Thinking about escaping the rate race? Hate your job? Hate your boss? Looking for freedom and more money? These are all great reasons for a change, but if they are reactionary and don’t come from a ‘positive place’ your motivation may need a re-think….
I hate my boss. The number one reason employees quit their job is because they don’t get on with or respect their boss. If this is the main driver for your business launch, you would do well to remember that in most cases the buck also stops with your boss. If you have seen a creative way or learned how to do things in better way than your boss and are prepared for the buck to stop with you. Then your motives are coming from a positive place.
I hate my job. Try to analyse the reasons you dislike your job. Perhaps you dislike mundane activities, or feel you are not making good use of your skills. Maybe you dream of doing something more meaningful. Before you jump ask yourself: Am I really going to feel any different about my work if I go freelance? Would it make sense for me to find my passion whilst picking up a regular pay cheque? If you have done some market analysis and can make money from your dream then do it!
I want to work less hours. Think again. You will more likely need to work harder to get you and your brand recognised and win more clients. You will also lose the plethora of support functions that you may take for granted in the corporate world. Do you have the skills necessary to replicate them, or can you learn how to multi-task pretty sharpish? If not, you will need to source alternatives and learn how to manage supplier relationships. Make no mistake, these activities will increase, not reduce your workload. But, if you can see the big picture, are willing to step out of your comfort zone, learn and put in those crucial hours, you may be ready.
I want to work from home? Perhaps you long to escape the daily commute and work from home. Ask yourself if your home environment is conducive to productivity. It’s all well and good working from home a few days each month, but how self-motivated would you be if this was your only workplace? Could you handle limited social interaction with peers and conversely can you limit personal interruptions from family and friends? Why not try to negotiate with your employer to increase your home working days now? Then you can try a ‘practice run’ from home and at the same time test cheap or free alternatives: coffee shop, library, hot desking, community space.
I want to make more money. You may feel your earnings are restricted whilst you are on the payroll, especially if you are on a commission scheme. But before making the jump, be sure you really understand what revenue and cash flow means and that you have enough to deal with the unexpected. Running your own business can be a gateway to increasing your earnings, but in the early stages you must be prepared to sacrifice income and security. A realistic business plan, preferably validated by an objective 3rd party expert, is essential.
Liz Kilford’s career has spanned HR, Training and Recruitment in the last 20 years: from working as an HR Manager for corporate blue chips, building an HR business unit for a boutique recruitment firm and supporting some 100+ individuals to launch their own recruitment business, through a franchised platform. Now Managing Director of Networks 3R, Liz together with her business partners has launched an accessible and flexible platform to give you everything you need for a successful recruitment business. Operating your own recruitment business with a brand that not only reflects your industry, but your personal and professional values can give you the lifestyle choices you desire now, whilst creating a capital asset for your future.
For confidential recruitment business start-up advice contact:
Liz Kilford, Managing Director, Networks 3R, 0044 203 291 3827,email@example.com