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How to Start Working for Yourself and Become Your Own Boss

How to Start Working for Yourself and Become Your Own Boss

Starting your own business can be a scary thing, but it can also be one of the most rewarding experiences of your life. Obviously, there is going to be a lot of hard work to do at first, but if you put everything you have into it, you will enjoy success.

The best part is, you will be working for yourself and not contributing to some big corporation. Before you can start your own business, there are a lot of things that need to be considered, including the benefits of being your own boss and how to succeed as an entrepreneur.

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Benefits of Being Your Own Boss

When one thinks about being their own boss, one of the first things that comes to mind is the freedom they will have to set their own hours and work with no one hovering over their shoulder all the time. Of course, there are several other benefits as well. For one thing, with the exception of taxes and other expenses, you get to keep all of the profits. Here are a few more benefits to being your own boss.

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  • You Save Money – Once you work for yourself, you will likely find that you are spending a lot less money on little unproductive things. For one thing, you will no longer have any commuting expenses. You can also claim some of your household bills on your taxes, such as phone, Internet and electricity. If you have children, you no longer have to worry about spending money on daycare.
  • You have More Variety in Your Work – When you work at a traditional job, you often end up with repetitive tasks and the work can get pretty menial. When you work for yourself, you have more chances for variety in the work that you do. This is particularly true if you are a freelancer, because you will likely have a few clients who assign various types of projects.
  • No Drama with Co-Workers – Even though you may find yourself isolated at times, you will be free of drama with co-workers. You won’t have to listen to gossip, music that others are listening to, cell phone talkers etc. You can still hang out with those who you like, but you don’t have to bother with those who annoy you.

How to Succeed in Being Your Own Boss

The following are some things that you need to consider before you start any type of business. Being your own boss is rewarding, but you need to know how to get off on the right foot.

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  • Know Your Target Audience – The first thing to do is to figure out who your target audience is. These are the people who are going to buy your products and/or services (besides your family and friends). Learn who your customers are, the size of your market, why they need your product or service etc. You need to conduct the market research to see what your competitors offer.
  • Create a Digital Presence – Once you have decided on your target audience, it is time to start marketing to them. In order to do this, you need to have a great digital presence. You don’t have to spend a lot of money to do this. In fact, there are free tools to make a website from scratch to really get you noticed online.
  • Be Prepared for Anything – You need to make sure that you are always prepared for the worst-case scenario and have a Plan B. Hopefully, things will go smoothly. But just in case, plan for every problem that could arise so you are fully prepared.

Featured photo credit: Patrick Tomasso via unsplash.com

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Jane Hurst

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Last Updated on November 19, 2018

How to Find a Suitable Professional Mentor

How to Find a Suitable Professional Mentor

I went through a personal experience that acted as a catalyst for an epiphany. When I got fired from a job, I learned something important about myself and where I was headed with my freelance career. I realized that the most important aspect of that one rather small job was the influence of the company owner. I realized that I wasn’t hurt that the company and I weren’t a perfect match; I was devastated by the stark fact that I needed a mentor and I had almost found one but lost her.

Suddenly, I felt like J.D., the main character in “Scrubs,” chasing Dr. Cox and trying to rip insight and wisdom from someone I respect. The realization that a recognized thought-leader and experienced entrepreneur severed ties with me felt crushing. But, I picked myself back up and thought about five ways to acquire a mentor without having the awkwardness of outright asking.

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1. Remember, a professional mentorship must be mutual.

A professional mentor must agree to engage in a mutual relationship because, as the comedy T.V. series showed us, one simply cannot force someone to tutor us. We have to prove that we are worth the time investment through persistence and dedication to the craft.

2. You have to have common interests with your mentor.

Even if a professional mentor appears at your job or school, realize that unless you and this person have common interests, you won’t find the relationship successful. I’ve been in situations where someone I respected had vastly different ideas about what was important in life or what one should spend his or her free time doing. If these things don’t line up, you may find the relationship won’t be as fruitful, even when the mentor knows a great deal about one industry.

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3. Thought-leaders will respect your passion.

One of the ways you can prove yourself worthy to a professional mentor is through your passion and your dedication. No one wants to spend time grooming and teaching another who will not take advice or put the effort in to improve. When following thought-leaders on Twitter and trying to engage with higher-ups in a work setting, realize that your actions most often speak louder than your words.

4. Before worrying if he respects you, ask if you respect him.

On the other side of the coin, you should seriously reflect on those common interests and make sure you respect your professional mentor. Just because someone holds a title, degree or office does not mean that person is trustworthy or honest. Don’t be swayed by appearances and take the time to find a suitable professional mentor.

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5. Failure is often the best way to learn

I honestly have made more mistakes than I can count. I know I’ve learned a great deal from poorly organized businesses and my own poor choices. The most important quality I’ve developed is an ability to swallow my pride and learn from my mistakes. If life knocks me down nine times, I get back up 10 times. One of the songs Megadeth wrote, “Of Mice and Men,” resonates in my mind when I pull myself up by my bootstraps and try again for a goal I’ve set: “So live your life and live it well. There’s not much left of me to tell. I just got back up each time I fell.” Hopefully, this brief post can act as a professional mentor to you in your quest to find not only a brave leader but also a trusted adviser.

Featured photo credit: morguefile via mrg.bz

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