








Everyone experiences setbacks, but you can use them as an opportunity to start something new. A career setback can be the perfect time to become a business owner and take control of your life. Shared below by Olive + Ash Design, here are some tips on how to turn a potentially negative situation into a positive one by starting your own business.
Making Your Business an LLC
Making your business an LLC (Limited Liability Company) is the first step in legitimizing your company and protecting yourself financially. An LLC protects from certain debts and legal liabilities that may arise from running your business. It also allows you to easily separate personal assets from those of the business. Talk with an attorney or accountant about setting up an LLC for your new venture.
Being Able to Call the Shots
The beauty of owning a business is that you get to call all the shots. You have full control over what happens in the day-to-day operations of your company, which can be empowering after experiencing a career setback. As a business owner, you get the chance to call the shots and make decisions for yourself without having to answer to anyone else's authority.
You have the freedom to set and reach any goals you desire – from tinkering with creative ideas in your home office, launching innovative initiatives, or enjoying greater financial stability for your family – it's all on the table for you. Going into business for yourself isn't always easy, but it does offer something valuable that no other career option can — the self-determination to build a future on your own terms.
Familiarizing Yourself with Technology Related to Your Chosen Field
Technology advances quickly and LiveAbout notes that business owners need to stay up to date on modern trends in their chosen fields. Do research on any technology-related topics such as software programs or hardware appliances that could benefit your business operations. For instance, if you’re looking for construction takeoffs, you can begin exploring potential tools, from budgeting tools that track expected costs to those made specifically for information sharing with customers.
You should also explore the latest technology trends in digital marketing. Marketing in all its forms have always been the bedrock for business success, but in this day and age utilizing a digital marketing strategy is crucial to staying ahead of the curve and getting your products or services in front of your target audience. Take advantage of advertising on your website, social media channels, and platforms like Google.
Regardless of the technology tools best suited for your business model, arming yourself with knowledge through research and practice helps give you an edge in today's competitive market.
Marketing with Business Cards You Can Make From Online Templates
A great way to showcase yourself is through marketing materials like business cards. There are plenty of online templates available if you do not want to go through the trouble of designing them yourself. This can be a great way to create a professional look without having too much upfront cost associated with it until you have established yourself more firmly in the marketplace.
Making Hiring Decisions
Hiring employees can be tricky but rewarding when done correctly. Lever points out that you should get started by drafting a clear and concise job description. Also, if possible, try interviewing potential candidates based on referrals from trusted sources such as friends or family members who know their abilities firsthand. Once hired, make sure you provide them with clear job expectations so there are no misunderstandings about what their role entails within the company.
Making Your Own Schedule
Being an entrepreneur brings the freedom and flexibility of scheduling that isn't available with other employment options. No more set 9-5, or extended weekend hours - you can now decide when to take a break, put in extra time if needed and feel empowered knowing it's all up to you. That is why creating your own schedule as a small business owner is so essential for many looking for greater autonomy over their lifestyle choice!
By following these tips on making sure everything is properly set up such as forming an LLC, familiarizing yourself with technology-related topics for seamless operations, creating marketing materials like professional-looking business cards through online templates as well as making hiring decisions based on referrals plus being able to set up your own schedule; entrepreneurs who decide down this path will find themselves very happy in their newfound endeavor!
Olive + Ash Design offers professional web design, development, and marketing services so you can reflect the awesome work you're already doing without spending a fortune. Reach out today to schedule a strategy session!