Are You Ready to Become an Entrepreneur?

How to Survive the Jump from Employee to Business Owner

Stacy at a recent Dani Johnson training

In today’s market, it takes more than a great business idea and the right connections to make a company and owner successful. Although both of these elements are vitally important, making the shift from a full time employee to a full time business owner requires a specific mindset that many hopeful entrepreneurs overlook. The truth is that some of the work habits that great employees have strived so hard to hone are completely useless and even damaging when it comes to owning your own business. In order to make sure your business is successful, it is important to make the mental shift from employee to entrepreneur to help avoid being one of the many businesses that fail before their fifth year.

Be Prepared and Embrace Working Long Hours

When people think about leaving the 9 to 5 world and going into business themselves, one of the biggest draws is setting their own schedule. Although this may be possible for some very successful entrepreneurs, very few businesses start out this way and allow owners the luxury of only working when they want to. The typical business owner usually finds that they actually work longer hours than they had in previous jobs and it is very easy for 9 to 5, five days a week to become 9 to midnight, six days a week. Although this may seem overwhelming, it is important to remember that this is the commitment that will be needed in order to make the business successful. When it put the time into perspective, that you are building your dream and not someone else’s, it may make the long hours more bearable.

Practice Saying ‘No’

One of the traits of a great employee is their ability to say “yes” and get things accomplished that they are asked to do. Saying “yes” meant that you were a team player, hard worker and reliable part of the business hence making you a great employee. When it comes to being a business owner, however, the word “yes” can be one of your biggest enemies. The fast-paced and jam-packed schedule of an entrepreneur leaves little time to complete any additional tasks or for someone to say “yes” to everything they are asked to do. It is also important to remember that as a business owner, you should be setting the agenda and making sure to keep the focus on the items that are most important to the company’s success. Saying “no” should become a normalcy for everything but the most important tasks.

Leave Perfection in the Dust

When you were an employee and had a boss, it would not be uncommon to be asked to make a presentation, report or other business item as perfect as humanly possible. There would be an endless cycle of revisions and changes until the material looked exactly the way it needed to. When you become an entrepreneur, there usually is not enough time or resources to facilitate this kind of editing, reworking, and perfecting. In the new business, things just need to get done as quickly, efficiently, and as correctly as possible. Perfection is sometimes the enemy to success, and in the case of a new entrepreneurial venture, this can more often than not be the reason that new businesses fail.  

If you are ready to create the financial freedom you want and deserve, give Stacy O'Quinn a call. Stacy used a unique opportunity while implementing Dani Johnson training techniques to create a six figure income and he can help you do the same. For more information about Stacy and his opportunity, click here.