In this episode Kevin and I discuss starting small, knowing the value of your time. Other miscellaneous topics include documenting business processes and farmers as entrepreneurs, hand crafted products that complete the customer versus mass-produced products. Ops – Document the things that you do in your business. A real life example.
Start with small initiatives
Often we think that large is the best route to get started – for example A dressmaker goes out and borrows money and opening a storefront may mean that you are in business but wouldn’t sewing three dresses and placing them in an online marketing place such as Esty (a marketplace for creators) be a quicker and easier way to start.
Blog, Facebook page, Esty page, attend a farmers market
This week Kevin and I discuss what society says success looks like versus what it looks like in our lives. We also discuss dealing with financials when you are making the transition from the day job into entrepreneurship.
Note: This audio was a little choppy in this episode. We are working at improving it and it should be better next week.
Some of the detail:
The myth of making a smooth transition.
Identifying what you will really need to reach revenue.
Savings can helps
Actions and notes
Success is what you determine that it to be and not someone else.
Building a fulltime business of your own while only giving part time effort to it is not as common as you think.
Leveraging your retirement savings as a supplement during your transition.
Determine what you really need to live on if you were no longer in your job.
Get with your HR department and become familiar with your retirement savings balances.