Maintain your old Siemens Hipath system

Are You Ready To Be Your Own Boss?

You have this burning desire you want to be on your own. The temptation is so great that you want to quit your job. Enough is enough. You're sick of working for other people for a ridiculous pay.

To be your own boss means controlling your own destiny, having your own time and no bosses to report to. Basically, you can do whatever you want.

But before you really jump into a new territory of being on your own, you have to make sure that you're ready and well equipped.

Below is the checklist that can help you to ensure that you're ready to be on your own.

1. Have a crystal clear plan.

Do you have a clear idea as to what you want to do next? You must know exactly what your plan is. Is this going to be the same as what you are doing? Or, is it completely different from what you are used to do? Write down your ideas and evaluate the feasibility of your ideas. Ideally, pick an idea you like most and the most profitable.

2. Have a reserve of 6-12 months.

Before you embark on your journey to be your own boss, you must prepare a fund of at least 6 months' expenses. I prefer a 12-month fund reserve. The reserve is used to cover your daily expenses while you are just starting out and you receive no regular wages. This reserve is also used to cover unforeseen circumstances that you might be under. It's extremely important to have sufficient fund as this can remove a lot of stress from you.

3. Support from your partners or friends.

When your plan to be on your own fails or you face a temporary setback, do you have someone to turn to for support? It's almost guaranteed that you'll be caught in a situation that can force you to give up. This is the time when you need solid support from someone who cares about you. You need this kind of support to carry on. You need someone to talk your problem out. Identify the person who can give you 100% support while you're on your way to be on your own. The person can be your spouse, partners, close friends or even your mentors. For me, my wife is the biggest inspiration and supporter. Whenever I feel down, she gives me the courage to stand up again.

4. Tools and resources.

Do you have the necessary resources you need to start out? Can you work from home instead, or you need to rent an office? Do you need to hire people to help you, part time or full time? Do you need a computer and the relevant software? Do you need any special tool or machine for your business? If yes, where do you source for it? By asking these questions, you can prepare a list of tools and resources that you need to carry out your tasks more efficiently and effectively.

5. Acquire knowledge.

If you're starting out in a new area, how do you acquire knowledge in this area? Knowledge increases your probability of success and helps you to avoid unnecessary mistakes. Knowledge can be obtained through government agencies, support groups, workshops, books, the Internet, mentors and coaches.

Being on your own can be very challenging. By sharing the information here, it's my hope that you'll have a smooth transition from working for people to being your own boss. And also to encourage you to take action if you have been contemplating on the idea, but no action is taken yet. I can assure you that you'll never regret of making the decision to be on your own.

Abel Cheng offers small and medium enterprises exclusive global profits insider tips in his free publication, Abel Cheng's Business Diary. To officiate a bi-weekly subscription, please go to http://www.abelcheng.com/diary.html

In The News:

Maduro expels US diplomats as rival claims Venezuelan presidency
Wed, 23 Jan 2019 17:52:00 +0000
Venezuela's president has announced he will break diplomatic relations with the United States after Donald Trump recognised the leader of the opposition as interim president.

Cohen postpones testimony after Trump 'threatens family'
Wed, 23 Jan 2019 20:09:00 +0000
Donald Trump's former lawyer Michael Cohen has postponed giving evidence to Congress because the president has threatened him and his family, his adviser said.

Firm apologises over 'whitewashed' Naomi Osaka advert
Wed, 23 Jan 2019 11:34:00 +0000
A sponsor of Japanese tennis star Naomi Osaka has apologised for whitening her face in one of its advertisements.

Concrete-filled bodies found are missing activist's aides
Wed, 23 Jan 2019 05:09:00 +0000
Two mutilated bodies washed up on the shore of the Mekong River in northeast Thailand have been identified as anti-government activists.

Nurse arrested after woman in vegetative state gave birth
Wed, 23 Jan 2019 15:19:00 +0000
A nurse has been arrested after a woman who has been in a vegetative state in the US for years gave birth at a long-term health care facility.



tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

10 Tips for Would-be Entrepreneurs

Every evening as the sun sets beyond the mangroves that... Read More

Traits and Skills of Successful Internet Entrepreneurs

There are certain traits and skills that many successful online... Read More

Youve Found Your Guru, Now What?

In my last article, "Follow That Guru", I told you... Read More

Bonsai Marketing

Site location analysis of regional service areas and planning for... Read More

Four Steps to Entrepreneurship

As more and more people start or consider starting their... Read More

Beware the Opposition!

Any time you make changes in your life you are... Read More

Salon Marketing Using Wireless Broadband Internet Access

Our client in Chicago did, located right outside downtown too...a... Read More

Face The Fear, Ladies

Okay, I'll begin by telling you that I've been divorced... Read More

Opportunity Does Not Knock

Q: I'm graduating this year with a degree in business... Read More

The Power Of Personal Environments

I've got to admit, I'm a big fan of comfort.... Read More

Good Questions, good Answers; Bad Questions, Bad Replies

I'm convinced that asking the right questions is one of... Read More

What Makes An Entrepreneur Tick?

It is only natural that when you start a business,... Read More

... in Pursuing the American Dream

This morning I woke up at 4:30 in the morning,... Read More

Near-death Experience is the Mother of Invention for Two Dallas Electricians

To morning commuters, the hulking truck encircled with barricades and... Read More

Franchising Companies Need New Franchisee Checklists

When franchise companies are moving fast in the market place... Read More

Judging Entrepreneurial Ideas

Most entrepreneurs constantly come up with new ideas. Whether they... Read More

Differentiation Strategies for Franchise Companies

With the growing number of franchise offerings recently it is... Read More

What Kind of Business Should I Start?

It's not uncommon to reach your 30s, 40s or even... Read More

10 Secrets of Successful Entrepreneurs

Running a one-person business is a creative, flexible and challenging... Read More

Think - Dont React

How you think, your relationship with yourself is what decides... Read More

How to Be an Entrepreneur and Keep Your Sanity

Define for yourself what an Entrepreneur is:What makes you think... Read More

What It Takes To be An Entrepreneur Series: Action

Many people have the professed desire to be their own... Read More

How Good Is Your Big Idea

Q: I want to start my own business. I have... Read More

How To Start a New Business

While it is tempting to just leap into a new... Read More

Entrepreneurs Just Get Better With Age

Q: I'm thinking about starting a business after I retire... Read More