For many, a nine-to-five job provides stability and a reliable source of income. However, in the current economic climate, entrepreneurship may be a more secure path towards financial independence. Greg Marchese, owner of Prestige Real Estate Group, made the transition from employee to entrepreneur in 2013 and has since inspired many others to do the same. Here are some tips to help you get started on your own journey to becoming a successful business owner:
Prepare for a Financial Hit
Making the switch from a stable job to self-employment is not easy. Most people cannot create a profitable business while still working full-time. This means that you will have to make a choice between returning to traditional employment or pursuing your dream of starting your own business.
“When you leave your job, it’s almost certain that you will experience some financial difficulties,” warns Marchese. “It’s hard to build a successful company while still tied to a nine-to-five schedule.”
As an entrepreneurially-minded person, you should choose to pursue your business ambitions and find other ways to make ends meet, such as part-time work.Greg Marchese
Many people turn to the security of a 9-5 job for a steady income, but what if you could create your own sustainable living instead? Greg made the leap from traditional employment to entrepreneurship in 2013 and hasn’t looked back since. Here are his tips for aspiring business owners:
Prepare for the short-term
Leaving a stable job to pursue your own business is a risk, but the potential rewards are worth it. Be prepared for lean periods in the beginning as you build up your company without the safety net of a guaranteed salary. The choice may come down to going back to traditional employment to pay the bills or taking a chance on your dream.
Disrupt your industry
To stand out in your industry, you need to think outside the box. Learning everything you can behind the scenes will enable you to launch your business idea faster and make an impact. The key is to disrupt the industry and be seen as a game-changer.
Build your reputation
Building trust and credibility is crucial to the success of any business. You can achieve this through public relations and consistent positive consumer experiences. It’s important to stick with it, even through the lows, as this will build experience and increase credibility over time.
Marchese’s advice highlights the importance of taking risks, being innovative, and building a solid reputation in order to succeed as an entrepreneur. With these tips in mind, anyone can go from the 9-5 grind to owning their own business.