She Strengthens

Breaking Free from the Cubicle: A Guide to Becoming Your Own Boss

The world of work is changing rapidly. By 2020, it’s estimated that a staggering 40% of American workers will be self-employed freelancers. This shift presents an exciting opportunity for individuals to take control of their careers and become their own bosses.

Is Self-Employment Right for You?

Before making the leap, it’s essential to do some soul-searching. Consider your personality, work habits, and lifestyle. Ask yourself:

• What does being my own boss mean for my career satisfaction and financial situation?
• Do I have what it takes to succeed as a business owner?
• Is my current job holding me back, or is it just not the right fit?

Laying the Groundwork

To set yourself up for success, you’ll need to do your research in three key areas:

1. Self-employment basics: Educate yourself on what it means to be a business owner, including career advancement, financial implications, and tax responsibilities.
2. Industry insights: Identify who makes money doing what you want to do and how they do it. Will you offer services related to your current career or try something new?
3. Market research: Understand your target audience and how to reach them.

Take your time to gather this information, and you’ll be well-equipped to make an informed decision about becoming your own boss.

Setting Up Shop

Once you’ve decided to take the plunge, it’s time to set up your business. This includes:

• Polishing your resume to focus on your new services
• Creating a website (even if it’s just a free service to start)
• Investing in necessary equipment

Remember, it’s okay to start small and plan for expansion in the future.

Transitioning to Self-Employment

To ensure a smooth transition, follow these steps:

1. Test the waters: Start making money with your new venture on nights and weekends while still working your day job.
2. Build your safety net: Save money, make new contacts, and build your portfolio.
3. Plan your escape route: Once you’ve seen success, start planning your transition out of your regular job.

Growing Your Business

As you become more comfortable in your new role, continue to expand your business and learn all you can about your industry. With careful planning and execution, you’ll be well on your way to breaking free from the cubicle and becoming your own boss.