From Corporate World to Small Business Owner

Last Updated: 

April 10, 2023

In my experience, there are two types of people in the world: those who love working for a big corporation and those who want to be their own boss. If you're reading this post then chances are you fall into the latter category. Unlike myself, I was never really interested in becoming an entrepreneur; however, if someone had told me about all of these benefits a few years ago I would have been more inclined to listen!

Key takeaways on leaving corporate to enter business

  1. Identify your niche and target audience: Determine the specific crafting skill you excel at and define your ideal customers. Tailor your products or services to meet their needs and preferences.
  2. Price your products competitively: Calculate the cost of materials, labour, and overhead expenses. Set prices that cover your costs, ensure profitability, and remain attractive to your target market.
  3. Develop a strong online presence: Create an attractive website and utilise social media platforms, such as Instagram, Pinterest, and Facebook, to showcase your products and connect with potential customers.
  4. Choose the right sales channels: Evaluate online marketplaces, such as Etsy, eBay, and Amazon Handmade, as well as brick-and-mortar options like craft fairs, consignment shops, and local boutiques to find the best outlets for your products.
  5. Offer exceptional customer service: Provide a seamless shopping experience with prompt communication, easy return policies, and personalised touches to encourage repeat business and positive reviews.
  6. Diversify your income streams: Explore additional revenue opportunities, such as teaching workshops, selling digital patterns or tutorials, or offering subscription boxes to create multiple sources of income.
  7. Invest in marketing and promotion: Utilise both online and offline marketing strategies, including content marketing, SEO, email campaigns, and attending craft fairs to increase brand visibility and attract customers.
  8. Network with other crafters and industry professionals: Connect with fellow artisans, suppliers, and influencers to exchange ideas, collaborate, and expand your reach.
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What does this mean to me?

You may be wondering what this means to you, as a person who is not in the corporate world.

How can I start a business?

Can I start a business on what I'm passionate about?

What are good networking practices?

The benefits of going from corporate to small business owner.

You can choose your own hours. You may not be able to work from home, but you do get to pick the hours and days that are best for you. If you have children who need care or any other responsibilities, working for yourself means that these things will no longer be an issue because they're something only YOU have control over!

Working from anywhere means that there's no reason why you can't travel (if this is something that interests you). It also means that if someone calls in sick at work, there's no need for panic, you just take care of it from wherever it is that YOU want!

You'll get paid for doing what makes others happy! Sure there are some people out there who might not like what we do...but those types aren't worth our time anyway :)

Getting started.

This is the point at which you can make or break your small business. It's crucial that you have a solid foundation for success before launching into the world of entrepreneurship, and this means putting together a solid business plan and establishing good credit, learning about taxes and accounting, finding a mentor and developing connections within your industry.

It's also important to develop good work habits early on; if you're going to be running things by yourself then there are no excuses for not being productive each day!

Being an entrepreneur.

When you're on your own, there are no bosses to answer to and no one else telling you what to do. This allows for the freedom and flexibility that comes with being an entrepreneur, you can make decisions based on what's best for your business, not what someone else thinks is best.

Being an entrepreneur also means having the chance to grow as a person and establish yourself as a leader in your industry. You get to build something from scratch that reflects who you are as an individual or business owner by creating products or services that align with your values and interests.

Being your own boss.

Being your own boss is a great feeling. You can be flexible with your schedule, take time off when you need it and make your own decisions about what to do and how to do it.

If you want to work from home, there are no limits. You can set up shop in the kitchen or even on the dining room table if that's what makes sense for you and your family.

If you're looking for more space or would like an office that includes an assistant or two, or even three, you can find one at an affordable rate in just about any location around town (or even out of town). As long as there's internet access available nearby and/or Wi-Fi available at home or work (which there usually is), then working remotely shouldn't present much difficulty at all!

Having the freedom to make your own decisions and grow with your company as it grows.

Having the freedom to make your own decisions and grow with your company as it grows is one of the biggest benefits of being a small business owner. It's not uncommon for large corporations to have policies that dictate what you can and can't do, even if it doesn't make sense for you or your company.

