Taking The Jump As A Business Owner
Think about it — the hours, the lifestyle, the side (or full) income — are all a part of becoming an entrepreneur and owning a business. It’s a beautiful thing actually. There’s no better accomplishment than building one from scratch.
Sure, it has it’s ups and downs, but that shouldn’t stop you (after all, you did learn to crawl, then walk right?).
As I’m writing this post, I’m building Fide Agency into the web design company I want it to be and it’s hard, really hard. I won’t sugar coat it. I started with no clients, no referrals, and a new expertise that I’m learning more about everyday.
But it’s VERY fulfilling, and there’s nothing else I’d rather do with my time (business-wise). Period.
To compare, I have a full-time job that I love, but I enjoy working on my own so much more. The idea itself pushes me to work a little harder everyday until eventually I can make this into a full-time business. I took the jump and now I refuse to look back.
“True entrepreneurship is a journey, not an end-result.”
To get a sense of where I’m coming from, I’ll start from the beginning.
It’ll be short. Promise.
I’ve always had the “entrepreneurial bug” in me since high school — which was only 5 years ago mind you — and have been trying to create and run businesses ever since. It has consumed every cell in my body and soul (ask my wife), and I absolutely love it.
My first official business (if you can call it that) was a music production gig I did for about 4–5 years. I simply made music for a hobby and it ended up turning into a little profit for me. Great right? You bet cha.
I partnered with a major music company who sold loop packs while selling my own music to artists around the world. It was amazing, but eventually I grew tired of it and dismissed the idea altogether 2 years ago. It wasn’t that I didn’t love music anymore, I was just ready to pursue other ventures and focus on bigger projects.
That business taught me the value of having your own company, clients, and *shudders* taxes — something I completely ignored while running it as a freelancer. Bad idea, but I’ll save that for another post. Anyway, that same business also fueled my love for companies that help others by creating something of value.
But man was it terrifying in the beginning.
There were SO many uncertainties.
I never knew when I would get my next sale until it happened.
I didn’t have a steady stream of income, sometimes for months on end even with a partnership.
I was completely new to business, and would second guess myself as to whether I’m even good enough for others to buy from me.
But as I grew in business, this temporary mindset slowly disappeared and I became confident in what I could do (even if I had no idea how to do it). I found out what I needed to in order to be better or improve a certain process. I could only do this after I failed a little first.
I began to shrug off the insecurities I had and instead put my focus on becoming a better entrepreneur. I took the jump from half-way hobbyist to full-time producer, believing in what I was doing, and not second guessing anything I did. I didn’t worry about profits as much as I worried about appealing to the right client or making sure that a certain task was done. I delegated. I made calculated mistakes. It was a crazy ride. And I would do it again. Well, I am actually.
Long story short, I grew up as an entrepreneur. Now don’t get me wrong, there were difficult times and unanswered questions. But that’s what I signed up for.
Fast forward to now and I am fully confident in what I can and cannot do. I no longer see anything I do as just a hobby (unless it really is).
Here’s how you can make the jump from hobbyist to business owner:
- Grow: Take some type of action that will provide an immediate result. It doesn’t really matter what it is as long as it brings you a little closer to your end goal, i.e. a new client or securing a partnership. You never know until you try and that saying rings eerily accurate in the world of entrepreneurship. My motto is “Fail Fast, Fail Often.” I’m sure you’ve heard of it. I didn’t make it up, but it works for me.
- Learn*: By then you should know what’s working and what isn’t. This is the time to learn what you need to know and not a cent more. I’m serious. The world is full of information, and it’s easy to get distracted by things that really don’t matter right now. Narrow down on what needs to improve in your business, and find topics related to it. Choose 3–4 articles and leave it at that. Chances are they all say the same information anyway.
- Jump: So you’ve taken action, failed a little, and have improved. You were a business owner as soon as you begin your venture, but now you are no longer just a hobbyist as well. This last step is more of a mental boost, hence the “jump” part. Business can get exhausting and it can start to feel like a hobby sometimes. Knowing that you took the jump into wanting to be an actual business can help you sleep sound at night.
Hope this helps take you a little further in your journey.
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