. Determine what you want

First of all, you have to know what you want. If you are deciding to quit your corporate career, you have to make sure that what you are getting yourself into is something you really want. You have to remember that your choice should be realistic and practical for you.

See: 23 Business Ideas in the Philippines for 2018

2. Lay out your plan

Once you have chosen entrepreneurship, you have to plan out everything from the start. You have to have plan A, B, and even C in every step. This will ensure that your transition to entrepreneurship after leaving you employee life, will be as smooth as possible.

See: 10 Things You Should Do Before Leaving Your Job and Launching Your Own Business

3. Determine your target market

Who will your target be? Determining who to target will give you a clearer view on how to carefully pave your way to your plans. Focus on how you can help your target market, make sure you know what their problems are, and how you can help them.

See: Top 5 Ways to Target the Right Customers for Your Business

4. Start small

When you take your first step, remember not to aim for the big sales or big moves right away. Doing so may hurt you if you’re not able to reach your aim. Take everything one step at a time, aim for progress. It is not important if you become big right away, what’s more important is that you are improving.

See: 5 Tips To Succeed As A Filipino Entrepreneur

5. Adapt and cope

When you are already there, it’s not all enjoying and relaxing. As they say, entrepreneurship is a 24/7 job. You can’t expect your startup to prosper with you just relaxing and living the big life right away. Adapt to the new lifestyle and cope up with the new schedule.

See: The Guidelines for Success in Business