When you're an entrepreneur, though, there are no restrictions on what kind of business decisions you can make, or when those decisions need to be made! You might need some help from experienced mentors who have been in similar situations before (like us), but overall it's up to you how things go from here on out

Being able to create a culture that reflects who you are and what you stand for.

I've spent the last 20 years in corporate America, working in teams to build products from concept to market launch. The culture of my team was very different from other teams at my company, and it was because we worked hard to create our own unique identity. We didn't just wear t-shirts with our company logo on them; we had specific dress code rules (no shorts or flip flops). We didn't just have meetings at Starbucks; we had weekly team lunches at an Italian restaurant where everyone could get together face-to-face for conversation over food.

Why did we do this? Because it mattered more than anything else!

You can go from corporate world to small business owner and enjoy many benefits in the process

If you are ready to make the jump from the corporate world to a small business owner, there are many benefits in store for you. You can create a culture that reflects who you are and what you stand for.

You will also be able to go from the corporate world to small business owner and enjoy many benefits in the process.

FAQs on leaving corporate to start a business

How can I develop a business idea?

If you're like most people, the idea of starting a business can be intimidating and confusing. Where do I start? What do I need to know? How much time will this take?

These are all valid questions and concerns, but they're also completely normal! Starting a small business is no easy task, but it's also not rocket science (pun intended). Here are some things that can help get your wheels turning:

  • What are you passionate about? If there was something that really excited or motivated you, what would it be? Are there certain skills or knowledge gaps in your current job as an employee that make this particular field appealing to explore further? Is there something out there right now that has been bothering or frustrating you so much that it makes sense for someone else out there too, and if so why hasn't anyone else done anything about it yet?! These might seem like broad questions but they're actually pretty useful ways of thinking through potential opportunities around what matters most when trying new things outside our comfort zones because they force us into asking ourselves questions like "Why hasn't anyone else done this before?"

Can I start a business on what I'm passionate about?

You can start a business on what you're passionate about.

Many people think that they need to have a business idea before they can start their own company, but this isn't true at all! You can start a small business based on what you enjoy doing in your free time or what makes your heart sing (and if it doesn't make money right away, that's OK). For example: if you love playing music and want to teach piano lessons out of your home, go for it! Or maybe there is something else going on in the world that really frustrates or angers you, maybe an injustice or some kind of problem facing our society today, and maybe starting an organisation focused on solving that issue would be more fulfilling than any other option available? Maybe there are even ways these passions could intersect with each other? If so... then congratulations! You've got yourself two reasons why now might be the perfect time for taking action instead of waiting around until later down the road when things may get even worse before getting better again.

How can I plan my exit strategy from corporate to enter business?

You've decided to leave your corporate job and start a business. Now, how do you plan your exit strategy?

The first step is to plan on leaving your current position. This can be anything from three months to two years before actually quitting. The idea is that if you know when exactly it will happen, then there's no reason for anyone else at work or in life outside of work (family members) to feel anxious about the change happening so suddenly on them.

Once this decision has been made and announced publicly, then it's time for action! Start saving money from each paycheck so that when it comes time for paying off debt and expenses such as rent/mortgage payments on houses/apartments rented out by landlords who aren't willing clients themselves but rather real estate agents acting only as middlemen between landlords who own property versus tenants looking for places where they live everyday lives away from home with families consisting mostly female children since male ones tend not care much about what happens around them unless someone mentions something specifically related back

What are good networking practices?

Networking is a skill that can be learned and improved upon. The best way to network is not through selling or pitching your product or service, but rather by building relationships with people you can help.

If you're thinking about networking as an opportunity for self-promotion, it's probably not going to work out very well for you. Instead of focusing on yourself and what's in it for them (you), try approaching networking from the standpoint of helping others instead. Think about ways that other people might benefit from knowing you, what value do they get out of being connected with someone like this?

Conclusion

The benefits of going from corporate to small business owner are many and the transition can be an exciting one. If you're considering making this move, we encourage you to do some research on how others have done it before and make sure that your plan is well thought out so that it doesn't become overwhelming.

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