Making The Transition From Accounting Employee to Entrepreneur

Have you ever caught yourself daydreaming about being your own boss? You're not alone. Many of us fantasize about ditching the 9-to-5 grind for the freedom and flexibility of entrepreneurship.?

But there's something important to understand: Most of us have been taught to be very good employees, not entrepreneurs.

The truth is that our education system was designed to train people to work in factories and follow instructions. It's been teaching us to be obedient and to accept the authority of others for over 200 years.

Transitioning from being an employee to being in charge can also be tough because our brain is NOT on board with change, especially since our jobs become a big part of who we are.

That's why learning how to manage your brain is crucial when making this transition.

The Importance of Brain Management

In the world of career transitions, managing your brain is the key that can make the difference between a smooth journey and a bumpy ride.

In fact, brain management is the key when you:

• Feel scared to take a big step
• Want to leave your job
• Worry about what others might think
• Can't figure out how to organize your time
• Feel overwhelmed by all the choices you have to make
• Miss having coworkers to talk to about problems
• Doubt yourself
• Feel like you're not good enough
• Have a client who isn't happy
• Don't have enough money
• Are afraid to ask for more money
• Feel like giving up

Honestly, more than any other start-up tip or suggestion I can give you, managing your brain is the single most important thing that will determine your success, or not.??

Whether you realize it or not, you are actually going into business with your brain, so it’s super important that you understand how to manage and master it in order to make a smooth transition from employee to self-employed as well as continuing to be an entrepreneur.

Making the Transition From Employee To Entrepreneur Smoother

As I’ve coached many accountants making the transition from accounting employee to entrepreneurship, I want to share the three things I believe you need:?

Commitment?

The first thing you need is commitment.? To create the powerful feeling of commitment, you need to find your compelling reason for wanting to be self-employed.?

When your brain wants to freak out (which it will do a lot), you need a compelling reason to serve as your North Star.? It's having a gentle reminder and a reassurance that says, "I'm doing this no matter what."

Economic Responsibility?

The second thing you need is economic responsibility.? The truth is that it can be challenging to not have a regular paycheck that comes no matter what.??

That consistency and comfort is important to your primitive brain which is why it does not like the idea of the economic unknown that often comes with entrepreneurship.

By taking charge of your brain and utilizing the higher brain to create value for your clients, you’ll see that every result you create, especially the amount of money you make, is within your power based on how you think, feel and act.

Emotional Maturity

And the last thing you need is emotional maturity.? Understanding that feelings of fear, confusion, and doubt are normal, makes them easier to manage.

As I tell my coaching clients all the time, “Feelings are information, not problems,” which is why you have to transition into entrepreneurship having emotional maturity.????

Emotional maturity means knowing that the only thing that can cause your feelings are your thoughts, and those thoughts are always optional when you choose them on purpose.? There is no place for the “blame game” when you become self-employed.

Becoming a Smarter Accountant: Making a Successful Transition From Accounting Employee to Entrepreneur

Here are some of the success stories of clients who made the transition from accounting employee to entrepreneur by learning the power of brain management:

• One client realized that a strong desire for work-life balance and freedom were her most compelling reasons for wanting to become an entrepreneur.? By learning brain management, she now not only enjoys financial success but loves the newfound joy she feels in having the work-life balance and freedom she always wanted.
• Another client was a CPA who was struggling with the idea of getting a regular paycheck; the economic responsibility that came with self-employment was a big concern. Today, she’s making more money than she ever made as an employee, and she loves the power she now holds over her financial future.?
• One client was dealing with fear, doubt, and uncertainty as he was considering making the transition from employee to entrepreneur.? Once he became a Smarter Accountant by learning brain management, he faced rejection, fear, and self-doubt head-on. Today, his firm is growing, he is building his own team, and inspiring them to become Smarter Accountants as well.??

The bottom line is that transitioning from accounting employee to entrepreneur can be daunting, but it's also achievable. You simply need to get your brain on board because it’s the most important asset that you’re building your new business with.??

If you’re interested in becoming a Smarter Accountant, you can take The Smarter Accountant Quiz at www.thesmarteraccountant.com.??

If you want to learn more about how to successfully overcome the habit of failing ahead of time, check out this episode of The Smarter Accountant Podcast ?? https://thesmarteraccountant.com/podcast/making-the-transition-from-accounting-employee-to-entrepreneur/