Hello SOTGC community,
Very few people wake up one day and quit their job and start up their first company with no preparation. Think of starting your first business like running your first marathon. You wouldn’t just go out and run the marathon on race day, would you? No.
You are practical and strategic. You would plan, train, mentally prepare. You would choose a training plan that fits your level of fitness and accommodates your lifestyle. You would execute on that plan by scheduling each workout, rest day, and nutrition. You would surround yourself with runners with different levels of experience. You want to hear lessons learned from experienced runners, to feel bolstered from runners similar to you and you want to encourage those who need your help too!
Moving from employee to entrepreneur is similar to running your first marathon. Start by:
- understanding the process required to reach your goal
- working backwards from your goal, devise a plan to get you closer to it
- break down your plan into practical steps
- start executing on that plan
Oh how I wish it really was that easy. Of course it’s far more complicated.
In order to make your move from employee to entrepreneur, you need contingency plans, know when to pivot, and have the resources (time, money, support) to make a serious go at it. What if your new product idea isn’t so great after all? Or your website costs 3 times what you budgeted? Should you incorporate as an LLC, S-Corp or C-Corp? What is an LLC anyways?
Entrepreneurship is a steady fire hose of tough decision making, regardless if it is your first startup or your 5th.
I want to be your trainer and your running partner. I want to give you the knowledge you need to start your amazing entrepreneurial journey. Here’s what you can expect from my upcoming SOTGC blog posts:
- Inventory Your Entrepreneurial Skill Set
Inventory your skills and experiences to identify what you already know and already have that can be transferred to entrepreneurship.
Assess your skills, experiences, network and even your personal story to leverage your strengths and point out gaps needed to be filled.
- Prepare Yourself, Your Family and Your Boss
Prepare yourself for entrepreneurship by laying out a plan with milestones and timelines – hold yourself accountable to realistic and measurable goals.
Prepare your family and boss: Talk to your family early in the process and include them in the journey. And yes, depending on your situation, you may want to have a chat with your boss.
- Turn Your Great Idea Into A Real Business
Patti Fletcher, CEO of PSDNetwork, will walk you through the lifecycle of a startup. Every startup, whether founded by a man or a woman, must achieve certain milestones. Using real examples, lessons learned and stories from the trenches, Patti will prepare you for the many tough decisions coming your way as an entrepreneur.
Yes, moving from employee to entrepreneur is going to be hard. Not because you are a woman, an executive, a mother, a wife, a caretaker, a home manager. But because it is a hard – for everyone, man or woman.
You don’t have to do it all at once, and you don’t have to go it alone. SOTGC and PSDNetwork are running right alongside you.
Photo credit: www.moneynewsnow.com