Deciding to become an entrepreneur is a big deal.
The benefits are awesome. You can ditch the 9-to-5 and create your own schedule. The earning potential is huge in the long run. The flexibility to spend more time with your kids while also doing work you love makes for a very rich life… rich in ways that are far more meaningful than only financially.
For all the positives there are some truly hefty risks.
Can you afford to quit your full-time job and give up benefits? Do you have the knowledge, skills and support to start up a business? Most importantly, is there a market for what you’re selling?
In my work as a career coach, I always present the option of entrepreneurship to the moms I help through job transition. Especially for those who are looking to reinvent their career entirely. I’ve worked with a number of moms whose entrepreneurial dreams percolate while they continue working full-time. And I’ve seen it’s a great option.
Starting a business on the side is a fantastic way to dip your toes into entrepreneurship without all the risks. You build credibility and brand awareness as you work on your business in a part-time capacity. You can lay the groundwork for quitting your day job and position yourself to leave your company gracefully. Most importantly, when you’re ready to jump into your business full-time, you won’t have to start from scratch.
Here are some key steps that will make this transition more successful.