What do you do if you're ready to leave your traditional job and start your own business?

Learn before you leap! 🚀 Before resigning, open up to your manager about your concerns, thoughts, and aspirations. Sharing openly may lead to solutions or adjustments that make your current job more fulfilling. Don't assume resigning is the only option without exploring all possibilities.

Leaving your traditional job to start your business is an exciting yet significant decision. Here are some practical steps to guide you through this transition: - Look before You leap (why do you want to start your own business?) - Try selling a service before a product - Prepare a realistic financial runway - Start your business before You leave - Network and learn - Embrace time management - Know what’s holding you back Starting your own business is a journey. Be prepared, stay adaptable, and pursue your passion with determination!

A good idea is always to start your research before moving out of your job, so that you have a sound idea about your business. I have seen people investing time for this on a part time outside their work. Even I do that. From there you will get to know: 1. What should be your financial status to start? Explore the options with least risk and max returns 2. Find if there is a predictable system for your business outcomes- most important 3. Does it align with your skills and passion? Do you need to do partnership? Happy transitioning.

It's crucial to have a plan in place before leaving your 9-5 job. This plan doesn't have to be a formal business plan with projections, but at the very least, it should outline your next steps and include a financial cushion to ensure a smooth transition into entrepreneurship. By having a plan in place, you'll have the financial security to focus on building your business while navigating the challenges of starting a new venture.

Entrepreneurial skills and mindsets really differ from those of employees. I recommend finding and joining entrepreneurial communities to start listening to and analyzing their mindsets and mentioning what skills and points of view they have that you do not. This will be your learning plan for the near future.

Telling people is most important. You can tell people who: 1. You know 2. You don't know (this could be your max customer base) Make sure your thinking is right - business means knowing what people are looking for. Do not shy away from the social media. Be creative and get a better outreach

"Dip your toe! 👣 Research businesses you admire and reach out to their owners for a quick chat. Ask them about their typical day, what they love/hate about their business, and what they'd do differently if they could start over. Also, inquire about shadowing them for a day to gain insight into business ownership. 🌟"

Make an appointment with a financial advisor, an experienced accountant. Present your budget, planned income and expenses. Make sure to ask about taxes and reliefs. Make sure to get advice on unforeseen costs, surprises and pitfalls. If you believe in your new venture and you're not happy with the advice, get second one elsewhere.

Resilience is absolutely needed. What is helps you with is handling objections and accepting rejections. Your mindset will determine your resilience, so a daily intro and retrospecting will help. Try to groom up on people skills. Speak to people you respect to guide you.