ENCOURAGEMENT to go from employed – to SELF EMPLOYED.
Absolutely! Transitioning from employment to self-employment can be both exciting and challenging. Creating a solid plan based on your current situation is a great way to start and minimize some of the uncertainties. Here are five straightforward ways to guide you through the process:
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Evaluate Your Skills and Passions: Take the time to assess your skills, passions, and interests. Identify what you enjoy doing and what you are good at. This will help you determine the type of self-employment opportunity that aligns with your strengths and passions.
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Research and Explore: Once you have identified your skills and interests, research the market and explore different business ideas. Look for gaps or unmet needs that you can potentially address with your expertise. Gather information about the market demand, competition, and potential clients to make an informed decision.
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Create a Business Plan: Develop a well-thought-out business plan that outlines your goals, target market, strategies, and financial projections. A business plan will help you stay focused, establish a roadmap, and secure any necessary funding or resources.
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Grow Your Network: Networking is key to self-employment success. Attend industry events, join professional associations, and connect with like-minded individuals. Building a strong network can provide you with valuable advice, support, and potential business opportunities.
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Start Part-Time or Freelance: To make a smoother transition, consider starting your self-employment journey on a part-time basis while still employed. This will allow you to test the waters, validate your business idea, and start generating income. As your business grows, you can gradually transition to full-time self-employment.
Remember, taking the leap from employment to self-employment requires careful planning and dedication. Succentrix Business Advisors is here to help increase your chances of a successful transition by providing the advice and services you need to get started. If you have any more questions, feel free to contact us!
The Succentrix Voice:
Friendly, approachable, and empowering, Succentrix Business Advisors voice is all about making the transition from employee to self-employed feel like a breeze. We’re here to help make the transition comfortable, stress-free, and most importantly, EXCITING, while focusing on your business needs and aspirations. We assure you that you’re not alone on this journey. We want to be your trusted business advisor and provide the best services that will guide you towards a brighter future.
SUCCENTRIX BUSINESS ADVISORS
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Watson M. McLeish, C. D. (2024, February 29). Ensuring tax parity for Main Street businesses. Ensuring Tax Parity for Main Street Businesses | U.S. Chamber of Commerce. https://www.uschamber.com/taxes/impact-of-the-20-percent-pass-through-deduction?state=