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ARE YOU AN ENTREPRENEUR AT HEART? Learn How to Transition from Employee to Owner

Updated: May 10

Lady working pressing laptop with coffee nearby

Have you been dreaming of owning your own business? 

Well, it doesn't take as  much knowledge and experience as you think to get started now. You can actually go from being an employee to a being a business owner in a relatively short amount of time – with the right mindset and the right help. 

Here are a 10 tips to help you transition from your job to your entrepreneurial dreams...

  1. Set goals. You cannot go anywhere if you don't know where you 're going. Right down your intentions to give them the full force of power they deserve.

  2. Keep learning as you go. Continuous education will give you confidence to keep going, to make changes when necessary and to stay profitable once you launch the company.

  3. Exercise your time management skills every day. Tackle important tasks first and early. Do one thing at a time. Focus wholeheartedly. Then take 8 -20 minute breaks in between each task, big and small.

  4. You must get comfortable with networking. Just talk to people about what excites you. Don't make it a chore. Learn to express your passions with ease so people will want to work with you based on their comfortability level.

  5. Be resilient. Most new businesses fail. It's a fact but it's not a reason to give up. Use this fact as motivation.

  6. Be adaptable. Learn to adjust according to the needs of your customers. Rigid business policies and strategies will collapse a business faster than lack of funding. Opportunities present themselves when you are ready!

  7. Start applying self discipline habits to your daily life. Starting a business usually means you will take a substantial pay cut for at least the first year. Streamline your personal expenses and tighten up your budget!

  8. Be prepared to take risks. Assess every risk from both an emotional AND a factual perspective – both matter! Push yourself personally before you attempt to do so in business. Try a new food item every week – something you never would have tasted before. Or, set up a system of rewards and consequences. Every time you wake up at a certain time and go to bed at a certain time, you get a “treat” of your own design :)

  9. Innovation is the key to a great, not just good, business. This means you should commit to introducing a new concept to your business every so often. A new product, strategy, service or communication method all count. Whatever you chose it must provide VALUE and FUEL GROWTH.

  10. Lastly, achieving work-life balance is the ultimate goal for all successful business owner. This is the amount of time you spend starting and running your business versus the amount of time you spend doing things that are important to you besides work. When these two areas of life are in equilibrium (balanced) the potential for growth is limitless. 

About the Author

Image of Kiva Waters

Kiva V. Waters, a seasoned consumer protection lawyer specializing in bankruptcy law, has been dedicated to serving human needs since 2010. Founding WATERS LAW GROUP, her firm addresses bankruptcy-related concerns while also catering to elite leaders, thinkers, and creators.

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