Transitioning to Self Employment

Taking a Leap of Faith: Transitioning to Self Employment [Contributed Blog]

December 31, 2018 - 5 minutes read - Contributed Posts, Remote Agency

If you have been working in the same industry for a while now, no doubt you may have itchy feet to try something new. You might want to still stay in the same industry, but like the idea of working your way up or taking on a role with a new company. But have you been thinking about working for yourself before? Transitioning to self employment might seem like a pretty scary thought, but taking the leap to work for yourself could be one of the best things that you could ever do. You just need to make sure that you have a plan in place and that you’re ready to make it work.

The transition from working for others and then to working for yourself can be a pretty big thing to do, so you’ll want to make sure that you are prepared for it. It can be riskier than a regular job, otherwise everyone would be doing it. But it can be worth it when it is done right. So with that in mind, here are a few words of advice to help with the transition, if you are thinking of making the leap.

3 Tips for Transitioning to Self Employment

Educate Yourself

When you are going it alone, there are several things that you will now have to start doing for example, you will now be the person that is in charge of everything, from accounts, tax returns, marketing, and sales. If you are unfamiliar with any business aspects, then you need to make sure that you are educating yourself to make the transition easier. If you want to hone your skills, then it could be worth looking further into your education and training by doing something like a masters in marketing, for instance. When you have the knowledge, you are going to feel more empowered and motivated to make a difference.

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Start Slowly

If it is possible, then start slowly with the process of working for yourself. To start with, you can get it all going alongside your employed job. Over time you might consider going part-time in your role to move things along more, and then from there, when you feel ready, take the self-employment full time. You have only yourself to answer to, so do what works best for you.

Do Your Research

No doubt you will have an idea about what you want to do for your business. And while having a plan is a must to make it work, you need to think about all of it in detail. Doing your research is key. How much work will you need to do to make the level of money that you need? What will your services be and the charges for each thing? What are similar businesses doing? Planning it all out and researching can ease the stress level a bit as you know what you need to do to make ends meet.

Working for yourself comes with many benefits, and the flexibility is one of the best things about it. But it does take work to get there. If you’re determined and want to work hard, then it could be the leap that you need to take.

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