The employee to entrepreneur transition: top 7 tips » SMEInsider

The employee to entrepreneur transition: top 7 tips

Making the shift from full-time employee to the unpredictable world of entrepreneurship requires a shift in mindset that many overlook.

Check out these seven tips for adjusting to life as an entrepreneur:

1. Learn to say no. Agreeing to do everything that comes along isn’t possible. Stick to your main priorities.

2. Forget about perfection. A startup doesn’t have the resources to get something to perfect.

3. Be prepared to work long hours. The typical entrepreneur often finds they need to work longer and more flexible hours than back at the office.

4. Get ready to take on different roles. You’ll be on your own, so doing your own accounting one hour and marketing the next.

5. Cope with the social isolation. Working alone can be a shock to the system, particularly if you’re working from home. To combat this, keep in touch with former colleagues, work from a coffee shop or find a shared office.

6. Stick to a schedule. Being your own boss does not mean lie-ins every day and long lunches. Create a schedule and get things done.

7. Create an entrepreneur fund. This will act as a safety net so you don’t have to worry about money for the first few months, whilst you’re starting out.