In this land of opportunity, there is sometimes adversity.
What’s the solution? Plan B.
If you are ready to start-up a business until you find another job or take on a few freelance assignments while looking for a job–plan ahead.
Plan B can work for you. First, surround yourself with great people. Colleagues who believe in you and who can encourage your success. Your network of contacts who can be potential referral sources. And, mentors to guide you on successful first steps.
1. Decide up front is this a short term path or long-term future.
2. Form a business, even a sole proprietorship. It helps when managing your taxes.
3. On one page define your business vision, sales goal, net earnings (income for you after expenses) and how you are going to secure those sales.
4. Meet with a mentor to review your plan. Identify expenses and set sales targets. Get feedback. Ask questions to help you hone your plan.
Talk over your idea. Think about your business direction. Map out a plan of action. Get advice, feedback and support Get a SCORE mentor.
One of the best parts about becoming a business owner is the “freedom”. We take the leap of faith with dreams of flexible work schedules, executive decisions, self-dictated income and freedom from the shackles of reporting for duty at someone else’s beck and call. The only thing we think we’ll miss is the steady paycheck and the group health insurance. But what many will find after a period of time is that the days are typically longer, pay is lower, less steady and freedom has its price. This is normal when you’re a start-up.
What many of us don’t anticipate is how little we appreciated the interaction with peers – the sense of community that comes with being a member of something bigger with other people. Sole-ownership can lead to the sense of living on an island and as humans and specifically women, we are inherently social beings. Business ownership can be counter-intuitive to what makes us feel connected.
So where should you begin to find your tribe? As business owners, we’re chiefs of our own tribes, to find a group to belong to is the exact opposite of business ownership. But as members of a community, it’s critical that we play both leader in our own domains as well as team player in the big community sandbox. As a woman does it make more sense to join a local chamber of commerce or a women’s business organization? What about the multiple women’s networking or peer groups? The options for women are endless and every day there’s a new group of women, matrons, mavens, ladies, broads, you name it – they’re out there.