The pandemic has led people to reevaluate their job and career choice. With the high number of unemployment due to the pandemic, many people start to consider being the boss of their own business. According to survey, millions of people quit their job following the situation of the pandemic. Being a business owner is not a crazy idea. In fact, it is possible to achieve as long as you know what to do.
How to transition yourself from being employee to business owner
There are many challenges when it comes to running your own business. Aside from that, you will also face with another challenge regarding to the transition of being an employee to business owner. One of the most challenging parts is changing the mindset. A mindset of employee is different from business owner’s and it affects how you work.
The motivation to be a business owner
You might want to find the right motivation to be a business owner. If you think it is the only way for you to get rich faster then you need to rethink your motivation. Also, keep in mind that with all new path of career you are going to go through, you could feel overwhelmed. There might be times when you feel like it’s better to stay as employee due to the challenges you are facing. With the right motivation, you will be more driven to reach your success and won’t get easily swayed by the winds. Only you who can decide what motivates you to transition into entrepreneurial world.
Think about the purpose of your business
You might have come with some realization that being an employee for a corporation is no longer satisfying for you. There might be several reasons for that. It’s probably because you feel like you are walking with no real purpose in life. This is a valid reason because with your own business, you might get more opportunity to reach the purpose you aim.
However, it means that you need to think about your business’s purpose deeper. Make sure that it is beyond making quick money or setting your own schedule. Those are considered superficial purpose. And you need purpose that sustains your business in long term. Find more profound purpose and reflect it in the actions of your business and how you navigate it.
Find the right business for you
There are so many business ideas out there but you don’t need to incorporate all of them and pick just one that is right for you. Franchise and startup are two options you can consider. With franchise, you have full control of running your own business with franchisor to guide you. With startup, it can be challenging because you are on your own with a business that is probably not proven yet to have promising success. Regardless of your choice, you need to go through the process including how to budget, how much time you need to invest in the business, recruitment, and more.