Top 6 Tips for Would-be Entrepreneur
Are you tired of rising up the corporate ladder? Do you often think of how your life could be if you have your own business? Are you sure you have what it takes to be your own boss? If you are an employee who wants to explore business opportunities outside of your work, but can’t decide if it’s the right choice, then read on!
Here are 6 helpful tips to know whether it’s time to jump into the bandwagon of entrepreneurship or stay in the corporate world:
Tip 1:
The world of work, whether you are a professional in the corporate world or an entrepreneur running a small-scale business, is survival of the fittest. Visualize where you can work better and happier. One way to help you decide is to create a worksheet and then list the advantages and disadvantages of working in a company or going into entrepreneurship. Make sure that your analysis comes from your heart so that you can make a sound decision.
Tip 2:
Understanding the culture of the company is one of the keys to becoming successful in the workplace because it guides how you as an employee can act at work. Reflect if the culture in your work setting suits you or not, as this is a major factor in deciding whether to venture into other opportunities outside of your employment.
Tip 3:
Check if you are satisfied and happy with the compensation and benefits of your company. If you are not and you cannot wait long enough to get a satisfying raise, then the best option is to discover alternative work, otherwise you may harbor resentments and frustrations. It is better to work where you can really pursue your passion and be happy. So discover your passions and plan on making them a reality. Do it while you’re currently employed. Then quit when you think that your passion is already a stable source of income and it can cover living expenses without the regular income from your day job.
Tip 4:
Money is an important factor should you decide to start your own business. Ensure that your cash on hand will be sufficient up to the time when you can generate a stable, regular income from your business profit. It is also better to avoid loans in starting your business as paying off loans can be mentally taxing and stressful.
Tip 5:
Remain positive at all times. Positive thoughts attract good luck and success.
Tip 6:
Ensure that there are people who support your vision and ideas. Find a support system to serve as your back-up when you feel low. They can be members of your inner circle such as your family and close friends.
That’s it! Hope this helps you in your journey to succeed professionally and reach your dreams!
If you have questions, you can send me a message at caroline@corporatenuances.com.
Do you want to successfully achieve your #CareerGoals?
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Caroline Orani is the lead consultant at Corporatenuances Publishing and Consulting in the two services being offered –Compensation Structuring Service and Seminar-Workshop on Workplace Success. She is an HR author, publisher, speaker on workplace success, and Compensation and Benefits Consultant. She has 16 years of experience in different industrial settings in Human Resources Training and Management. Rising from the ranks, she has served in various capacities such as Human Relations Manager, Training Manager, Skills Development Manager, Recruitment Manager, and Corporate Social Responsibility Programs Manager.
She is the author of the book Master the Multinational Workplace: Everything You Need to Know about Working and Winning in Multinational Companies. This is an easy-to-read book that talks about thriving in any workplace but with an emphasis in multinational environment. She wrote the book with the belief that the Filipino workforce will find hope that it is still possible to live comfortably in the Philippines. Multinational companies provide outstanding compensation and benefits, and this uplifts the way of living of the Filipinos. She presented in Chapter II the job levels and this chapter talks about the level of difficulty and importance of jobs in the organization. In Chapter VII of the book, she talks about how jobs in the organization are priced. Companies may use the sample provided in creating their own salary structure or may opt to ask the service of the author to do the creation of their salary structure. Assessing, structuring and pricing jobs are unique to every industry. Compensation and benefits include basic pay, incentives and benefits. Pay packages vary based on the financial capacity of the company to pay. Structured basic pay is the end result of the compensation consulting service; incentives and benefits are recommended upon the client’s request. Other areas to have in-depth overview of the ins and outs of a multinational workplace are presented in other chapters. The printed copy of the book is available at National Bookstore and Powerbooks in the Philippines.
For seminars, talks and consultations Caroline can be reached at info@corporatenuances.com. Visit https://www.corporatenuances.com for more information.
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