Is changing from employee to entrepreneur easy?
Are you one of the millions who want to be your own boss rather than someone else’s employee?
You’ve heard about all the opportunities for an online business. The earnings possibilities are virtually limitless. And with all that’s going on in the world today, an online enterprise seems a safer bet.
Now you want a piece of this action too.
Unfortunately, only a small percentage of those getting into the online business world actually make that “job quitting” money.
Before looking at the traits that make a successful entrepreneur, let’s look at few top reasons why so many fail instead.
And there are many reasons.
First, most people jump into this arena without any real training and/or without having a decent mentor. Instead, they fall into the trap of cheap, scammy opportunities promising the world. That usually never ends well.
Others just don’t commit to the work that is necessary, and don’t take it seriously enough. It really does take effort and dedication.
The truth is, not everyone is cut out to be their own boss. You need to think like an entrepreneur and prepare for that role. Your habits dictate your success, and you need to get out of that 9-to-5 mindset.
Below are a few important traits that successful entrepreneurs have.
Regardless of what kind of business you want to start, there may be many components that make it work. Will you need a blog/website or payment processor? You will certainly need traffic and most likely a traffic tracker. What about social media? What are the latest trends? Which marketing methods are working now, and which are becoming obsolete?
Tools, methods, platforms, and everything else on the internet are continuously changing. An entrepreneur must continuously be aware of current trends and be adapting to changing technology and the latest tools.
As an employee, you may be forced to learn new procedures or new equipment at your job. Often a fellow employee will tell you how to do it and guide you.
As an entrepreneur, you need to take the initiative and discipline to learn on your own. Most of the tools and resources you need to run your own business come with excellent tutorials. Sometimes there are learning curves. But it’s up to you to dig into it.
As mentioned earlier, changes are happening all the time. But even more significant are all the unexpected issues that pop up. Your ability to be flexible and positive in the worst situations will have a direct impact on your bottom line.
When things go wrong (and they will from time to time), fix it, learn from it, and move forward. It’s just like falling off a bicycle and then getting back on and riding onward.
An employee doesn’t have quite the responsibility as the employer when things go wrong on the job. Often times other people clean up the messes. Plus, you generally still get paid even if the company takes a financial hit from a problem.
The successful entrepreneur will grow from mistakes and mishaps. While a bit cliché, always expect the unexpected, and keep your goals in sight.
It should go without saying, but good work ethics will help you grow and stay in business for the long term. There are so many greedy marketers on the internet that just want to separate you from your money at whatever cost. In the end, they develop a bad reputation and eventually go hungry.
Don’t be that person.
Be transparent and honest in all you do. Always put yourself in the shoes of the person you want to serve. Would you want to do business with you?
Bad ethics as an employee hurts the company (and you in many cases), but as an entrepreneur, you really stick it to yourself.
As an employee, your employer takes all the risk. As a marketer, if you’re too cautious and conservative, it could slow any progress and scaling.
Though the consequences of risks can create a short-term setback, the rewards can be huge – especially if they change the path of your business. Consider your risk tolerance before making dramatic decisions.
If you’re an employee in a job that solves problems, you may already “think outside the box.” For most “employees”, however, following guided instructions are the norm. If problems arise, others may be called to help.
As an entrepreneur, you may encounter situations where conventional thinking won’t work. Thinking of other possibilities that don’t fit conventional ways could lead to even better results – where no results may have resulted otherwise.
If you’re in any kind of management position, this should be an easy task. As a marketer, there can be many pieces to your business, and few are good at everything. If you’re not good with the technical stuff, graphics, copywriting, etc., then find someone that is. Go to Fiverr.com or Upwork.com and do a search for someone that has the skill you need help with.
Even if you are lucky enough to know everything, sometimes it makes sense to outsource some of the easy, time-consuming stuff so you are free to work on the more critical business needs.
If you are now an employee wanting to become an entrepreneur, do you have these traits? If you don’t have all of them, can you learn them? With enough passion you will learn and adapt. Developing a good mindset is essential.
All you need can be learned through experience and a little training or guidance. A proper mindset is just as (or maybe even more) important than basic skills.
Thinking and living as an entrepreneur is possible for anyone with the drive and passion.