Worried About Going Solo? Here’s What To Do
When you want to go into business for yourself, it can be scary to actually make it happen.
Even when you’ve been thinking about doing your own thing for awhile, it’s not always easy to make the leap. Because leaving the comfort of employment to go freelance can be a big deal. What if it doesn’t work out? What if you don’t make any money? What if you aren’t happy? There’s a lot of negative thoughts that can go through your mind at times like this, but you have to try and with against them. Well, if you really want to do this, that is. It’s natural for you to be afraid of the unknown, but there are so many benefits that come with working for yourself, that you’ll often want to give it a shot. And to do that, you need to be in the best possible position.
1. Brand Yourself
First of all, you’re going to want to make sure that you brand yourself. Think about it. When people buy from businesses, a lot of the time, they’re buying into the brand. Even when you have a role model or an idol (whether they’re in the business world or not), they’ll often have a really strong brand around them. So why not brand yourself? Think about how you want to be seen as an entrepreneur or a business entity, and get some really strong branding in place right from the start.
2. Build That Client Base First
Then, from here, you’re going to want to make sure that you’re building up a solid client base. Don’t just wait until you have this in place or until you’re at that point. Save the excuses and just get started. Think about reaching out to new customers, and focus on sending out pitches every single day, or spending whole days a week doing it. Make sure that you’re doing as much as you can to build up clients as soon as possible.
3. Go Under An Umbrella
If you’re really worried about the financial implications that go with being self-employed, then go under and umbrella. With a contractor umbrella, you’ll be able to be technically ‘employed’ and you’ll get ‘paid’ via PAYE. Although you are still your own boss, you set your own work hours, and you choose your clients, being under an umbrella means you don’t have to deal with invoicing, chasing money, or HMRC; it’s done for you. So you’ll often feel more comfortable.
4. Save Up
From here, you’re then going to want to get some savings in place. If you know that you’re worried about this not working out, or where your money will come from, you need to have money behind you. So build a nest egg.
5. Believe In Yourself
But if you can’t believe in yourself, you will struggle to make this work. So it’s going to be important for you to have faith, be confident, and just know that you’ll do what it takes to find success with your solo venture.