One of the most frequently asked questions I get is: “How do I quit my job and start a business?”
It’s a big step, and it can be daunting, but with the right plan, it’s totally achievable!
In this episode, we’re outlining 10 essential steps to smoothly transition from employee to entrepreneur.
We’ll cover everything from identifying your ‘why’, setting up your online presence, to managing your finances.
If this sounds like the path you’re ready to take, this episode is for you.
Timestamps:
00:00 Welcome to the $100 MBA Podcast
00:30 Why Quit Your Job to Start an Online Business?
01:01 Omar’s Story: Transition to Entrepreneurship
02:03 Step 1 – Understand Your Motivation
04:35 Step 2 – Financial Health Check
06:13 Step 3 – Skills Assessment
07:52 Step 4 – Identify Your Business Idea
09:42 Step 5 – Create a Business Plan
10:29 Step 6 – Financing Your Business
11:46 Step 7 – Setting Up Your Online Presence
13:06 Step 8 – Running a Profit and Loss Sheet
14:25 Step 9 – Grow Your Business
15:03 Step 10 – Plan the Transition from Job to Entrepreneurship
16:07 Embracing Change as an Entrepreneur