Are you sitting in your cubicle daydreaming of escaping the corporate grind to start your own business? Do you play with different ideas, but struggle to find one that could actually make you a living?
We’re here to tell you that you are overthinking it. Here are three tips to help you leverage what you love into a new path.
#1. Side-launch or side hustle
More often than not, it’s beneficial to keep your day job when you first start out. You don’t want to put everything on the line, because new endeavors are often filled with uncertainty. You should start small by building confidence, knowledge, and experience before you go all-in. If you quit your job based on your passion, you may put yourself in a vulnerable position.
Take your time. It’s important to properly vet the market for the product or service you are offering. Be sure your idea solves a problem and/or adds value. You want to offer something that is indispensable. Make sure there are enough people out there who need your product or service and that they are willing to pay for it.
Start by focusing on your potential business at night and on the weekends. See how it grows and develops. When you start small, you have the opportunity to see if this is truly something you enjoy. You don’t want to drain your savings account, only to find out that your business isn’t something you actually like doing.
#2. Treat it like a Business
When starting your own business, it can be hard to stay motivated and organized. Unlike the typical 9-to-5, entrepreneurs setting off on their own don’t have anyone telling them what to do or when to do it. It’s also easy to lose focus and forget to prioritize your side hustle when it’s not yet making you money.
It’s important to treat your new endeavor as a professional business right from the start. Set yourself a work schedule with weekly goals, just as you would in your day job. When interacting with customers and clients, ensure you act professionally.
#3. Launch platforms
There was once a time when, in order to launch a business, you had to have a physical brick-and-mortar location (especially for retail operations). But having a physical location often comes with a high price tag that can be daunting for startups. Now, however, there are a number of tools available for entrepreneurs that will allow you to reach consumers without high startup costs.
These online tools can help you do everything from advertising your business inexpensively to connecting with new clients. But one of the greatest benefits of online tools is being able to sell products at minimal cost. Websites like Etsy, Amazon, Shopify, and eBay let you sell your products without first having to build your own e-commerce website.