The first step in becoming self-employed is to decide what to do. Where do your interests lie and what particular skills and training you had acquired. Many people use this as an opportunity to re-train and do something completely different with their lives. Maybe even take up a niche or service based business.
Another factor is how much money is there available for investment in the start-up, is there finance or support available and how long can you support yourself before you need to make a profit? A franchise can sometimes be a good opportunity at a time like this, as there is already a business plan and corporate strategy in place. The truth is that 80% of new start ups fail in the first two years. 80% of the 20% that make it are franchises, but it is important to take care to choose the right business before you begin to pump your hard earned resources into the pipe. Some of the answers to these questions may well mean that you have to consider reigning in some of your initial enthusiasm, or perhaps they will mean that you have to really work on putting together a solid business plan to justify getting a business loan.
Choosing what to do and how to start, initially involves identifying a particular interest or skill that you have and then deciding how to market that skill. Sometimes listing those skills and then creating a brand for yourself can be an effective way of marketing yourself and your new business. Putting together good quality stationery, by way of flyers, leaflets, business cards, etc can help in promoting yourself as a professional business rather than as a small scale beginner. It can be a worthwhile investment and the process of putting it all together can also help you to clarify your goals and target market.
Be aware of potential scams. Never send off money to pay for a job and check out what you are looking to get involved in. Get advice. Trust your instinct.
Sometimes looking at small companies that may need part-time expertise in your field can be a good way of getting into the market (Fiverr platform recommended), gaining experience and making connections. You may not want or be able to afford full time staff, but a part time option may be an excellent answer to several problems, whilst getting your foot in some doors and introducing yourself to relevant people.
When you are starting to work from home it is important to create a positive environment for yourself. Take yourself seriously and invest in a proper work station. Several things have to be considered and taken into account. A comfortable office chair is an important investment - you will no doubt be spending a lot of time in it, at least at first. Portable office equipment is useful, as it can be stored away when not being used. A filing system is essential, especially if you are working for different companies like myself or on different projects. Active and dedicated telephone access is vital.
Keeping motivated can be a challenge as working on your own or from home can be lonely at times. Structure each day. Have a routine where you get up, have a shower, get ready for work and then aim to start by a certain time. Proper breaks for coffee or lunch are important, and be sure to use these breaks to get some fresh air if possible, so that you get out of the office (home) for a little while.Stop entertaining unprofitable gues during your working hours in your office (home), treat your working hours strictly official, dress always as if you are going to resume official duty somewhere even though your bedroom might be your office. Don’t work on your bed, it’s a cheer sign of laziness.
Use contacts from your business life to keep up-dated in what is going on in the wider business world. Think of making use of networking opportunities by joining some of the business clubs and associations, looking out for conferences and using the internet (social media connections) to let potential clients know about you and what you have to offer.
Self-esteem can sometimes be hard to maintain, especially if you were in a high powered job and are now starting out again from scratch. Appreciate that it can take time to define your new role and the boundaries at first may feel a little unsure or uneasy (You need a practical mentor here to swim the ocean).
Working from home as well as running a home can sometimes become hard to separate and it may be important to get help at first to allow you to concentrate on getting the new venture off the ground. Sometimes a supportive partner if available will seriously help. Other times it may be worth paying someone to help with the domestic chores so that you can really focus on what you need to be doing with your time.
[Sourc: Amila Oluwagbenga Oluwasegun]
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