Being your own boss, at first glance looks pretty dreamy. If you read our article on how to determine if starting a business is for you, then you might already know what you want to do. We’re definitely all for Career Girl’s starting their own businesses, but it can take extraordinary amounts of hard work and dedication. Do you think you’re ready to start your own business? Here are 5 steps you need to take before you know you’ll succeed.
Step 1: Get disciplined
Becoming your own boss means you have to learn the art of self-discipline. That means whilst you can be in charge of your own work routine, you must have a firm work schedule. No two-hour online shopping breaks, at least not yet! Although starting your own business can lead to flexibility, in the early days you need to be prepared to work hard and stick to a plan. Read our article on starting a business from your bedroom if you need some inspiration.
Step 2: Get motivated
Initially, your business idea makes you super excited and is enough motivation in itself to keep going, but after a while, your motivation might wear off. In an office environment, it’s easier to motivate yourself, after all, you might find your boss having a stern word with you if you sit doing nothing all afternoon. When you’re your own boss it’s just you. You have to be your own motivator, which can be challenging if you find yourself easily distracted!
Step 3: Find out if your business is your full-time or part-time occupation
It’s entirely possible to start a business on the sidelines, in fact, a lot of people manage their successful businesses alongside their 9-to-5. But there may come a time when your business takes too much of your time, and you know you can sustain yourself on it alone. It might be scary, to be in charge of your own income, and working for yourself quite often demands much longer working hours than the usual eight. So you need to decide what your long term plan is.
Step 4: Get money smart
Being your own boss is extremely appealing in so many ways, however you should definitely consider if you’re ready to give up the security of a monthly wage. If you can, try and save up some extra cash before you make the jump, just so you have something to fall back on. Read our article on how to make the most of your money with the 50-20-30 rule.
Step 5: See the bigger picture
To be your own boss, you need to have a positive mind set and be able to set realistic objectives that will eventually leave to the bigger objective, which is ultimately, your own success and growth of your business. We recommend creating a vision board, click here to find out why.
by Tilly-Jayne Kidman
Photographed by Camille Valbusa.
Location: Hoxton Holborn London