If you’re sitting at your 9-to-5 desk job, signing yet another card for National Boss’s Day while daydreaming about what you could actually be doing with your career, maybe it’s time for a change.
Maybe this should be the last Boss’s Day you honor someone else. Maybe it’s time to start your own business and be your own boss.
In the U.S., you wouldn’t be alone with that thought. According to the 2018 Amway Global Entrepreneurship Report (AGER), 57 percent of U.S. respondents expressed a desire to be an entrepreneur and 60 percent believe they have what it takes to make that happen.
In today’s world of ever-advancing technology allowing people to set up an “office” anywhere from the beach to the basement, being an entrepreneur has never been more possible.
That said, becoming your own boss is not easy. It takes courage, a sense of direction, passion and determination. Think you have what it takes? Consider the following:
Explore your options
Whether you’re thinking about launching an online business, taking on a direct selling business or freelancing your skills, ask yourself some questions:
- Are you passionate about it?
- Are you good at it?
- Can you monetize it?
- How will you stand out from competitors?
Making sure you have the right answers to each of those questions will help set you up for success.
Create a business plan
Winging it may work for your weekend plans, but if you’re serious about starting a business, you need to have a plan of action.
Create a business plan and use it as the foundation to launch your venture. Start with an objective of what you’re trying to do, figure out what resources you will need and how you can get them, and try to plan for any obstacles that could pop up.
Essentially, think of everything that needs to happen in order to make your business idea a reality, and write it down. Of course the plan can and probably will change, but you have to start somewhere.
Don’t fear failure
Once you have a plan, stay optimistic and recognize that failing along the way is part of the journey. Amway President Doug DeVos recently told a reporter that he considered failure a badge of honor.
“I fail every day; there’s no getting around it,” he said. “If we’re not failing, we’re not trying.”
When you approach a new venture without fear of failing, you are in a good position to become your own boss.
Entrepreneurship doesn’t always come naturally. In fact, 63% of the 43,000 men and women surveyed in AGER 2016 said they believed entrepreneurship could be taught and learned. With so many resources available online, you should find ample information to prepare you to make the entrepreneurial leap.
And, depending on what type of business you want to launch, you might find training and support tailored to you. For example, Amway™ offers its Independent Business Owners more than 90 online video courses available in five languages to help them launch and grow their businesses.
Execute with confidence
Once you have asked yourself the tough questions, written a business plan and done your research, it’s time to go for it.
Execute your plan with confidence, but be ready to adapt and keep your mind open to new opportunities. Confidence is contagious. When others see that you are working toward something you believe in, they will be more likely to believe in you, too. And that support is a key factor in your success.
Have you recently taken the bold step to become your own boss? Are you celebrating your first Boss’s Day? What advice do you have to add? Leave a comment and let us know!