Recareering can take many forms. If you're looking to ditch your 9-5 and start your own business, the fantasy may overwhelm the reality. You may find unexpected obstacles blocking your path to fame and fortune. Here are some of the things that can help you make a successful transition:
Follow your interests and passions. Do something that will light your fire and take you higher! Perhaps its your own sports card shop or a computer repair service.
Do your research. Know exactly what you're getting into before you leap. Talk to others in the same line of business, read articles online, scan books, and check out sites such as the Small Business Administration (www.sba.gov).
Draft a Business Plan. It will help you approach a new business in an intelligent and planned way. It may also help you obtain much-needed capital.
Make sure you have adequate capital and reserves. It could take a year or two for the business to take off and enough revenue to stream in that you're able to draw a salary or make a profit. You may need to pinch pennies but also understand how and when to invest.
Be prepared mentally and physically. Visions of glamor and success may dance before your eyes but it's likely that plenty of sweat will drip from your brow. A new business can be stressful and demanding. You may spend long hours at work--particularly at the outset.
Ensure that you have support. You will need a partner or family that can be supportive and help out in a pinch. You will also need to find employees you can trust.
Stay informed. Read trade publications, subscribe to online newsletters, attend conferences. Do what it takes to get ahead and stay ahead.
Remember, some upfront preparation can help you find the work you love!
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