So you’re itching to leave that 9-5 and start working for yourself? It’s possible to do but it’s not easy; it takes hard work and dedication. I worked in the corporate world for years, dreading my one-hour commutes to work every day. It became routine and I hated my job, it wasn’t my passion. I felt like I was restricted and couldn’t live the life I wanted to live. I’m creative, I knew I wasn’t supposed to be working for someone else forever. So I took the time to elevate my craft and build a business plan. Now I work for myself full time doing what I love.
Starting a business is exciting, you get a burst of energy, and you feel like you have a purpose in life. But the real question is, how do you start a business and still make a living? The keyword is PATIENCE young grasshopper there are levels to becoming financially independent. I would NEVER suggest finding something you’re passionate about and quitting your job. It’s a process, and you have to be willing to put in the work and create a blueprint for success. Here are the key steps to building your business plan.
What exactly is a business plan?
A business plan is a written document outlining what you plan to do as a business and how you plan to do it concisely. Having a business plan is the blueprint and foundation for any business. You can share your plan with banks, friends/family as well as investors. When you have a business plan in hand people will take you more seriously.
Step #1: What are you passionate about?
Taking the time to do a self-evaluation makes finding your passion easier. Knowing what makes you happy and being good at it is a great start. Think to yourself — What is something you could wake up and do every day? Would you do this for free if you had to? Will you be happy in 5 years? A passion is something that makes you feel good, something you want to share with the world. This is the key component in starting your business.
Step #2: Do research on your industry
When you enter an industry, you are passionate about, you need to know what you’re getting into. Knowing the latest trends, tools, and client demands gives you direction on what you need to work on. Read, Read, Read I can’t emphasize this enough, having all of the knowledge of your industry is a must. Educating yourself helps you with the next step which is writing a business plan.
Step #3: Write your Business Plan
Take the time to sit down and write a business plan explaining your business goals, who your clients are, and how you’re going to be a profitable business. This step is crucial, it keeps you focused on your goals and makes you accountable for all of your actions moving forward.
Bonus: Be consistent and Authentic
If you start a business just because someone else is doing well in that particular field it doesn’t mean you will have the same luck. Stay true to yourself and do what makes YOU happy and you will see faster results. Building a business is a process especially if you want to have a long-lasting business. Stay consistent with your business, slacking only makes the process longer. Trust me you can do this!
If you enjoyed this post, check out my blog on 9 Steps To Starting A Small Business.