How to go from employee to employer in 6 steps

The journey from employee to employer does not happen over night. Whether you’re climbing the ladder from employee to CEO in the same company through promotions or starting your own business from scratch, this journey requires deliberate entrepreneurial growth and professional development.

1. Upskill
Consider enrolling in a business management course or an entrepreneurship course to expand your qualifications and refine your skills as a leader in your industry. You can do this while you’re still an employee. Distance learning makes it possible for you to study while you work.

Have a look at the following 6 Courses that Will Help You Become a Successful Entrepreneur.

2. Learn from your experience
Go the extra mile and learn all you can about every aspect of the company you’re currently working for before you leave and start your own. Ask for more responsibility, find a mentor, and volunteer to get involved in extra projects and tasks. Learn where your current employer could improve, where your company is going wrong, and what they’re doing right –absorb it all.

3. Find a gap in the market
It all starts with a business idea. While big, fresh ideas are great, the market is also exceptionally important. When you’re setting up your start-up, remember to do your industry research. Know who your competitors and target market are and whether there’s any growth in your industry. Do your homework beforehand so that you can position your idea in the current context. How marketable is it? Is it unique in some way? Is there a demand for it?

4. Draw up a business plan
Starting your own business and being an entrepreneur means you will have to become financially savvy in order to protect yourself. You will need to determine how much capital you’ll need to cover initial costs. Ask yourself what your main expenses will be and draw up a budget. It might be worthwhile to consult an accountant or to learn some basic bookkeeping skills.

Click here to read: 10 Tips for Writing the Best Business Plan

5. Secure funding
There are many funding options available for start-up businesses. You just need to find the one that’s right for you. They range from bank loans, grants and venture capital to competition platforms and crowdfunding options such as Kickstarter.

For more information on these and similar options, please read 8 Tips for Securing Finance for Your Small Business.

6. Build your digital footprint
Advertising in the digital age is all about target market and accessibility. Build a professional and user-friendly website. Outsource if it’s preferable.

You also can’t overlook the importance of a powerful social media presence on all the relevant platforms. Decide on a brand, name and image that truly embody the character of your company – this is a process that should not be rushed.

If you want to go from employee to employer, you need determination. It’s about refining your unique and marketable business idea, gaining knowledge from all your prior work experience, looking at funding opportunities and being sustainable.

To all the aspirational entrepreneurs out there, we wish you the best of luck. Dream big and work hard.

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