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    • How Source Alliance Network automated their payments with American Express

    • How to Get More Done with ChatGPT Business

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    • Running a Business
    • How Source Alliance Network automated their payments with American Express One AP®1 and helped clear the path to growth

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Leadership Skills

5 Ways to Make the Leap from Employee to Entrepreneur

5 Ways to Make the Leap from Employee to Entrepreneur

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Do you have what it takes to make it as an entrepreneur? Although starting a business seems daunting, these tips can help you prepare for your leap into entrepreneurship.
Matt Rissell
May 06, 2016

      Whether you're a recent college graduate or someone who has been in the career field for many years now, few of us are immune to the entrepreneurial itch at one time or another. But many great business ideas never make it beyond the kitchen table—because the task of starting and growing a business seems daunting.

      Often, the key is to start thinking like an entrepreneur—even while you may still be an employee. After all, why not gain as much experience as possible before you set out to stake your own claim?

      With that in mind, here are five ways to stretch out those hamstrings and help prepare for your entrepreneurial leap—right now.

      1. Get your experience today.

      This one's simple: Get a job, any job, and learn everything you can.

      Real work experience, no matter what the job, could give you the skills and savvy you need to save yourself from imminent business doom later on down the road. Nothing beats hands-on, in-the-trenches experience within your chosen industry (and if not your chosen industry, as close as you can get). You're bound to learn more out in the field than any classroom or textbook could ever teach you.

      So, if you get a job lead that you think will give you necessary skills you need to build up your business idea, do whatever it takes to land it. Even if that means taking an internship. You might not be raking in the big bucks as an intern (or someone lower down on the corporate ladder), but you'll ultimately gain a wealth of useful (and priceless) information from other professionals' processes, insights, failures and successes.

      2. Recognize that success breeds success.

      Whatever role you're in, go above and beyond. Don't wait to deliver your best until you're building your own company. Start immediately.

      Entrepreneurs rarely stumble upon success by accident. They work hard, they learn everything they can and they prove time and time again that they're up to the task—no matter what the task may be. And if you want to be successful, you're going to have to strive for greatness, starting right now.

      That “give it your all" attitude will eventually transfer over to how you run your own business—and you'll have cultivated a habit and developed a reputation as someone who doesn't settle for anything less than 100 percent.

      3. Find mentors.

      No matter your chosen path, you want to find the best people you possibly can to guide you on your finances, your professional career, your relationships, your fundraising and the different aspects of your work and life. Seek out those people who have been successful—then use this strategic approach to ask them to mentor you.

      It's vital to find and connect with thought leaders (or anyone who has experience within your industry) and learn from them. Mentors provide a treasure map for would-be entrepreneurs who are forging new frontiers. They can help you navigate the tumultuous entrepreneurial path, when you choose to embark upon it.

      Fortunately, in the digital age, finding a mentor is easier than ever. Even a long-distance or one-sided advisor can work wonders on your future outlook and entrepreneurial capabilities. 

      4. Lay the right foundation.

      A building needs a strong foundation before anything else, and the same goes for your startup. That means outlining business and marketing plans, developing a strong product or service with clear positioning and creating funding strategies for lean and lush times (because you will experience both, believe me). And setting that foundation is no easy task, and when it's all done and in place, you have to go all in. You have to risk it all. Which is why that foundation needs to be sound.

      5. Change your attitude, change your life.

      Your attitude can make or break you. It can determine the trajectory of your entire life. Unfortunately, some people are simply hard wired with a negative attitude—or it was ingrained early on. If this sounds like you, it's time to consider a serious attitude overhaul. Be curious about what it takes to develop a winning attitude—because if and when you do choose to start that dream business, a positive attitude is the most important thing that will help you make it reality.

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