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Originally Posted by mustard76  I'd like to hear from people who have made the transition from employee to entrepreneur/business owner. I'm currently making this transition and I'd like to know what to expect and how to prepare myself.
I'm interested in learning about the attitude adjustments required, how you funded your business, how you managed your personal finances, how the transition affected your personal relationships, how you motivated yourself and any other problems you faced. What would you have done differently? |
Heh heh ... I've made this transition several times now... I spent most of my life as a mental health nurse, before quitting to join some colleagues setting up a recruitment company back in '99... fell apart badly (1st lesson, ensure such moves are initiated and maintaned by self!!! 2nd lesson, there is no failure, only feedback) to the point where I have only just finished suing the buggers for money they owed me
After that, my wife and I set up our own recruitment company just to prove that we could do it ethically and with our ideas... went from start up to £300,000 a year turnover in 12 months. We then closed it down (3rd lesson... if your going to dedicate your life 24/7 to something, make damned sure it is something you enjoy and ain't going to wreck your family) and I went back to nursing for a while... our accountant was in tears LOL
I am now nursing (sic) several income streams... hypnotherapy practice, selling my hypnosis sessions online, utilising the programming skills I developed in building my site by doing similar for others... I have two residual income streams paying of my existing debts and am planning more
What can I say? Hold your nose and jump... it is an abundant universe out there... consider the lilies... listen to your fears (they tell you what to pay attention to) but follow the dreams