Making the leap from corporate life to entrepreneurial life
This blog post from SCORE (which stands for Service Corps of Retired Executives) highlights eight points to ponder when considering whether to turn your side hustle into a full time business. Specifically, the piece mentions the importance of considering what automation tools you will use to help you scale efficiently (for tasks like scheduling, accounting, inventory, etc) as well as considerations about your marketing plan and customer base. Check out the blog post for more tips!
Owning your own business offers flexibility, creative freedom, and unlimited income potential. Lacking financial resources doesn’t mean you are out of luck! According to this article in Forbes, it is possible to still start a business with limited funds. no money. Some tips from the article include: keep your day job while working on your business during your free time, choose a business idea that doesn’t require upfront capital (such as freelance writing, virtual assisting, or social media management), scale up gradually, and utilize free resources and networking opportunities. Check out the link to the article to read more!
This October 2022 article from Fast Company explores the topic “How To Find A Job That Energizes You Rather Than Drains You”. The author shares that while many people are in situations where they may not have the luxury of being particular about what job they have, if you are fortunate enough to have flexibility in your career path, you should seek tasks in your job that fill you with energy. He goes on to state that finding that energy might not require a radical change, like quitting your job. Instead, it might simply involve a conversation with a manager about ways to change up tasks and projects – or you could look outside your full time job for an activity or side gig that excites you.
Patrina Dixon, author of It’$ My Money and graduate of the Women’s Entrepreneurship Certificate program at Cornell was recently featured in this article in Business Insider.
In this piece, she shares her thoughts on how to generate side income. Specifically, she states the importance of determining your existing skills, experimenting with different opportunities for growth and outlining income streams that best work for you and your needs. Keep up the amazing work, Patrina!
This recent piece in Entrepreneur entitled “How to Accelerate Your Success as a Female Founder” shares that there are basically two steps to starting a business: doing something to get the ball rolling, and then saying, “I’m doing this.” The article states that many female entrepreneurs struggle with the second part and provides ideas on how to get unstuck and feel more comfortable with self promotion.
This interview in Medium is one of a series entitled “Second Chapters: How I Reinvented Myself in the Second Chapter of My Life.” In this piece, Michelle Tunno Buelow shares stories from her journey to found and launch Bella Tunno. Bella Tunno is a baby accessory brand on a mission to end childhood hunger. For every product sold, Bella Tunno donates at least one meal to a hungry child. To date, Bella Tunno has donated more than 5.5 million meals.
In the interview, Michelle Tunno Buelow shares the importance of finding and embracing your purpose in life. She also outlines some key attributes that have enabled her to succeed as an entrepreneurs: her resilience, ability to be comfortable with the uncomfortable and overall scrappiness. She discusses her battles with imposter syndrome as well as the importance of being able to “fail forward”. Wonderful lessons and insights from an inspirational entrepreneur!
This article from Inc. highlights the concept of the 70-20-10 rule. The meaning behind this rule is that with whatever you are working to produce – be it something artistic or a product or a service – 70 percent of your attempts will be mediocre, 20 percent will be poor, and 10 percent will be amazing. The key takeaway is that the only way to get better at something isn’t to sit and stare at the blank piece of paper waiting for the perfect idea or to try to research every last thing before starting, but rather to roll up your sleeves and do it! The more you try, the more results you will end up having in that 10% amazing bucket!
According to this article from Time, in December 2020, America lost over 140,000 jobs – and all those jobs belonged to women. It’s no surprise, that the Washington Post just reported that this has likely been partially responsible for the “pandemic-fueled rise in female entrepreneurship”. This Post piece highlights stories of women who either saw changes in the economic landscape that encouraged them to launch their ventures or were forced to pivot and turn to entrepreneurship because of job losses and stay-at-home orders.
Most entrepreneurs don’t begin their professional life that way. Most people who launch their own business have actually spent some time working in a professional setting for someone else. How do you know if you are ready to take the leap and start your own endeavor? This 2017 article from Forbes has some good tips to consider.