Thinking in making the big jump?
These are the main differences between being an Employee and becoming an Entrepreneur/Business Owner.
You have a great idea. You have the experience. You have the connection. You are ready to make the big jump! However, making the shift from the steady life of an employee to the volatile world of being an entrepreneur requires a complete shift in mindset. What this means is that some of the approaches and ways you work will be different when you become a business owner. These are some of them:
Done is better than perfect
As an employee you had access to lots of resources and perhaps time to make a task perfect.
This will change in a small business. Waiting to launch a product or idea until it is perfect and every detail is totally finished becomes a liability. This will slow you down, and a small business needs to move and adapt as quickly as possible. You will need to do priority pojects and tasks that work. After they are released you can start tweaking them so that they work better.
A phrase that sums this point up is: READY. FIRE. AIM.
As an employee you need to be show that you are reliable, a DO person and most importantly, a team player. This means that you are saying YES most of the time (even if you don’t agree with your boss or colleagues).
This approach will change completely as a business owner. As an entrepreneur you need to fully focus and work towards your priorities. What this means is that you will have to say NO to anything not focus towards this aim. You cannot continue following other people’s wishes.
Get rid of your ego
As an employee there are people doing all the other jobs.
As a small business owner you will have to do all sorts of jobs. From sales person, to accounting, to marketing, to helpdesk, and finally to being the office cleaner. You cannot afford having an ego. You need to feel comfortable doing all these tasks.
Being socially isolated
As an employee you are constantly surrounded by people. You will go on coffee breaks, and you will be able to interact with all your colleagues on a constant basis.
Many entrepreneurs find this specific point very hard to deal with because you will be on your own when you are starting your business. You will need to find creative ways to socialise on a daily basis. Perhaps making coffee or lunch appointments, Meeting with people at their offices and having face to face meetings as much as possible (instead of having phone conversations). Another solution could be to find a shared office where you will be able to meet other entrepreneurs like yourself.
Working long hours
As an employee you are used to working from 9-5. You are out of the office by 5:01 (or even earlier sometimes).
A reality of the typical entrepreneur is that you will not have a proper schedule. You will work long hours. You will work on weekends.
This is why it is so important that you do what you love. When you love what you do, you will not feel like you are working. You are in fact building your dream.
At the same time you need to control your day as much as possible. You need to create a clear division between your working life and your personal life. The best thing is to stick to a schedule.
Continue waking up early and starting to work early. Take one hour breaks for lunch. Try to finish work after 8-9 hours of work (you will work better when you are well rested). If you have a family this is very important as they still need your attention.
Only you can decide what kind of schedule is best for your business and your life.