How to Transition From Being an Employee to an Entrepreneur

As we get ready to head into the New Year, there may be some entrepreneurial thoughts floating around the cubicles of employees. If you have a strong idea in place, 2014 may be the perfect year to break out of the corporate world and venture into becoming your own boss and running a start-up. There’s no better time like the present, and there is even still no better time than a brand new year to get your running start! But before you make the transition from employee to entrepreneur, keep the following tips in mind to make for a smoother shift.

Communicate with your current boss.

Be honest and up front with your current boss. Let them know that starting your own business has been something you’ve wanted for a long time and that you’re excited to finally make the jump but that it’s nothing personal to the company you currently work for either. Leaving a company to become an entrepreneur sounds much better than leaving a company to work at a different, or even rival, company. Plus, if you maintain a positive professional relationship with your old boss, you may be able to build up a partnership together later on, or at the very least go out for coffee and ask for business advice.

Find a mentor from the beginning.

Whether your old boss is your mentor, a family friend who’s also started her own business, or a LinkedIn connection who’s in the same industry you’d like to go into, pick someone you respect as a business owner, and who you can communicate easily with. Having a mentor is priceless to a new entrepreneur because it helps you figure out from their experiences and lessons learned along the way what mistakes to avoid making and what areas can actually be opportunities in disguise.

Make a business plan.

Start off with a short-term plan. Brainstorm on the first orders of business: what exact industry are you going into? What will you name your business? Do you have an idea for a logo? Where would you like to set up shop? These are all great ideas to start taking into consideration in order to get the ball rolling. Once you’ve figured out some of the first orders, take the time to sit down and actually write out a business plan. This plan will include areas like determining what your product or service is, who the target audience is, and how you plan on reaching your audience. Business plans are especially helpful to have on hand when you’re looking for investors. They’ll want to see where you think your business will be in five years time so be prepared to show them where you want to go and how you plan to get there!

Incorporate your business!

Finally, don’t forget to file your business as a corporation or LLC. Filing your business as a corporation or LLC will allow your business to pay less on taxes, gain protection, and let your customers know that you are a professional, serious business. Once you’re incorporated, you’re officially on the map – the first step in making your dreams become a reality!

Share small business news, blogs and social media tips with Project Eve’s community of small business owners and entrepreneurs today. Our contributors come from a wide range of backgrounds; so whether you are a small business owner, social media strategist, financial adviser, serial entrepreneur, or write an amateur blog we urge you to contribute a blog to our 500,000+ community today. For more information, please refer to our Content Submissions Guidelines.

Add a Blog


  1. 117683 601238Following examine a couple of with the weblog posts within your site now, and I truly like your manner of blogging. I bookmarked it to my bookmark web site list and might be checking back soon. Pls take a look at my site as effectively and let me know what you feel. 432964

  2. 693153 209864I actually got into this article. I located it to be interesting and loaded with unique points of interest. I like to read material that makes me think. Thank you for writing this wonderful content material. 2391

  3. This is the right website for everyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I personally will need to…HaHa). You certainly put a brand new spin on a subject which has been written about for many years. Excellent stuff, just excellent!

  4. Woah! I’m really digging the template/theme of this website. It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between superb usability and appearance. I must say that you’ve done a superb job with this. In addition, the blog loads very fast for me on Safari. Superb Blog!

  5. I’ve learned new things as a result of your website. One other thing I’d prefer to say is that newer computer operating systems usually allow additional memory for use, but they additionally demand more storage simply to run. If one’s computer cannot handle more memory and also the newest software requires that ram increase, it may be the time to shop for a new PC. Thanks

  6. Thanks for sharing your ideas. Another thing is that students have an alternative between national student loan along with a private education loan where its easier to decide on student loan consolidating debts than with the federal student loan.

  7. The other day, while I was at work, my sister stole my iphone and tested to see if it can survive a 40 foot drop, just so she can be a youtube sensation. My iPad is now destroyed and she has 83 views. I know this is completely off topic but I had to share it with someone!

  8. I have really learned new things as a result of your weblog. One other thing I would really like to say is that newer computer os’s are likely to allow more memory to be utilized, but they in addition demand more storage simply to perform. If an individual’s computer cannot handle additional memory as well as newest software program requires that memory increase, it might be the time to shop for a new PC. Thanks

  9. The next time I read a blog, Hopefully it doesn’t fail me just as much as this particular one. I mean, I know it was my choice to read, but I really thought you would have something useful to talk about. All I hear is a bunch of crying about something that you could fix if you weren’t too busy searching for attention.

