The most challenging component of owning your own business is to make the transition from employee to owner. When you work for a corporation you are one piece of a larger organization, and though your role is crucial to the operation, at the end of the day the success or failure of the business does not depend solely on you. However, when you are managing an online business you are the one in charge. If your revenue doesn’t increase, your time is managed poorly and you aren’t retaining customers, the blame will be laid squarely on yourself.
It’s a tough job to be an online business owner, but when times get tough you have to remember why you broke off on your own in the first place. You likely left the corporate world behind so you could set your own work hours, spend more time with your family, work from anywhere in the world and be your own boss. If it was an easy transition to make, everyone would start and grow their own online business.
If you want to make the transition from employee to online business owner as simple as possible, then you have to check out these three tips to help you navigate your new online business landscape and stay motivated at the same time.
#1: Set a Mission Statement for Your Business
If you want to make your online business a success you need to create a mission statement early on. Your mission statement should describe the goals of your business, the culture and its core values. Your mission statement should be so important to you that you carry it with you wherever you go. You should also try to commit it to memory if possible. Having a strong mission statement will help you stay on track with your business goals.
#2: Get Into a Routine
Corporate jobs are well known for being routine-oriented. You don’t need to have everything laid out in minute-by-minute fashion, but you should create a general routine that works for you. If you know you are the most productive in the morning, then create a routine that forces you to do your most creative work in the morning. If email and social media is often a distraction, set up some times during the day for monitoring social media activity. Once you setup your routine you must realize that it might change over time. Just make sure your routine helps you get the most out of every day.
#3: Setup a Personal Rewards Program
All human beings are enticed by incentives, and that includes you. The best way to stay on track with your goals and make an easy transition from employee to owner is to create a rewards/incentive program for yourself. Maybe you have a specific sales goal you want to hit within your first 3 months of business. If that’s the case, decide what reward you will earn if you meet or surpass your goal. Your incentives should be smaller for short-term goals and larger for bigger goals. The idea here is to reward yourself for the small victories as you walk the path of an online entrepreneur.
Need Some Extra Motivation?
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