Home Off Beat Decoding the Process of becoming your own boss

Decoding the Process of becoming your own boss

by DrPrem Jagyasi
becoming your own boss

With the rapid rate of advances in technology, we no longer have to settle for the traditional career standard of a “normal” 8-5 job with the hopes of staying with the same employer until retirement. There are countless ways to make a liveable income working for yourself. You don’t have to spend your career answering to others or building someone else’s dream. All you need to do is find what you are passionate about and take a leap a faith. Below are a few business planning steps to think about once you have figured out your true calling.

Business plan

plan

So, you’ve figured out what you are passionate about that can also produce an income. Now what? It’s time to sit down and put pen to paper or fingers to laptop and organize all of your thoughts and ideas into a formal business plan. A business plan will allow you to truly analyze what your goals are and how you want to achieve those goals. You’ll figure out what your target market is, who your competition will be and how you will differentiate your business. A business plan forces you to take your pipe dream and make it into an action plan.

Partners

Partners

If your business is centered around a product or line of products as opposed to service provision, you can explore the world of manufacturing. You will need to decide if you need a high volume of products or if your product will be changing with its customers. This will help you determine if you need to outsource your manufacturing overseas. There are all kinds of different manufacturing partners in industries like cosmetics to clothing and beyond. 

Tech Tools

Tech Tools

To get your business up and running, you will need to utilize technology to make your life a lot easier. Since you will be wearing many different responsibility hats, it’s important you stay organized and in constant contact with your team. You can find a variety of affordable collaboration tools online, as well as marketing, financial and production tools. You aren’t the first person to start a business from scratch. The internet provides a limitless amount of resources to teach you how to make your business a success. There’s no need to reinvent the wheel. Leverage the convenience of technology and take advantage of experts from all around the world. 

Market yourself

Market yourself

Once you are ready to launch your business, you have to market your products and services. There are many low-cost marketing tools available, including social media and website templates. You don’t have to be a tech guru to use these tools either. You just need to create engaging content that will keep customers coming back for more. Do some research on your competition and see how they are attracting customers. Maybe they are enlisting product reviewers to create video reviews or how-to’s for their products. Maybe they attend trade shows to get in front of potential customers. Maybe they are utilizing email marketing campaigns to consistently get their message to their customers. You should try out a variety of mediums to reach your customer. Once you find what fits, focus energy and funds on that avenue to build your base.

Starting a business, whether it is big or small, requires hard work, dedication and a bit of luck. Reach out to friends, family and acquaintances for encouragement and expertise. You never know who might be willing to invest in your business, whether it be funds or as an extra pair hands or as a mentor. You have the guts and the drive to become your own boss. Now go out and do it!

Article Submitted By Community Writer