How To Transformation From Employee To Entrepreneur

I had written a post the other day about how challenging it is to go from being an organization employee to a full-time effective business proprietor.  The purpose of these posts is twofold:

Are you really sure you want to be an entrepreneur?

Have the best possible chance by preparing in improve.

The following activities are mostly risk-free (check with your organization and associate first though) and achieve the two factors described above.

Moonlighting

There’s no better a probability to stimulate on your idea than now. Use holidays and nighttime and keep your day job or speaking with tasks. Aside from the obvious advantages of trying something without having to begin the “money clock”, it will analyze your ability to execute insane some time to see if you are truly passionate about your idea.

The devil is always in details so the previously you get started, the better you can find out if the idea (or the whole organization thing) is for you.

Joining an Organization Program

As I described in a previous composing, you need to begin to develop your system, getting to know other efficient entrepreneurs and meeting like-minded people. If you have been in the corporation for decades, opportunities are most of your friends are organization employees too. The start-up team is different and you need to begin displaying in their categories. Let them know you are serious.

The best way I know for a first-time business proprietor to efficiently achieve this is by becoming a participant of an organization system. I recommend The Designer Organization, they are fantastic and valuable and as an additional, you can keep your day job while you are element of it.

The pressure of having a day job, developing you product during nighttime and holidays and going through a complicated system like Designer Organization makes you more highly effective and tests your dedication and individual efficient time management. Features that you will need later as factors get more extreme.

Preparing your Finances

You are developing reasonable cash, right? Now it’s a probability to comprehend how to remain without it. This is perhaps the most complicated element of the transformation

Your purpose is to put aside in a financial institution concern all the cash you make. You might not get there but try to get as near as you can. Cut costs, comprehend to remain on the affordable and re-evaluate all your chronic costs.

Posted in Employee, Entrepreneur | Tagged | Leave a comment

Word Processing

Income  $50,000.00   –     $200,000.00

The range of income for the first year will be dependent upon the length of the jobs you’re able to secure. Capturing documents is extremely lucrative. Most firms pay an average rate of $2 per page.

You could also expand your endeavors to the point of locating clients, managing other word processors and negotiating 25-50% of their rate as your fee. This would give you unlimited income and eliminate the need for you to actually do the work yourself.

Description

Companies that need occasional word processing services would have projects such as manuscripts, as well as legal events such as depositions and court reporter’s documents. You would need to capture the documents in the client’s desired format.

Clients

Your clients will consist of legal firms, as well as state, county and federal legal departments and publishers. You will also find that college campuses may have professors and students who need manuscripts, theses and other documents captured.

Your services would allow them to hire you as the need arises.

Marketing Plan

Your marketing plan will be based upon targeting legal services, schools and publishers. Join leads clubs in order to obtain personal introductions to firms that would use your services. These personal introductions will provide you a much more rapid access to new clients.

Power Partners

Your Power Partners will be those who supply your clients with services on a regular basis. They will consist of Printers, Photographers, Graphic Artists, Web Site Designers and Marketing firms.

The conversations with these Power Partners should indicate your willingness to include them as you become aware of companies that need their services. It is important you meet with these Power Partners in person the first time, and then keep in touch with them weekly through email or phone conversations.

Requirements

You will need to have excellent typing, organization and project planning skills, as well as a computer to create a database, a tracking system and invoices. A professionally designed website is not necessary and an outgoing personality is extremely important. You will also need to have reliable transportation.

You could also expand your endeavors to the point of locating the clients and managing other typists, then negotiating either finder’s fees for projects or a percentage of the project fees. This would give you unlimited income and eliminate the need for you to do the work yourself.

Personality Type: Amiable, Driver

Total Start Up Costs: Less than $500

(includes business cards, website and phone)

 

Posted in Entrepreneur | Tagged | Leave a comment