Saturday 18 April 2020

Ways of transitioning from salaried jobs to entrepreneurship are uncommon.

If you close your eyes and contemplate your new work, what language is it that conjures up?

Will words such as 'taken for granted,' 'stressy,' 'thankless' and 'dead-end' cancel out thoughts such as 'satisfying,' 'fulfilling' and 'caring'?

If so, then it might be time to start going forward. But if you've been in work for a long time, tried various sectors and faced the same cultural issues, the risk is that you'll have avoided the frying pan to end up in the fire in your next job.

And maybe working for yourself is a safer choice, since workplace politics and bad leadership are not among them, while it has its challenges.

Having this in view, five methods of transitioning from pay to entrepreneurship are here.

  1. Talented crowdfunding Because you are a talented individual with financial and family commitments, you may not have the resources to break your day job and start selling your books, artwork or personalized clothes instantly.

Using the crowdfunding software Patreon, though, you will interact using donors who will pitch in on a daily basis to help your efforts – and reward them with frequent exclusive merchandise deals and sneak peeks on research underway.

  1. Government financing When you start a more conventional company, odds are you may need to raise a significant amount of capital to enter into competitive marketplaces.

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There are different grants available in areas around the UK for projects such as forestry, bio-renewables, community development and even more – search Department of Finance, Power & Industrial Strategy's gov.uk websites for more information about proposals and eligibility requirements.

  1. Equity investing Seeking for private equity and the opportunity to link with a pool of small and medium as well as larger investors in a novel way?

Then equity investment site Seedrs is the first of its type in Europe and has created a marketplace for companies with radically fresh or innovative ideas that would have failed with conventional means to attract funds, gain footholds and prosper.

  1. Online networking social network networks like Facebook and Twitter may be useful to broaden market scope and raise web visibility, but there is little proof that they can be utilized specifically for sales, rising and size.

Nonetheless, the market-focused LinkedIn platform is special – it's the largest networking forum in the world so if you follow the correct conversational norms, it's fairly straightforward to communicate with partners of all kinds that will help carry your company aspirations to life.

  1. Distance learning If you have an ambitious dream but maybe lack the solid business know-how to set up a company, recruit employees, insure your paperwork is in order, keep books up-to-date and identify and integrate culture from the outset, training online for a specific credential like an MBA may be helpful.

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