Considerations To Transition To Entrepreneurship

Throughout your career path, have you ever dreamt of being self-sufficient? Have you ever thought, I am ready to do this on my own, I just don’t know how to get started?

Studies have shown 75 percent of the adult population has a strong or very strong desire to be self-sufficient—but only five percent are ready, willing and able to act on that desire. However, I believe that, with proper coaching and guidance, the other 70 percent can also attain independence.

Like any major life change, transitioning your career path to entrepreneurship is a challenge. There are many questions to be answered, and you may find yourself wondering:

·       Where do you go for advice?

·       Should you open a startup business that’s independent?

·       Do you invest into a franchising business opportunity?

·       What’s the right business opportunity for you?       

Today over 70% of full-time working Americans, according to Gallup, are actively disengaged – i.e. miserable – or just sleep walking through their careers and failing slowly. 

Here are 5 introductory steps as you consider entrepreneurship:

1. Stop Waiting. Take Action....But don't leap! Opportunity usually doesn't just drop in your lap, and time doesn't usually make your current situation better on it's own. Only when you take control of your current reality, can you change it. But don't leap. Discovering your options is a process. Take action by exploring all possibilities by researching them first.
2. Add to your Circle of Influence. Your family, friends, and some professional "mentors" may be a great resource (and support), but they may pigeonhole you and unwittingly build fences, not gates. Open yourself to meet and learn from others.
3. Believe in the New You. Many people prematurely discard opportunities because they have no "experience" in a particular field. Success comes down to grit, hard work, and a desire to win. Your experience and past success brought you here, but it shouldn't dictate your direction for the future.
4. Get Motivated! Declare you goals. By making your goals public, you clarify your intentions, motivate yourself, and gain support. Make sure your dreams are connected to your goals. Many times goals have less to do with income and more with control of your life and making your own choices. (Not saying income isn't important.)
5. Acknowledge your Fears. Don't allow your fears to become an excuse for inaction. Understanding your fears is the first step to managing them. When you overcome your fears you start to believe in your ability, and then can take on any challenges that come your way

The decision to take control of your professional career through entrepreneurship is only the first step. Career transition coaches work with aspiring entrepreneurs to answer the tough questions and help establish income, lifestyle, wealth and equity goals in order to find the best business opportunity fit. Find a coach that helps you understand your specific goals, needs, and expectations, and what you want your life to look like in the next 10-15 years.