We often hear about successful entrepreneurs. Such stories are inspiring but set a very high bar for the rest of us. Many, however, feel they are meant for self-employment and making their own decisions. Take strides toward the goal by considering who is right for self-employment and identifying opportunities to sustain the lifestyle.
6 Routes For Starting a Self-Employment Journey
1. Infinite Time
Those with the entrepreneurial spirit are willing to sacrifice time for the freedom of being their own boss. Some work well beyond forty hours per work to sustain the lifestyle.
If you’re not a person who is willing to pour infinite time toward the effort then it’s not for you. Of course, you don’t need to spend every moment being self-employed, but those who make it are willing to work each day and long hours when it’s needed. It’s different from having a set schedule and salary, and part of why it’s not for everyone.
2. Savings or Investors
Self employment is not a paved road but is quite bumpy for most. Some days the route of self-employment will look dismal and bleak. It’s smart to have savings or investors to lean on through the process, especially the first few years. Otherwise, a failed venture or two could lead to a deflated ego and a drained bank account.
3. Thick Skin
Think of the trajectory of the self-employed as that of a successful salesperson. A star salesperson experiences rejection most of the time; that’s the numbers related to the sales game.
An entrepreneur with little savings and major sensitivity is quickly influenced by disappointed clients, failed partnerships, and weak profits. The self-employed person needs to grow a thick skin and learn to endure financial hardship, fickle clients, and failed ventures.
4. Use an SUV or Truck
One who owns, leases, or rents an SUV or truck has potential to earn money. Start a moving company, transport auto parts, or deliver food.
A larger vehicle means the potential to transport machines, tools, and resources to provide a service and earn money. A landscaping business, for example, requires few machines and the ability to that and workers on site. A car can’t achieve the feat but a truck or SUV sure will.
5. Learn an Advanced Skill
Some skills are learned at home or by using local resources. For instance, you can teach yourself how to code so you can provide freelance services to small to large businesses. Alternatively, learn to blow glass, carve wood, or paint. Artists may exhibit pieces at local art shows, sell them on eBay, or start their own website. Start small, slowly working fewer hours at another job and spending more time doing what you love, will definitely pay you in future .
6. Fulfill a Local Need
Survey your area and fulfill a need. What are the common needs or desires of locals and visitors? In places by the ocean with plenty of tourists, providing surf or beach yoga fulfills a need, want, or curiosity. A historic city could lend an opportunity to those who provide private tours. An area that just went through a series of layoffs could use a service that helps others write resumes and find part-time and full-time jobs.
Author: Sophia Williams