Want to go from employee to entrepreneur?
Maybe you want to have more impact and fulfillment in your life. Or you want to decide how you spend your time, how much money you make, and be your boss.
If so, you’re in the right place.
If you are in a Hurry mode, Grab the opportunity here where I will explain in detail in 2 Hours free masterclass about Entrepreneurship Journey this upcoming sunday.
Today, you’ll learn what it takes to quit your 9-5 job and build a profitable business.
Do you feel stuck and unfulfilled and wish that you were doing something more meaningful?
Maybe a business that would give you more freedom, flexibility, and time to live life as YOU want.
You’re not alone. 36% of the US workforce freelance in some capacity and this number is set to grow. Research also shows that self-employed people are happier than those who work for others.
But you keep thinking:
“What if I fail? Shouldn’t I focus on my job? Am I just wasting my time?”
Here’s the difference between being an employee and an entrepreneur — and why starting a business probably isn’t as risky as you think.
Is it better to be an employee or an entrepreneur?
Before I built my business, I was making good money of 12 lakhs/annum as Sales Manager In Times Education. But even if I seemed to have it all on the outside, I wasn’t happy. I was tired of feeling unfulfilled at a job I didn’t love.
I wanted more out of my life and it wasn’t going to be a 9-to-5 I wasn’t passionate about.
One day, sitting at my desk working on yet another Sales presentation, it hit me…
Is this it? Having to wake up to that buzz buzz buzz alarm every day and drag myself to a job that left me feeling unchallenged and bored.
I saw myself sitting in that same cubicle 5, 10 years from now…
And that’s when I made a decision that had been brewing inside me for some time. I would start my own business.
But I still had my fears.
Wasn’t entrepreneurship a huge risk after failing in my initial 3 businesses?
Wouldn’t I be throwing away all that hard work I had put into building my career?
Why I was afraid of starting my own business
After failing in my 3 businesses, I still daydreamed about breaking free from the 9-5… but not doing anything to make it happen.
After all, I didn’t have a lot of time. I had a busy 9-5 and after a long day at work, I just wanted to come home and take a well-deserved rest instead of having to work even more.
I was scared of failing. I didn’t know any entrepreneurs personally and I wasn’t sure if it was possible. What if I wasted all this time and money and ended up with nothing?
And I didn’t know where to start. There’s so much advice out there on everything you’re “supposed” to do to build a business, and frankly, it’s overwhelming…to say the least.
Fortunately, these are just fears. You can build a business despite them.
When I finally overcame mine, I went to make 1 Crore in sales in 12 months. And today, I’ve built an 8-figure business (and helped other people start their businesses).
The thing is:
Entrepreneurship doesn’t have to be a huge gamble. Here’s how to start a relatively risk-free and profitable business.
How to minimize your risk as an entrepreneur
As an employee, you have a secure and steady paycheck, benefits, and a clear career path ahead of you.
Entrepreneurship, on the other hand, feels like a big risk.
What if you don’t find any clients?
What if no one wants to buy from you?
You don’t even have a business idea, so where would you even start?
If you want to know more, register here.
EMPLOYEE VS ENTREPRENEUR
|A steady salary, but your company decides your income||You have to find your clients, but with the right strategies you can build up systems|
|Steady working hours, sometimes over time but you don’t decide when, how and how much you work||No guarantee of income, but you can grow it as much as you want|
|A clear career path, but you are not fully in control of it||A bigger chance of failure, but you can be decided to start a business on the side, which makes it less risky|
|No Work-Life Balance||Time & Financial Freedom|
Take it from me — I’m incredibly risk-averse.
When I started my business, I felt turned off by all the people talking about how they quit their jobs, burned bridges, and started a business.
I had worked so hard to get to where I was in my career. And I wasn’t going to throw it all away on a business that might turn into something, someday.
That’s why I started my business on the side, to avoid as much risk as possible.
But that’s not all. I also chose to start a business that maximized my chances of quitting my job sooner rather than later.
Why the right business model is the key to success
Because I chose the right business model, I didn’t have to wait for years to get it off the ground.
Instead of creating a physical product, blogging, or founding a tech startup (businesses that take years to build), I focused on selling skills I already had.
I had 10 years of experience in Sales. So I turned my skills into a digital consulting business.
After going through a transformation in 2018, I launched my own digital business and started helping and serving people to become their best version which I call Version 2.0.
Ultimately, I made up more than 1 Cr+ in 12 months. I replaced my annual salary of 12 lakhs per annum with 1 Crore. The risk of quitting a job paid off 🙂
So, as you can see, building a business can be relatively risk-free
What are the benefits of entrepreneurship?
I’m showing this to illustrate what a profitable business can look like. It can mean…
…More impact. (You help people achieve life-long goals.)
…More fulfillment. (Running your show is a lot more fulfilling than sitting through yet another pointless meeting.)
…More flexibility. (You decide when and how you work.)
That’s not to say I snapped my fingers and had a successful business. It took me years to get here and it required lots of work. But it IS possible.
So, how do you build a business, while still in your 9-5?
That’s what we’ll look at next.
First, you need a business model so that you can decide on a business idea.
I briefly mentioned that I chose coaching and digital consulting as my business model because of the many perks it has for people who are in a full-time job.
