When a person dedicates his life to self-employment, it is one of the most interesting, adventurous, and satisfying experiences he may experience in his lifetime. Here are some steps that will help you make the transition seamlessly:
1. Come Up With a Business Idea:
To develop a business idea that may work, look at your skills, passions and what the market is asking for.
2. Establish a Business Plan:
A detailed business plan should contain your business goals, target market, pricing strategy and marketing plan.
3. Begin Saving Money:
Have enough savings to cater for personal bills and potentially cover any other costs related to the business during its early stages.
4. Test Your Idea:
It could be important not to say good bye to your employer before testing the viability of your concept on a small scale or realizing potential market response.
5. Financial Planning:
Add up start-up costs, expected income and identify funding needs that would last until such time that it becomes profitable.
6. Legal Stipulations and Administrative Set up:
Register your company name with registrar of companies; apply for permits where they are required; open an account with bank especially for this purpose
7. Networking And Relationship Building;
Communicate with freelancers or any kind of individual doing his job independently as well as different clients or even those having information about companies involved in this sphere
