What entrepreneurs should know before leaving their jobs

If there is a time to turn a “side hustle” into full-time job, it has to be 2017. After all, not only is more startup money available given the proliferation of sources, such money is still relatively inexpensive.   Nevertheless, access to startup capital is not the only hurdle that entrepreneurs will have to clear on the road to success.  

This post will offer some helpful tips for entrepreneurs who aspire to transition from a w-2 job to their own business. 

Be a voracious reader – As an entrepreneur, your learning curve may be quite steep since you have know be knowledgeable about every aspect of your business. So cultivating your knowledge base is essential. Reading about different aspects of your business will help in this.

Continually improve your network – The old adage “it’s not what you know, it’s who you know” still applies today. So continually improving your network is essential because it allows for more people to learn about your services or products.

Find out about business incubators – The appropriate business incubator can help you experiment and learn more about what will make your business successful in a controlled environment. This can be helpful because you can limit harmful mistakes as you get to know your customer base and what their likes and dislikes will be.  

If you have additional questions about the legal aspects of your business, an experienced business law attorney can advise you.

The preceding is for informational purposes only and does not create an attorney-client relationship. 

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