How to Become an Entrepreneur: Embracing the Change from Corporate Life
Moving from a corporate career to being an entrepreneur can be thrilling!
It gets you away from the rat race...
It gives you the ability to define your own terms for success....
More likely than not, existing as an entrepreneur also gives you the opportunity to work with something you truly love!
There are so many great benefits to being an entrepreneur... BUT, at the same time, there are also some challenges. You can overcome these challenges, to be sure, but when it comes to embracing the change, you’re going to want to keep a few things in mind...
How To Embrace The Life Of An Entrepreneur
Moving from the corporate life to the entrepreneur life can be a lot of fun! It can also give you a challenging period of transition. I want to share a few things you can keep in mind to (hopefully) make your transition as stress-free as possible (they certainly helped me!):
- Face Your Fears: When it comes to quitting the corporate world, to become an entrepreneur, what are you honestly the most afraid of? What would you consider the absolute worst-case scenario? Take your mind through this possibility step-by-step. As you move through the particulars, you’re going to begin to realize that the worst-case scenario isn’t so bad after all... and even if it's not pleasant, it's most likely a short term situation. Work to find a mental space (and maybe some support systems) to make your fear of this "worst case" palatable! Which brings me to my next tip...
- Establish Your Support Network: Even if you’re planning to “go it alone”, it’s important to keep in mind that you aren’t really alone. Establish a support network of contacts before you decide to leave the corporate world behind. (If you've already left - no worries - time to re-ignite some of those relationships!) Former coworkers, friends, or mentors are all possibilities for building this network.
- Consider Outsourcing: One way to make adaptation easier is to know what you’re going to do, what you want to do, and the things you would prefer to outsource. Remember outsourcing is far more affordable than you probably think. Keep in mind that you can outsource just about anything (e.g., writing press releases and social posts, customer service, sales tracking).
- Make a Nest Egg: Chances are you’re going to need a little money to get through the transition process. To be sure, having a solid nest egg is a great way to relieve some of the stress that can come from making the switch! It's also totally fine to keep a side hustle or consulting gig on the side while you build up to the ultimate execution of your business plan! This is what Amy Porterfield calls the Phase 1/Phase 2 business building approach, and I'm a big fan this!
- Value Patience: Becoming a successful entrepreneur can happen quickly, or it can wind up taking a great deal of time. Regardless, remember to value patience every single step of the way.
I hope that these tips make the process easier for you... Share your success stories in the comments!
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