If you’re bored of the 9-5 and your boss is becoming a nightmare, going it alone might be the answer.
In 2016, the working world looks very different to what it did 10 – even 5 – years ago. 9-5 office jobs are less common than they once were, and lots of people take advantage of flexi-time, working from home and – the ultimate goal for many – self-employment.
More and more people are choosing to pursue their passion and set up shop over the safety of a regular salary. It’s never been more popular to start your own business and there are lots of success stories to inspire you, from Julie Deane’s Cambridge Satchel Company to Deliciously Ella’s best-selling cookbook. Here are our top tips for anyone thinking of going it alone…
If you’re starting a business from scratch, you need to be prepared for a hard slog. Those long days, financial sacrifices and non-existent weekends are much easier if you’re working towards something you love, so make sure your business is motivated by passion as well as money.
Be financially savvy
Leaving a reliable salary behind for ad hoc payments, bank loans or even – shock horror – nothing at all is a very scary prospect. Be as prepared as possible before you make the leap by saving as much as you can and cutting back on non-essentials… you could even discuss voluntary redundancy with your boss, which could give you a bit of start-up funding.
One of the biggest secrets behind successful businesses is organisation. Taking care of boring tasks like admin, accounts, paperwork and expenses means the exciting stuff runs more smoothly. If organisation is really not your thing, look at hiring a virtual assistant to keep on top of it.
Be forward thinking
Planning for the future is the best way to ensure your business will last beyond the first six months. Make sure you have a 12-month plan in place to plot out your business aims and goals, and always have your next move in mind.
Whatever your business idea – whether it’s freelance writing or making your own jewellery – there’s a community out there full of likeminded people doing the same thing. Don’t see them as your competition, but as people who can help get you off the ground. Fellow business owners can help with everything from press contacts to building your website, and networking (both in person and online) can connect you with exciting new opportunities.