How To Become Your Own Boss

How to become your own boss

Becoming your own boss may sound daunting, but it is the best thing that will ever happen to you. There has never been a better time to become your own boss than now. Technology advancement has made doing business so easy in this 21st century. In the UK, nearly over 500,000 people set up their own companies to become their own boss every year, and the number is growing at an alarming rate. What is keeping you from joining the over 414 million self-employed people and the 45 million small businesses in the UK alone let alone globally.

The Size Of Your Start Up

Don’t be deterred by the size of your start-up business. You can also start being your own boss regardless of your age. In fact there are more younger entrepreneurs now than ever before, thanks to the Wobbly, Wibbly, Web (WWW). Mums also find it easier now to work from home whilst looking after the kids at the same time due to the easily available and affordable technology.

Mums are spotting gaps in the market and the over 50’s are surging ahead when it comes to launching new ventures.

This process has given birth to mums entrepreneurs.

Reasons You Need To Become Your Own Boss Today

1. Start-up costs are really low. With as little as £200 or $260, you can have your own business within 24 hours. The basic requirements are internet access and a smart phone or gadget.

2. Affordable technology. For as little as the cost of MacDonald’s meal, you can get access to the internet in a month. You can start an online business, an e-commerce business by selling practically anything on Facebook, Twitter, Ebay and even on LinkedIn these days.
Not forgetting online trading where you can trade in forex, commodities or penny stock. The world is your oyster for online business.

3. Support. This comes in different forms – paid and free. If money is not an issue for you, you can opt for a paid mentorship program where you will pay someone to learn how to make it starting up with minimal risks.

On the other hand, you can also get FREE support from your local government as most now run programs that help startups to succeed and grow. They can even help you with business loan or the funding that your business requires to start or expand.
You will need to join local business networks or Chambers of Commerce in your area.

4. The motivation to succeed. When you start something it is only natural that you want to see it succeed.

These days, most national governments are encouraging and supporting business start-ups and the UK government is not an exception.

Check out the infographic on small business below to determine where you are in your journey to becoming your own boss.

How To Become Your Own Boss

Courtesy photo

Tips For Starting A Business.

1. Before you start, you will need a preliminary preparation (PLAN) to ascertain if your business idea will fail or pass. Here are some things to consider:

  • What are you passionate about?  You can turn your passion to a business idea.
  • Are there markets for this idea of yours?
  • Are people searching for it online?
  • How much will it cost you to begin
  • What do you need to succeed? i.e. your capacity and capability
  • Who are your competitors and what are they doing to succeed?

2. Shout about your new business. Do people know about your new-found love? By keeping quiet about it will not help you or the business. Take advantage of any free online resource, PR, Social Media marketing, to bring your idea into the open.

3. Maintain a steady growth strategy.

  • Make sure that you are continuously improving your activities.
  • Split-test your ideas and know which works and which doesn’t.
  • Scale-up the ideas that work
  • Pay attention to your customers needs.
  • Monitor your performance and note where improvement is needed.

Above all, stay focused and enjoy your new baby. If you are yet to start your own business, I wonder what is keeping you. Perhaps you don’t know where to start? Then get in touch!

Feel FREE to SHARE this information with anyone whom you know will benefit from it by passing the link to the post. If you have any question to ask or anything to add, please do so by leaving your comment below. Don’t forget to follow me on @Lachrystol 


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