Posts Tagged ‘business ideas’

What Happens When You Leave Your 9-5 Job: The Best Steps for a Solid Foundation

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What Happens When You Leave Your 9-5 Job

What Happens When You Leave Your 9-5 Job: The Best Steps for a Solid Foundation

What happens when you leave your 9-5 job? It can be scary and overwhelming to think about leaving your job. But with the right mindset and a smart plan, it does not have to be. In this podcast and article, we give you a 3- step process that will help you build a solid business foundation. Following this process will give you a better idea of what happens when you leave your 9-5 job.

Step 1: Does Your Business Idea Excite You?

Does your business idea excite you? Is it something that you will eagerly jump out of the bed and commit to doing for the next year? Your business idea does not have to be a grand passion. But you do need to have a feeling of anticipation and a thrill for trying this new challenge. If your business idea does not excite you, go back to the drawing board!

Step 2: Does Your Personality Mesh with Your Business Idea?

Being an entrepreneur is more than being someone who is an expert in a skill or topic. You must be someone who does several things to significantly impact your client.

For example, will you:

· Transform and clarify your clients’ understanding of something they are currently doing

· Help clients’ see the “why” behind the “how”

· Share your clients’ excitement over their success.

Whatever you decide to offer your clients must be aligned with your core beliefs and personal values. Does your business idea allow you to be authentic?

You must believe that your solution to your clients’ problems will make the world a better place. Because you are the perfect person to supply the solution to their problems!

To help you understand your entrepreneurial personality, take this quick assessment from Harvard Business Review: “Assessment: Identify Your Entrepreneurial Personality Type.”

Step 3: Is this the Right time to Launch Your Business?

Timing is always a tricky question. You wonder whether you should you quit your 9-5 job now or ease into your business gradually. Dexter and I started our business while working full-time. That worked for us. You should make an individualized assessment of your situation. Then you can decide whether to quit now or to ease into your business gradually.

Here are a few issues to consider:

· Is there a paying market for your business idea? If you and your brother are the only two people interested in this idea, you may want to find something else.

· Do you have adequate start-up capital? You do not need a million dollars in your bank account. Countless numbers of entrepreneurs have started a business on a shoestring out of their garage or dorm room. It does help to have some savings and budget that you plan to follow.

· Is your niche narrow enough? Remember you want some competition, but not too much. If “weight loss” is your niche, it is probably too big. But if you target “vegans” that specific small segment you probably can serve.

· Is your business idea one that is sustainable and scalable? For example, once you teach them how to solve one small problem, are there issues that you can teach them? Is there a next step? Can you create multiple products and services?

· Have you done your research? Make sure to check on Amazon for any books on your specific topic. Look in grocery stores to see if there are magazines on the subject. What are the leaders in your niche doing to serve their clients?

· Do you have any clients lined up? It would be fabulous if you had a waiting list for your products or services.

· Have you tested your idea? Perhaps you want to share your new products or services with special group of “beta” testers. Perhaps for a reduced fee, they can give you feedback.

· Do you already have credentials or experience that instantly qualifies you as an expert? Are you already doing it or teaching it already? Do you have a strong network of connections?

Take your time to think through these issues. Do not act impulsively. Really dig deep and then decide.

Leaving you 9-5 job can be an exhilarating time in your life. It is the first step in achieving your goal of creating the life of your dreams.

Conclusion/Call to Action

What happens when you leave your 9-5 job? With the right plan and a strong mindset you can deal with the feelings of uncertainty and overwhelm. This article sets forth a 3-step process to help you build a solid business foundation.

Step 1: Does your business idea excite you.

Step 2: Does your personality mesh with your business idea?

Step 3: Is this the right time to launch your business?

Let us know if you are ready to leave your 9-5 job. Contact us to help you develop a plan to launch your business idea and put you on the strategic pathway to success.

I am Pamela Montgomery, an attorney, author, and online business strategist working with entrepreneurs, speakers, and authors as they create the life of their dreams and achieve uncommon results!

Write, Speak, Broadcast: 3 Strategies for Business Success

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Write, Speak, Broadcast: 3 Strategies for Business Success

Business Ideas

In this episode of My Biz Dream Team: Opportunity Wednesday Training Series, we discuss three business ideas that you should consider implementing today. These three ideas will increase your visibility and elevate your authority status. If you want to be known as the expert that you are, then follow these three business ideas.

If you are interested in standing out in the crowd, we recommend these three business ideas:

Write a book
Public speaking
Podcasting

In this episode of My Biz Dream Team: Opportunity Training Series, we talk about each of these three business ideas.

Write a Book

We explain why you need a book to increase your authority status. Writing a book also opens the doors to more opportunities for your business. Your book becomes your business card.

We also give you ideas about how to structure your book.

Writing a book allows you to reach your ideal client in a very engaging and powerful way.

To find out more about writing a book, check out the following blog posts and podcasts:

You Can be an Author in 30-60 days

Writing a Book: 5 Reasons Why Every Coach, Speaker, and Consultant Should Write a Book

Brainstorming Your Book: 6 Steps Not to Skip

How to Brainstorm Your Non-fiction Book in 10 Easy Steps

The Power of the Published Author: 3 Reasons to Write Your Book

Dexter and Pamela Montgomery

Public Speaking

As a business owner you will have the occasion to speak in public. So it is important that you learn to speak with poise, confidence, and clarity. We suggest that you deliberately seek opportunities to speak. For the next few month, focus on finding opportunities to speak in your local community.

Speaking in public raises your profile. Standing in front of the room elevates your authority status in the community.

Here are additional podcasts and blog posts that provide you result-oriented solutions to elevating your authority status:

How to Quickly Overcome Your Fear of Public Speaking

The Overcome Your Fear of Public Speaking Checklist

How to Make a Powerful Presentation

Start Your Speech with a Powerful Hook

How to Start Showcasing Your Expertise with Public Speaking

Podcasting

Starting your own podcast is a fantastic way to engage with your ideal client. Your client will have an opportunity to hear your voice and personality.

A podcast is also an excellent way to extend your message to potential clients who do not have time to read your blog posts.

To find out more about producing an impactful podcast series, check out The Special Report and Training Guide: The Podcasting Power Playbook.

Listen to our Podcasting for Riches Series:

How to Create a Podcast that Grows Your Business

How to Create a Podcast that Attracts Your Ideal Audience

How to Select and Invite Great Podcast Guests

How to Sound Like a Professional Podcaster

How to Conduct a Fantastic Podcast Interview

Conclusion/Call to Action

As you consider your business plans, remember to implement the three business ideas discussed in this podcast.

Write a book
Public speaking
Podcasting

Each of these strategies, alone or in combination with each other, will elevate your credibility, visibility, and business opportunities.

Leave us a comment to let us know how you plan to implement these three business ideas into your business plan.

At My Biz Dream Team, we show you how to develop an internet lifestyle business that can help you reach your money goals. Check out The Strategic Pathway to Success Program™. Let us help you accelerate the growth of your business so that you can reach your goal of creating a lifestyle and a business that you love! Act today.

I am Pamela Montgomery, attorney, author, online business strategist, and speaker, providing you result-oriented solutions to help you to achieve uncommon results in your business and in your life!