It’s here –the day you take the leap into the wild and wooly world of entrepreneurship, leaving behind the security and stability of a “normal” job.
The leap is thrilling.
It’s also completely terrifying.
For myself, there were many nights during Year 1, Year 2, and a few in Year 3, where I laid awake wondering, “What in the @*&% did I just do?”
Looking back, there were several key actions I should have taken before quitting my job to go full-time in my business. They say hindsight is 20/20 – well, maybe a few aspiring entrepreneurs can glean some wisdom from the things I wish I’d known.
Here’s the scoop on 5 things you should do BEFORE you quit your day job and dive headfirst into the world of entrepreneurship:
During a workplace seminar I recently attended, a member of the audience asked the speaker, “Why do millennials want the flexible work environments?”
The speaker replied, “Because they don’t want to work! Millennials don’t want to work.”
As one of the only millennials in the crowded event space, my interest was piqued by the speaker’s response and the subsequent non-millennial audience reception. The speaker and audience conversation continued dogging millennial employees, citing Generation Y’s preference for remote working opportunities and their engagement in the gig economy as sufficient evidence for the unfounded argument that millennials are inherently “lazy”, “have immature values”, and “lack sufficient work ethic”.
As a career-minded millennial that’s built her entire career through virtual work out of necessity (I am also a full-time caregiver to my spouse who was injured serving our country in Afghanistan), I was quite troubled to hear this discourse among industry leaders regarding generational misconceptions and ill-informed consensus regarding flexible work opportunities that can lead to mass discrimination within our caregiving community.
We’ve all been there – stuck in a job that (barely) pays the bills while sucking your very last ounce of inspiration and ambition with every passing hour.
Dead-end jobs aren’t anything new to 20 and 30-something’s that started their career mid-recession. On one hand, we were grateful for the paycheck (those didn’t come easy early 2000’s); on the other hand, we couldn’t believe our educational pursuits had left us stranded amidst a sea of literally-no-future positions.
If you find yourself clocking hours in a position that inspires reoccurring nightmares of spending twenty years doing the same drab thing, with the same drab people, in the same drab company, don’t fret!
There is hope.
Here are three things you can do when find yourself stuck in a dead-end job, besides the lunch hour/after hours job hunt (because that’s a given, right?): Continue Reading…
Sometimes you just hit the jackpot – a dream client that is a pleasure to work with sends you fabulous referrals, and always pays on time.
Other times, you find yourself tethered to a client from hell – a psychopathic cheapskate that’s a grab bag of ageism, sexism, and racism, threatens to slander your business name and is always late on their bill.
Mean clients have a way of taking something you love – your work, your company, and your entrepreneurial lifestyle – and turning it into a complete nightmare. The dark clouds of doom these bad clients bring along with them leave you second guessing your skills, your career, and even yourself.
Don’t let mean clients ruin your business.
Follows these three tips for dealing with mean clients successfully and enjoy the benefits of business again:
The gig economy and its “freeing” freelancing gets a lot of headlines these days.
Promotional campaigns spotlighting the ultimate career woman raking in thousands of dollars from the comfort of her chic designed home office have many young professionals wondering, “Is the commute worth it?” or “Could freelancing be my escape from Cubicleville”?
With my hard-earned MBA in hand, I hit the freelancing market with gusto, eager to get a jump on all my graduating peers (and my always-accruing-interest student loans).
For months, I’d read everything I could find on this wondrous world of freelancing, been mesmerized by hours of inspiring ad campaigns, and spent many a late night perfecting my freelancer profile. I was certain that I’d done everything “right” to pull an MBA hourly with just my laptop and make-shift office; but things didn’t go as planned.
Guest Contributor: Jamie Roberts
One-third of the workforce is classed as a millennial and they are bringing a whole new mentality with them. Money is no longer the main motivator in a job search. Flexibility has quickly become the front-runner with seven in 10 agreeing that it plays a major part in their job search thanks to an increased desire for a better work-life balance.
Currently one third of the US workforce (55 million) are freelancing, with the number expected to continue its increase, rising to one in two by 2020. It’s clear that the role provides a host of benefits, none more so than flexibility. The once popular 9-to-5 is quickly falling by the wayside, with a flexible rota allowing workers to fit their roles around their personal commitments.
Freelancing – known by some as the “future of employment”– is quickly making waves as a viable career option for many talented professionals. According a 2014 survey conducted by Freelancers Union and Elance-oDesk, 34 percent of the U.S. workforce – 53 million Americans – currently worked as “freelancers”.
Exchanging long commutes and rigid office hours for the freedom of freelancers, many members of the gig economy report improved work life balance and overall quality of life vs. that experienced in traditional work settings.
Thanks to technology’s implementation within the modern workplace, we can expect continued wide spread adaptation of the freelancer arrangement, turning the home-based contractor into the professional of the future.
If you’re dabbling in the world of freelancing, chances are you’ve encountered a need for some time-saving and productivity-making tools to assist with your work goals. Continue Reading…
Guest Contributor: Philip Piletic
Freelancers have become the fastest-growing segment of the working population. In fact, it’s estimated that by the year 2020, they could represent up to 40% of the workforce.
Currently, over 53 million Americans, or 34% of the U.S. workforce, engages in some kind of freelance work. In Australia, according to a 2015 survey, an estimated 4.1 million workers were freelancing, and that number has continued to increase.
A recent article in The Guardian reported that a full third of all millennials are choosing to participate in some type of freelance work.
While millennials aren’t the only group embracing the newest form of entrepreneurialism, there are a number of reasons millennials are embracing it so enthusiastically. Continue Reading…
When most of us think of taking the bold and brazen nosedive into the world of entrepreneurship, we assume such a feat requires turning in our resignation notice to our day job, but that’s not always the (wisest) case.
Many entrepreneurs – nearly 15% of small business owners– work a second job to keep their startup afloat. Its’ rare for a new business to be adequately profitable in Year One to cover all the entrepreneur’s living expenses.
In fact, only one of my for profit entities were “adequately” profitable within its first year to pay my bills (including health insurance); most took two or three years, and a few never saw any profit.
Such is the world of entrepreneurship. Continue Reading…
Guest Contributor: Kayleigh Toyra
Always dreamt of earning money with the power of your pen?
Making money online through your writing skills is very rewarding, but you need to be committed to the hustle in order to succeed.
It isn’t as easy as just sitting down with a coffee one fine morning and writing a best-selling ebook. In order to succeed as an online writer, you need to come up with sticky sales strategies, build up a credible brand, and constantly improve on your own expertise.
Here are some clever strategies and tips to help you (literally) make the most of your words.