5 Easy Steps How To Be Your Own Boss
Have you ever wondered why most people want to be their own boss, but yet NOT everyone pursues the paths of entrepreneurship?
If you can create a life that has absolutely no limits, what would you choose to have and what would you choose to do?
If you feel incompetent, stressed, and anxious when thinking to be your own boss, this article will help you to think about what you would do to take this big leap of becoming your own boss.
Whether you wish to make a living from your passion or use your expertise, understanding the basics of starting a business can help you figure out what you want to do with your life to have more flexibility.
If you had all the money and time in the world, where would you go? And who would you spend time with?
Stop thinking about what may be impossible for you, how to be your own boss is not about limitations, but it’s about how much you want to pursue this thing you choose.
So are you ready?
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Here are the 5 steps to get started on how to be your own boss:
Step1: Assess what you want to do
You may already have an idea for your business, but if you don’t know yet what you want to do, here are some ways you can take on how to decide on what you want to do. So you can start with:
- DO WHAT YOU LOVE:
What are the things that you’re most passionate about doing? This is the best way you can monetize your hobby into a full-fledged business where you sell things online.
Example: Gardening
Gardening is a fun hobby that can make you happier, healthier, and perhaps even wealthier. It’s essential to know what you’re passionate about so you can identify the one thing that drives you to get up from bed each morning motivated and energized about what you would do in this life.
You may also want to check the living good Japanese secrets, why Japanese continue to work in their later years and live longer.
- USE YOUR ACCOMPLISHMENT
Think about your past experiences, your previous jobs, or if you are currently employed. What are your greatest accomplishments in life so far? Or the things in your life you’re most proud of?
Example: If your child grew up to be a gold medalist in swimming or in singing because of your teachings, then be a coach or mentor for other kids.
How did those accomplishments make you feel? Happy and proud, right? So why not reproduce those experiences and feelings?
You may also want to check, 3 easy steps on how to build a career as a consultant.
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SOLVE A PROBLEM
You can also think of ways to make people’s lives easier or help them solve a problem. As long as consumers have problems, they will always search for solutions. If you have been able to identify a painful problem that you can effectively solve? Deliver the solution to the market, you will be able to create a real business that matters.Example: If you know how to package convenience healthy meals to save time, then you can help those busy working people to pack healthy lunches for their workweek – Presto — you already have a solution that matters!
The painful problem you can solve, the more profitable business you can make.
Step2: Find your market to validate your idea
Once you have an idea of what you want to do, you need customers who are willing to pay you for that idea. You can start testing your ideas into a small group of people. Because it is important to see if there is a demand for what you want to offer.
I want you to take the time to do these exercises in creating your ideal client. Here are some simple steps:
- Find out the profile of your ideal customer.
- Give your customer avatar a name.
- Find out where do they hang out and if they use Facebook, determine which posts or articles they read.
- Write down the occupation, gender, age, marital status, location, and social background.
Social background means the kind of education they have had or the type of experiences they have, or do they have children, renting or owning a house?
With this information, you can tailor your message to their interest.
Also, make sure that they are the ones making a decision to make a purchase.
Step3: Determine if your idea address their concern in life
Describe exactly what does your offer helps your ideal clients want to achieve. You can ask people whose profiles correspond to your ideal client about their needs and expectations.
Either you can conduct a survey using tools like GetResponse or do face-to-face or through social media page. Their answers will help determine if they are ready to buy what you have to offer and help you estimate the price they are willing to pay.
This information will help you to estimate the income you can make with your business.
Step4: Mapping your transition
If you are currently employed working for someone else, you need to plan your transition to becoming your own boss.
Make sure that you are mentally and financially ready and be able to leave. when this project brings immediate cash flow. Do not risk your current employment without mapping your transition and until you begin to generate your own passive income streams.
You can either start this project part-time and make your slow transition while you launch your business or do this full-time to the role of the business owner and quit your job.
You need to be realistic about when you can expect income.
Check these 5 effective ways how to set up goals effectively to attain anything you want.
Step5: Evaluate your finances
It is essential to evaluate your finances before you put yourself in a position to be successful in becoming your own boss. Calculate your current net worth, personal expenses, such as rent, gas, groceries, and utilities.
If you fund a business yourself, you will be forced to live within your means, only investing in business tools, training, and marketing when you need to. This can help you to prioritize your business expenditure and avoid excessive spending.
Knowing where you financially give you much more control of evaluating the amount of money necessary to launch your business as well as how much money you need to make to sustain your business each month.
Check these money management tactics how I paid off my debt in two years before I became my own boss.
So, if you’re burnout and feel more and more frustrated and uninspired by the work you do day to day, Sign up here to get my free training on how to be your own boss!
Final thoughts
My journey of becoming my own boss has not been easy for me. Sure, I made a lot of mistakes, a lot of trials and errors, but I learned how to engage those mistakes to become an opportunity for me.
These five steps that we have covered on how to be your own boss can be extremely inexpensive to start a business.
You will have more flexibility in your schedule to spend more of your life focusing on important activities and with your family. Create your own path to freedom and purpose below:
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More Breakthrough Resources:
How to turn your expertise into income?
Try this 30-Day Be Your Own Boss Challenge to help you build, be in control, and automate to thrive in your business this year.
How to attract high-value coaching clients?
Check my 4-simple steps inside my free online masterclass.
How to crush your short-term and long-term goals?
Check my design your year kit and become who you want to be.
How to find your life purpose?
Check my “IKIGAI” action planner template to help you discover what career or business path that suits you.
About Jeng Cua
After borrowing her lifestyle living paycheck to paycheck, this #WFA (Work From Anywhere) mom wouldn’t let anything stop her from chasing her dreams. Her mission is pretty simple – to help burnout professional mommies to create and implement their business system to be their own boss and maximize their income without any fancy office!