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                  Starting a business while keeping your full-time job is challenging, but it’s also one of the best

ways to discover if you have what it takes to be a true entrepreneur. If you can handle the hard work and

long hours needed to juggle your business, your job and your personal life, you’ll be well prepared for the

demands of running a full-time business. 

How do you know when it’s time to make that transition?

Before you take the leap to full-time entrepreneurship, ask yourself these questions:

Is my business ready? When you wrote your business plan, you set goals you wanted to achieve. 

Common milestones you might use to determine your business’s readiness.

💢 You have developed a new product, produced it and successfully found a market for it.

💢 You have obtained outside financing to take your startup to the next level.

💢 You have more business than you can handle.

💢 You have expanded as far as you can working with freelancers and independent contractors, and need to hire employees.

💢 Your business has reached a certain level of sales. 

Are my operations ready?

Before you quit your job, make sure that you have the following in place:

■  Systems and processes you can use to scale your business

■  Adequate equipment, software and other tools for full-time operation

■   A solid business credit rating and a good relationship with a business banker

■  Professional advisors such as an accountant, attorney and mentor

■  Adequate vendor and supplier relationships to meet the needs of a growing business

WHAT IF…?

■ If you need to devote more time to your business, but also need the income from your job…see if your current employer will hire you as a part-time independent contractor. You’ll still have income, plus the freedom to devote more time to your business.

■ If you need to devote more time to your business, but also need the benefits from your job…see if you can work part time at a level of hours that qualifies you to maintain your benefits.

Am I emotionally and mentally ready?

Take stock of how you and your family feel about your business so far. The challenges of running a full-time business are different than you’ve faced so far, but equally demanding—so don’t expect life to get easier. 

 

 Consider:

💥 Are your personal relationships suffering as a result of your business?

💥Do you have a strong support system of friends, family and mentors to encourage you in your transition?

💥Am I financially ready? Insufficient capital is the number-one reason startup businesses fail. Before leaving the security of your full-time job, make sure your new business is on firm financial footing.

💥Have you put enough money aside from your paychecks to support yourself until you can draw a full-time salary from your business?

💥If you have not yet reached breakeven, do you have enough working capital to keep the business going until you do?

💥Do you need to make any major personal financial moves, such as obtaining a home equity line of credit or refinancing your home?

Do so before you quit your job. It’s harder to do these things when you are self-employed, especially when your business doesn’t yet have a financial track record.

 

 Say Goodbye...and Hello

                    When it’s time to say goodbye to your full-time job, be sure to leave on a positive note. Thank everyone you worked with and stay in touch with your former employer, co-workers and other colleagues.

These valuable contacts may be able to refer you to clients, become clients or serve as references to help you get new business.

Then say hello to your exciting new life as a full-time entrepreneur. You’re the one in control of your destiny now … and your business’s growth is limited only by your imagination, ambition and energy.

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Technical skills you'll need as creator...

 

Skills

           When you are working with clients you are helping them with their biggest financial asset-their home.

This is a huge responsibility that shouldn’t be taken lightly.

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Here are 5 skills you need to master to work safely, legally and confidently as an interior designer…

1.   Knowledge of local building codes, standards + legislation

           These cover things like sizes of rooms, material selection, sustainability requirements etc.

         It is your responsibility to understand the codes that are relevant in your jurisdiction for the type of work you do.

 

 2.   Technical drawing skills

       Technical drawings are accurate, detailed and standardized documents that communicate the specifics of a project. These drawings serve as a crucial bridge between your concept/design and the consultation of space.

       There are set conventions for how these documents are produced which include drafting conventions, materials and finishes Data, title blocks, dimensions, interior and exterior detailing, electrical, plumbing, lighting, joinery detailing, reflected ceiling plans etc.

 

3.   Ability to use a CAD program

       CAD (computer aided design) is a catch all term for any software that can help produce computer-based drawing. Common software in the design and architecture industry includes AutoCAD, SketchUp, Revit and Photoshop (among many others). Each piece of software does something a bit different.

Most designers know how to use at least one of these. Many know how to use all of them.

 

     4.      Leadership and communication skills

             Working with clients can go one or two ways:

            *        The clients dictate their schedule and the way you run your business.

            *        You can be in control of your projects by managing and leading clients successfully.

           *        For your projects to run more like the latter scenario you have to show you’re in control right from the start. This requires confidence, organizational skills, excellent communication and strong leadership skills.

 

 

 5.      Business and marketing skills

      Most designers I meet are confident in their design skills but much less confident I business and marketing.

       One shift I think every designer needs to make is away from thinking of themselves as a designer and towards thinking of themselves as a business person. Until this shift happens your business is likely to be hard to work in, unprofitable and a source of constant stress.

       You also owe it to clients to run a reliably organized and client-focused business.

 

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#content #contentcreator #contentcreation #hobby #hobbytosmallbusiness #smallbusiness #smallbusinessowner #productivitytips #grace #business #businessowner #online #onlinebusinesssuccess #onlinebusinessopportunity #onlineshop #onlinebusinesssuccess #letteragreement #canvas #moodchallengechallenge #interiordesign #freetools #freecreato