Tips on entrepreneurship @ Reward Me

Are you a wage slave?

The world is full of freelancers, consultants and entrepreneurs and it seems nobody has a boss any more. But how do you break free from corporate life?

It’s all very exciting for anyone who fancies going out on their own, but how do ordinary people with mortgages and children’s education to plan for, people who might not consider themselves entrepreneurs, make the transition from being wage slaves?

Take it step by step

You don’t need to be an inventor. Steve Jobs didn’t invent anything, he simply recognised the potential of what others invented, and did it better.

Connect with trends

Sign up for free international online newsletters and see what others are doing. Also, look for seminars and conferences that relate to what you’d like to do, and attend as many as you can. It’s a great way of getting a deep understanding of the world you’re entering, and great for networking.

Plan properly

A business plan is essential to obtain financing, and to provide a roadmap for your business. Vitally, it’s about getting your head right about what you want to do, and how you’re going to do it. A business plan should include an analysis of your USP (unique selling point), a competitor analysis, and a thorough exploration of who your stakeholders are. These can’t be superficial. Give it lots of thought, and chat to others as you put these analyses in place. Along the way you’ll find your headspace swinging around to really understanding your new world.


Alerting the potential buyer to the service you offer or the product you’ve made is critical. There are myriad ways of marketing, from online social networking (free) to hiring professionals to do it for you (pretty pricey). What’s effective depends on what your offering is. That’s why competitor analysis is interesting – what marketing are they doing? And your USP? What’s your message, and how do you make it compelling for your target customer? Get on top of this, and you’re likely to be more successful than most who strike out on their own.


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Do the prep

Some people find it easier to make the transition through establishing their own business. If that’s your plan, find a good bookkeeper, who understands small businesses and can help you with the transition and the paperwork, from registering your business to putting the appropriate contracts and taxation protocols in place.

Time management skills

The biggest challenge is to know when to stop working. But equally, many people struggle with a lack of external structure. If this is you, know that you’ll need to set strict parameters for yourself, because in the free-lance world, no work means no money. Self- knowledge is critical to your success.

People don’t judge a book by its cover

Don’t get distracted by interactive websites and embossed cards. Business comes first; window dressing follows. If your focus does not reflect that, you need to think hard about whether you’re really ready, or whether you’re simply dazzled by the idea of being your own boss. It’s enough, initially to establish a clear visual identity by using the same colours and typefaces on anything that will be seen by the public, like your website and business cards.

Final word

You can build a business working on it part-time. It’s amazing how much you can get done in the evenings and over weekends. If possible, scale down your formal job and cut your cost of living to clear space and time to devote to growing your own business. Over a period of months or even a couple of years, you can build up the confidence to kick off into the middle of the pool!

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Its a nice article

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very nice its very good

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good article.

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