How To Become Your Own Boss

Many people who are sick and tired of the daily grind of working a 9 to 5 job dream of being able to quit one day and becoming self-employed. Whilst it’s good to have a dream, an important question to ask oneself is “How to become your own boss?” and also have an action plan to make it happen.

For a long time, we have been taught in school and told by our parents that we should study hard and get a good job after graduation, and so that’s what most people would have done. However, not everybody is cut out for a 9 to 5 job. Many people who have experienced losing their jobs suddenly during times of recession are deciding to take their future into their own hands and become their own bosses and work for themselves rather than working for a company.

The Boss is Always RightAre you someone who dreams of starting a business and becoming your own boss?

What self-employment entails is to have the ability to generate income directly from customers, clients or other organizations as opposed to being an employee. Some people are fortunate to have an inborn entrepreneurial spirit but some develop into successful entrepreneurs through forced circumstances such as redundancy or personal situations that put them in disadvantaged positions for employment.

Regardless of the stimulus, as long as you have been born with a talent or have the ability to learn a skill, you can become an entrepreneur and start a business by offering a service based on your talent or skill.

What is an entrepreneur?

An entrepreneur is someone who plans, manages, and assumes the risks of a business or enterprise. Basically, this means that if you have a creative idea or initiative and are willing to take action steps to make it happen while considering the risks, you become an entrepreneur.

When is the best time to leave a day job and start your own business?

Launching your own business is one of the most rewarding and fulfilling things you can do. And while thoughtful risk-taking is something to be encouraged, it’s important to keep in mind that most new businesses fail within the first year and a half. So before you give up the security of a steady paycheck, you need to be as sure as possible that the risk is worth it. An ideal situation would be to build your business in your free time and start earning some income before quitting your job.

Can anyone become an entrepreneur?

These are some desirable character traits that entrepreneurs should have:

Courage

No business is guaranteed to succeed. Fear of the unknown is what keeps many people in their job rather than taking the leap to focus full time on their own business. It helps when we have the support and security as a safety net to allow us to pursue our dreams. But when we don’t have that, and have a dire need to survive in times of adversity, the environment stimulates entrepreneurial activity in the form of hustling.

Passion

Turning an idea into a successful enterprise requires a lot of hard work. In order to have the drive to put in effort in a business start-up, it is key that your business is an area that you’re passionate about.

Support

Young entrepreneurs require an environment in which to be nurtured and a culture to inspire creativity, innovation, collaboration and a knowing that great things are possible. One of the greatest things about being an entrepreneur is that each new day brings new possibilities.

Creativity

Be creative, and believe that you have something to offer the world to make it a better place.

Dare to take a challenge

A brick and mortar business will require significant start-up capital. Some entrepreneurs get funding from bank loans or even use their own hard-earned savings. Often, a realistic cash flow forecast will show that a new business will not bring in enough money to support the entrepreneur for quite a while so it’ll be advisable to preserve a regular income before you diving into running a new business full time.

If you were given an opportunity to start a mini online business with an investment of just $1/day (or $359/year), with all training and support included, would you?

Have fun and enjoy the journey

It’s important to remember that perseverance and consistent effort is key for success. Along the way, keep your sense of humor and learn from your mistakes so you’ll be better equipped to improve your business.

To find out more about an online business opportunity, please read my personal review of Wealthy Affiliate here.

Please feel free to ask any questions or leave any comments below:

8 thoughts on “How To Become Your Own Boss”

  1. I blog frequently and I truly thank you for your content. The article about How to become your own Boss has really peaked my interest. I am going to take a note of your website and
    keep checking for new information about once a week.

    1. Hello Edward, thank you for your kind comment.
      Blogging can be an excellent way to make money online.
      To keep yourself inspired, you may like my articles in my “Be Inspired” category.
      This article The River of Life which talks about How to Succeed Online was contributed by a local businessman. I hope that you will enjoy reading it and be inspired by it.
      ~ Sue

  2. Hey Sue! I was wondering which blog platform you are using for this website? I’m getting fed up of WordPress because I’ve had issues with hackers and I’m looking at options for another platform. I would appreciate it if you could point me in the direction of a good platform.

    1. Hey Tom, thank you for your question. I am actually using WordPress for my websites and so are millions of others as mentioned in my post About WordPress
      The important thing is to have secure hosting. The platform I use to build all my websites is Wealthy Affiliate. For a Premium membership of US$359/year, I can build up to 25 websites using my own domains with the most secure hosting included. If you would like to find out more, you can read my review “An Honest Review of Wealthy Affiliate” in this website.
      ~ Sue

  3. Hey Sue , I really enjoyed reading your site , it is packed full of useful INFO and put together very well !
    I see you are doing great things with WA I am proud of you keep up the great work !!

    1. Hey Morgan, thank you for your compliments! 🙂
      I’m pleased to know that you have found the information in my site useful.
      It’s encouraging to me to hear that as my motivation is to be able to help others learn how to start an online business and achieve their goals.
      ~ Sue

  4. Hello Sue! A very encouraging and descriptive post on how to become a boss. Most of the averaged employees are just satisfied to just stay within their comfort zones. However, some of them have the guts to explore or try to discover some opportunities that could lead them to find success and be able to leave their 9-5 jobs. They are those who want to work only for themselves and not to work for others. They are the masters of their own selves, they can set the time when, where and how they want to work as they have the time freedom. And these people are usually the ones who have attained financial freedom.

    1. Hello, Fernando.
      Thank you for your comment on my article.
      You are right that most people are comfortable being employees and to become your own boss takes courage to try a new venture, an entrepreneurial spirit. Although it carries a certain degree of risk and involves hard work, it is also satisfying and rewarding.
      ~ Sue

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