  10. hi!,I really like your writing very a lot! proportion we be in contact extra about your post on AOL? I need a specialist in this space to unravel my problem. Maybe that’s you! Taking a look ahead to see you.

  11. Hello! I could have sworn I’ve been to this website before but after browsing through some of the posts I realized it’s new to me. Nonetheless, I’m definitely happy I discovered it and I’ll be bookmarking it and checking back regularly!

  12. The things i have constantly told people is that while searching for a good on the net electronics retail store, there are a few variables that you have to consider. First and foremost, you need to make sure to find a reputable and reliable retail store that has received great reviews and classification from other individuals and business sector people. This will make certain you are getting along with a well-known store that delivers good services and help to their patrons. Thanks for sharing your ideas on this website.

  13. Yet another thing to mention is that an online business administration study course is designed for learners to be able to effortlessly proceed to bachelors degree programs. The 90 credit education meets the lower bachelor college degree requirements then when you earn your associate of arts in BA online, you’ll have access to the newest technologies in this particular field. Several reasons why students are able to get their associate degree in business is because they’re interested in this area and want to get the general knowledge necessary before jumping in a bachelor college diploma program. Thx for the tips you provide within your blog.

  14. By my investigation, shopping for electronic products online may be easily expensive, yet there are some tips and tricks that you can use to help you get the best things. There are constantly ways to obtain discount discounts that could help to make one to come across the best electronics products at the smallest prices. Good blog post.

  15. After I initially commented I clicked the -Notify me when new feedback are added- checkbox and now each time a remark is added I get four emails with the same comment. Is there any approach you’ll be able to take away me from that service? Thanks!

  16. 415891 479409There is noticeably a whole lot to realize about this. I suppose you made certain good points in capabilities also. 507999

  17. Hi! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no backup. Do you have any solutions to protect against hackers?

  18. Wonderful blog you have here but I was curious if you knew of any community forums that cover the same topics discussed in this article? I’d really love to be a part of online community where I can get responses from other experienced individuals that share the same interest. If you have any suggestions, please let me know. Bless you!

  19. What i do not understood is if truth be told how you are now not really a lot more smartly-favored than you might be now. You’re very intelligent. You know thus significantly with regards to this topic, produced me individually consider it from numerous varied angles. Its like women and men aren’t fascinated except it’s one thing to do with Lady gaga! Your personal stuffs nice. Always handle it up!

  20. Hello There. I discovered your blog the use of msn. This is an extremely well written article. I will be sure to bookmark it and come back to read extra of your helpful info. Thanks for the post. I’ll definitely return.

  21. Great items from you, man. I’ve remember your stuff prior to and you are just extremely great. I really like what you have got right here, certainly like what you’re saying and the best way in which you say it. You’re making it entertaining and you continue to care for to keep it sensible. I can’t wait to read far more from you. This is actually a great website.

  22. I do enjoy the way you have presented this particular challenge plus it does supply me personally a lot of fodder for consideration. Nonetheless, from just what I have experienced, I really wish when other opinions pack on that people continue to be on point and don’t get started upon a soap box associated with some other news du jour. Still, thank you for this exceptional point and even though I do not necessarily concur with it in totality, I regard your viewpoint.

  23. A person essentially help to make seriously posts I would state. This is the first time I frequented your web page and thus far? I surprised with the research you made to create this particular publish incredible. Excellent job!

  24. Whats up this is kinda of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience. Any help would be enormously appreciated!

  25. I’ve learned new things out of your blog post. One other thing I have seen is that normally, FSBO sellers can reject an individual. Remember, they will prefer not to use your companies. But if a person maintain a steady, professional connection, offering aid and keeping contact for around four to five weeks, you will usually have the ability to win an interview. From there, a listing follows. Thank you

  26. It’s truly a nice and helpful piece of info. I’m satisfied that you just shared this useful info with us. Please keep us informed like this. Thank you for sharing.

  27. I actually wanted to write a quick message to be able to appreciate you for some of the magnificent ways you are giving on this site. My extensive internet research has now been rewarded with sensible tips to talk about with my good friends. I ‘d assert that many of us readers are undoubtedly blessed to exist in a fine site with very many special people with valuable pointers. I feel pretty lucky to have encountered the website page and look forward to really more fun moments reading here. Thanks a lot once more for a lot of things.


Please enter your comment!
Please enter your name here