How can you become a self-employed entrepreneur?

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Answered by: Lynda, An Expert in the Entrepreneurial Lifestyle Category
Are you tired of spending the better part of your day working for someone else? Maybe you have outgrown your position, or you are looking to move to the next stage in life? Perhaps you want to do something that can provide for your needs, but rewards you more than the paycheck you receive. The truth is that many people consider being a self-employed entrepreneur after several years working a steady nine to five job. There is the desire to do something different, but understanding exactly how to do that is the challenge. Making this transition is necessary, and there are a few tips that will help you transition from the workforce to self-employment

     Decided what you want to do

The first step to gaining work freedom is to decide what you want to do. There are several things you can do to be self- employed. There are literally, thousands of options. You should start by listing your likes and dislikes. Having your own business will require a lot of time initially. It is therefore imperative for you to like what you are doing.

Once, you have found your area of interest then you need to decide if you want to work in a business setting or remotely. If you want to work in a business setting there are many things you can do from opening a store or restaurant, to running a service organization. If you want to work remotely, then you should consider freelance work. Content writing, web development, and real estate are a few good options.

     Develop a plan

Once you have decided what you want to do, develop a plan. Your plan should include when you would like to resign from your current position, a business plan, a time line, and a course of action that outlines how you will accomplish your goals.

Although it is tempting, do not skip this step. Many self-employed entrepreneurs will attest that a great business is proceeded by a great plan. Think of the plan as a forerunner to the development of a phenomenal business.

     Risk it all

After deciding what you want to do and developing your plan it is time to be that self-employed entrepreneur, it is time to make a move. Sometimes it is easier to have all your ducks in a row before taking the leap. However, often, there will be some risk involved when you start your own business. It is necessary to have a strong mind and be willing to risk it all.

Finding your place in the entrepreneurial industry requires risk. Now, that does not mean that you do anything without consideration of the consequences that may follow, but it means not to allow fear to stop you from moving forward.

Becoming a self-employed entrepreneur is a challenge, but it is a challenge worth taking. It starts with a decision, requires an actionable plan, and there will be risks to consider. However, the rewards of being a business owner far outweighs being employed.

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