6 Successfully Shifting from Employee to Business Owner-Part 2

Mar 04, 2015 By Levi Hatch In Business No Comment Tags : , , ,

Hopefully you have read our blog titled “6 Tips for Successfully Shifting from Employee to Business Owner – Part 1.” Below are three more additional tips for you to consider:

  • Prepare for some isolation. When you are working as an employee, you have a social relationship with other employees. Whether it consists of gossiping about your manager or going to lunch with each other, it can be shocking when your social interaction with others diminishes once you become the boss. It is important to fight social isolation by keeping in touch with former colleagues, attend networking events and make other efforts to interact with others.
  • Establish a schedule. If your start-up company depends solely on your efforts, it is important to establish a schedule and stick to it. It is important to be disciplined and hold yourself accountable for meeting deadlines. This doesn’t mean that you can’t enjoy one of the primary perks of running your own business – having flexibility in your schedule – but you want to make sure you are productive.
  • Save for a rainy day. One of the most important factors in the success of a new business is having adequate funding. Leaving your dependable salary behind can be difficult, so it is essential that you plan ahead and save three to six months’ worth of expenses before you leave your job. Having a safety net will permit you to focus on growing your new business without worrying about how you will pay the bills.

If you have questions about how to establish a start-up company or how we can assist your business, contact us to schedule an initial consultation.

At Nielsen Law Group, we will not only help determine what is the best structure for your business, but will also aid with the additional details that will foster a strong foundation and get you started on the road to success. Whether you need assistance in forming your new business entity or establishing a more sophisticated corporation or non-profit organization we will be able to guide you the entire way. You can schedule your initial consultation by calling (480) 888-7111 or submitting a web request here.