For this business model, you don’t need a time-consuming and expensive fancy funnel, a website, or even an email list to start building your business.
That’s because people are willing to pay a premium price for one-on-one time with you.
If you instead sell physical products or software, you have to build up your business in a completely different way (it will take you years).
With a few coaching packages sold, you can already replace a big part of your salary. And the more you coach, the more you can charge for your offers.
The best part?
You build your business based on a skill you already have, which means that you can get started today.
How to transition from employee to entrepreneur
It essentially comes down to two steps:
#1: Decide on a business idea
People tend to make this way more complicated than it is. No, you don’t have to come up with the next Facebook or Amazon.
Use skills you already have!
When I started my first online business, I went through a couple of ideas before I landed on a winning idea. And they were all skills I had already mastered.
First, I started teaching people to build powerful morning rituals, (This idea petered out because I realized those morning rituals had played an important role in my transformation journey.)
Then, I started a digital coaching business. At that point, I had achieved several milestones and people were constantly asking me for advice. So, I thought: why not build my business around it?
To use this for yourself, look at what skills you have mastered in your job or outside of it. Maybe you don’t find the perfect idea right away, but by taking steps and testing, you WILL get there.
#2: Start on the side
I can’t emphasize this enough:
Don’t quit your job before you’ve replaced your salary.
Pretty much anyone I’ve worked with who quit their jobs too soon struggled more than those who started their businesses on the side.
Why? Because having a job gives you the security you need to start and grow your business. You don’t need to stress about paying your bills and the decisions you make in your business are SO much better than if you feel pressured.
It does take work but it doesn’t have to take up all your time.
A few hours a week is more than enough to get you started.
I used to schedule my business-building activities during my lunch breaks, in the evenings, and during weekends.
That said, while you now know how to tactically start your business, you also need to master an entrepreneurial mindset. That’s what we’ll look at next.
Something I hear a lot of students say is, “but HOW did you do it? What’s the “secret” to your success?”
A lot of new entrepreneurs think that they have to find a silver bullet strategy and that’s what’s going to make their businesses successful.
But your mindset and beliefs are just as, if not more, important as the strategies you use.
Here’s what I mean.
Mindset shifts for new entrepreneurs
Early on in my business, I used to look around at successful entrepreneurs and think:
“What’s wrong with ME?”
“What do they have that I don’t?”
At first, I assumed they must know some strategies or tactics that I didn’t. And if I just figured out that missing piece, I’d have their success too.
So I learned all the strategies and tactics. I worked on my confidence. I went through every book and training that I could find to identify that one piece I was missing.
Ultimately, I realized what was going on:
The real problem was, that I was doing all the “work” while doubting and questioning myself 24/7: “What if this isn’t possible?”
Well. Turns out it’s very hard to have something if you don’t believe you can have it. Or if you believe it’s got to be harder for you than for anyone else. Because you’re less lucky, smart, worthy, charismatic, or confident.
And with that mindset, here’s what happens even as you do the “work” of building your business…
In the back of your mind, you’re telling yourself, “It’s ok if it doesn’t work out. I still have my job to fall back on.”
And the more you tell yourself that, the more you find yourself thinking that your business dream is just that…a nice dream. That you should get back to the realities of your job and life and responsibilities.
That’s why you need to shift your mindset. To build your business, you need to believe in it and yourself.
How to overcome your fear of starting a business
To even get started building your business, you need to overcome one of the most common fears out there, the fear of starting a business.
Take it from a massive introvert who spent years letting that fear hold her stuck… but then went on to start her first online business and makeover eight figures and replace her salary. (I’m talking about myself, by the way.)
You might be thinking, “What if I fail? Wouldn’t it just be better to focus on getting ahead at my job?”
Early on in my business, I had to call out my fear. I realized, “I could fail. But what’s more important to me — to try and fail or to not try at all and not fail?”
For years, it was more important for me to not try and not fail. But ultimately, I knew that I would regret it more if I didn’t try at all.
Plus, if you think about it, failure is not a stopping point or end destination. It’s part of the journey.
The thing is: any successful entrepreneur has failed. Just take Elon Musk. He was kicked out of his second startup, PayPal. And he almost went bankrupt while building Tesla.
You pretty much can’t avoid failure.
How to build your business faster
By now, we’ve covered a lot.
At this point, many new entrepreneurs ask themselves, “where should I even start?”
I know I did when I was starting my business. At the time, there were no programs for people with a 9-5 who wanted to build a business.
So, I had to learn it all from the ground up. I ended up paying more than 15 lakhs for programs and coaching to learn how to do it all.
You don’t have to go through the same.
Even if you’re trapped behind a desk for 50+ hours a week, you can build a successful business.
The fastest way? Use a tried and true system that gets results.
That’s why I created my program, Employee to Entrepreneur.
It doesn’t just include one piece of the puzzle, but ALL of them. And it’s designed for people who are still in their day jobs and don’t have a ton of time on their hands (you only need a few hours a week).
This is the program that people like Himanshu, Ronak, Tina, Akhil, and countless others have used to go from stuck and unfulfilled to more income, freedom, and control than they ever dreamed possible.
My student’s results speak for themselves.
If you want to know more, grab your seat for FREE MASTERCLASS to get started building your business.