Start your own business and become a leader

Do you have a dream to work at home with your pyjamas while drinking coffee at your working desk beside your bed? You are not different, many people want to do that, work from home and earn money. It looks more interesting, but actually, it needs hard work and high dedication. If you are serious to become your own boss and have your own business, hereby are some tips from Financial Edge:

Analyze your Financial Situation

The most basic thing in order to start your own business is to understand your own monthly cash flow. It includes the understanding of the source of income and how the expense is spent. Your company deserves to get it since the first time it is created. Manage to calculate you're financial properly, not only your personal expense, including the estimation of capital needed to start your business. How much capital needed to start the business? How much the estimated expense to run the business for 1 week? By having the estimated value, you can understand your financial capability clearly.

Take Note the Stability and Self Discipline

Money is not the only factor in running a business. You have to know clearly how to take action and be discipline as your own boss. Check the following points:

Emotional Level: Are you suddenly angry or panic? Do you get difficulties to find a solution when a problem is coming? How do you handle or manage stress and pressure at work?

Support Factor: Do your family members and your close friends support you? Do you have a partner who has business experiences and can give you inputs to make a decision?

Managerial Skills: Do you work hard enough? Are you familiar to work with a deadline? Are you able to manage to be a leader in an organization?

To be your own boss, you must appreciate the time, money, and project.

Working Plan

If you will be a boss or leader, then you will have employees, and how is the plan? Do not plan half-minded, it will be your business that will be your life support. Let’s say you want to be a business consultant, do not stop at that point. Decide which industry space you want to be and list down your potential clients.

Start Part-Time Works

Normally, it needs a few days to start running a business full time. In order to manage your business, you can start work in part-time. On weekdays, you spend your time in your current office, in the weekend you can do your personal business. Why do we need to do it gradually? Why don’t we just do it in focus? The reason, it is not easy to get the best clients as you imagine, it needs a lot of efforts and time. Besides, you will not have much things to do when the first time you start your business, thus it will be better you do more important things.

Wait for the until your clients and financial are ready to be run as parts of your full-time business. If they are still not minded to ready, do not leave your current job first. Of course, it will make you very busy, but it will also train you to have good time management.

Transition Time

When your client's number increase, the willingness to leave a current job will increase as well. At this point, you will enter an important transition time. If it is possible, you try to request working hours deduction from your boss, thus you can focus on your business. If it is not possible, then you must work more and more to run your business.

Prepare Your Office

After everything manages, you are ready to be a legal business entity. Do the necessary things to register your company in order to avoid any possible legal issues in the future. You can ask a professional consultant service to do it.

You must end the transition time by making the best decision, are you ready to run your own business or do you still want to be an employee? Faster you make a decision, faster your business will be started.

Keep in Touch

When the time is nearby, leave your current company professionally. Your ex-colleagues can be your business partners or support in the future. Do not lose their contacts.

Monitor Your Works

The key to success is to ensure the works are done with proper prioritization. Manage the schedule, do the most valuable thing first, and ensure there are no left works. Now all depend on you, from searching for clients and getting income every end of the month.