How To Quit Your
Job and Start A Business the Easy Way!
By Michele Miller
We
know more and more people today are self-employed and the numbers are
rising, especially for moms that want to stay home and people in
general who want out of the 9-5 grind. More and more people want to
be in control of their own destiny and finances.
However, the transition to self-employment is not an easy one,
especially when you are the bread-winner or when you or your family
are dependent on your current income.
Other factors can hold you back, such as the fear of being responsible
for finding work and keeping a business alive. That’s a legitimate
risk. It’s one of the biggest risks of having your own business.
Then of course there are other fears, worries, and doubts that might
hold you back, the big one being finances. These are some of the
reasons people stay in jobs, stay unhappy, and are not fulfilling
their life’s dreams. So how can you change that?
The best way to start a business is by lessening your risks. What
does that mean exactly? Well, there are many different answers
depending on what type of business you start. Let me give you an
example.
BIG MISTAKE:
Joe wants to open a restaurant. He’s out there looking at places to
rent but he doesn’t have the money to cover rent, equipment, food,
staff wages, possible slow weeks, etc. So he starts looking for
investors. Joe’s so excited he can’t see the risks at all. He could
end up over $100,000 in the hole, and how would he ever pay it back?
SOLUTION:
Start small. Joe could start a catering business from home, do a bit
of low cost advertising, and start building a good reputation and
business. He would have no overheads, and wouldn’t have to buy the
food until he had orders, and could probably eliminate the need for a
lot of staff in the beginning. Also, by doing this in his spare time
and evenings, Joe does not have to give up his job until his business
has grown substantially. He can even employ someone from his house to
take over a couple of days a week while he’s at work to fulfill any
orders he has during the week, still keeping his costs low.
Once his income has increased and Joe becomes known as the guy to call
for great food and service, then Joe stands a better chance out there
with the big fish. He can open a small restaurant and catering
business, and as his business grows he can move to bigger premises and
employ more staff.
Now Joe is one example. There are indeed many businesses that start
small like that. I started my own medical transcription business the
same way ten years ago. I have a friend who made the transition to
cleaning business from real estate agent, and ended up employing over
25 people.
Choose a business that will allow you to work in your spare-time and
keep your job, and you have eliminated the risks. This is not
possible in all circumstances, but for the small business person, it’s
the ideal way to go.
There’s going to be some sacrifice in the short term, such as working
extra hours in the week building your business. But those kind of
sacrifices will still allow you to sleep at night and not put you in
the poor house, thereby increasing your chances of success!
Some businesses that are possible this way are:
Handy-man to Full Time Repair and Home Maintenance Service.
All kinds of Home Party Businesses, there are hundreds of them to
chose from.
These can also be turned into full time businesses:
Insurance Broker, Bookkeeper, Seamstress, Party Planner, Typist,
Secretarial Work, Photographer, Copywriter, Proofreader, Tutor, Pet
Groomer, Pet Sitting Service, Home Inspections, Mortgage Broker,
Painter, Florist, Crafters, Graphic Designer, Jewelry Maker, Web
Designer, Interior Designer, Mechanic etc. There are many many more.
Find something you are interested in and think about how you can turn
it into a profitable business – the easy way!
Michele Miller is a home-based business owner and medical
transcriptionist. She is also the author of an Ebook about starting a
medical transcription business from home.
www.medical-transcription-at-home.com