Employee to Entrepreneur: Making the Transition

How To Switch From An Employee To An Entrepreneur Mindset

Being an entrepreneur is an exciting and rewarding undertaking and, if you’re motivated by the thought of being your own boss, don’t be put off by the changes you’ll need to make to become a success. Not having one boss can mean you now have many, when you’re answering to your customers, your bank manager and the large number of people who are going to be looking to you for answers.

Being an entrepreneur isn’t the same as being an employee – no matter how high up the career ladder you’ve climbed. But the freedom you get as an entrepreneur means that you can develop your business, and run your life, in the way you think is best.

Read more about making the transition from employee to entrepreneur easier HERE.

From Employee to Entrepreneur: Seven Success Tips for New Business Owners

After you’ve been employed for a few years, you probably have job security, a regular income, benefits, and a bright future. Even so, you may want more out of life, and starting your own business may be the way to get it. However, moving from employee to entrepreneur requires planning, a clear understanding of your career objectives, and confidence that you can do the job as an independent business owner.

Read about some suggestions for creating a smooth transition from employee to entrepreneur, increasing your chances for the success of your new company HERE.

Making The Transition From Employee To Business Owner

Does your passion lie in working in the corporate world for the rest of your life, or are you ready to venture out in an entrepreneurship role?

Transitioning from employee to business owner is as exciting as it is difficult. You have spent your career in a corporate job that gives you income and stability, or at least perceived stability. But it also means you’re going to spend your life building somebody else’s dream. Every day that passes is another day that you have not created something for yourself.

Working as an employee comes with risks, no matter how good and/or loyal you are, that you cannot control. For example, the company could go through a merger or get bought out, downsize or go out of business. There could be a change in management or in the direction of the company that results in an elimination of your position, division etc, and so on.

Read more about making the transition from employee to entrepreneur HERE.

The Ten Most Common Types of Entrepreneurship

While the basic principles of entrepreneurship are the same—planning, starting and operating a business—the distinct nuances and skills needed vary depending on the type of business you plan to start. Becoming an entrepreneur requires the ability to define these differences and pinpoint the unique elements that are needed.

Traditionally, entrepreneurship is categorized into four main types: small businesses, scalable startups, large companies and social entrepreneurs. These models cover the fundamentals of starting a business and focus more on the company itself, rather than the qualities of the entrepreneur.

“However, just as the world continues to change, so do businesses. This means new opportunities for risk-taking and innovative game changers to pave the way in diverse entrepreneurial ways.”

With this in mind, even though there are quite a few similarities when it comes to the challenges that all business owners will face, there are certain types of entrepreneurship defined by the skills, characteristics, and personality traits of the entrepreneur. At the end of the day, it is the way you choose to run your business that makes them differ from one another.

Read more about the various types of entrepreneurship HERE.

Check HERE for books about entrepreneurship. 

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