Mental Transition from Employee to Entrepreneur

A person’s mindset is one of the major determinants of success in every walk of life. That means that the thinking patterns a person habitually adopt largely govern the results a person achieves.

However, different situations and circumstances require different mindsets. It is something that a would-be entrepreneur from being an employee must be aware of. Unfortunately, not all understand the mental transition required from employee to entrepreneur, without which business success is unlikely.

The mental transition from employee to entrepreneur could be rough and tough. Here are some key points you need to consider:

  1. You are responsible for all your decisions whether good or bad. As entrepreneurs, you should have an amazing opportunity to make something out of nothing in ways that are impossible working for someone else. However, this means making big decisions on what, when and how things must be done. You should not wait for things to happen or for someone else to tell you what you got to do. You must make things happen. Entrepreneurs fully understand that opportunities could be short-lived and so they develop a sense of urgency which helps them achieve their goals.
  2. Feeling uncomfortable is now your new comfort zone. When you’re an employee, you get used to think inside the box rather than outside. As an entrepreneur, you should know there is no box. You should see what others don’t see. You should test new ideas and take possible risks. Doing so will require lots of courage, a thick skin and the ability to keep on going despite all the rejection and skepticism.
  3. As an entrepreneur, you should know that learning is a continuous journey. Employees have a job description and require a specific set of skills. Entrepreneur should learn many new skills so that he won’t have to outsource what they’re not good at. Whatever needs to be done has to be done and there are no rooms for any excuse.
  4. Entrepreneurs love their business but know how to be objective. Employees can go do something they dislike for the salary whereas entrepreneurs love their business because of the long hours and effort required.
  5. Entrepreneurs enjoy breaking rules. For an employee, breaking rules could possibly mean dismissal. However, as entrepreneurs, they aren’t interested in the status quo. Instead, they always look for ways to do things differently.
  6. Time is not linear. Employees do have a timetable to work to. Entrepreneurs try not to be tied to a computer or a desk 24/7 thinking how their business is doing well or what could be doing better.
  7. Numbers do not lie. Concerning numbers, it is enough for an employee to know what is coming in and what are coming out. As entrepreneurs, you’d know and learn how to embrace and love numbers fast because your business cash flow is what will keep you in or out of your business. Additionally, it’s your profits, loss, sales and costs that will either give you sleepless nights or lavish lifestyle. So without the help of numbers, an entrepreneur’s business will continue heading for the rocks.

 

Taking the Leap

In order to be a successful entrepreneur in the future, you must shift your mindset and think differently. And when it comes to business, most entrepreneurs talk about “taking the leap”. Do you see yourself tossing a stack of papers in a wastebasket as your co-workers line the halls and applaud? Do you see yourself as the person who kisses his corporate life goodbye and dances out to the door towards your bright future? The reality is, everything could turn into an entrepreneurial nightmare. A business success does not come from taking one big leap and never looking back. Unless you’re willing to take the risk, you should want your business to have longevity, so start small and start slow.

Start now

Many people underestimate the time it takes to make the mental transition from employee to entrepreneur. So even if you are still employed, it is sensible to start shifting your mindset or perhaps setting up a business to run alongside. Doing so will give you the opportunity to develop new skills and build experience while still enjoying your safety-net of salary. At some point in your life, you will certainly need to give up if you want to grow as a successful entrepreneur in the future. If you are ready to be your own boss, it is now time to start making the mental transition from employee to entrepreneur. The earlier you prepare the better chance you’ll succeed.

Do you think it is now time to switch? The decision is yours.