4 Ways To Start Transitioning To Business Ownership

Do you worry about how to make the transition from full time job to business ownership and owning your new health business? Are you ready to take this from fantasy or side hustle to real life and wonder how to do that? If you are like most people then you may very well find that you are going to want to transition into this one step at a time. The measures that you take early on can really help you to secure your place and move towards success.  I remember when I started to plan to leave my 9-5 job to follow my passion for business ownership to have my own health consulting and coaching business,  I planned for 1 year prior to making the move and these are the key steps that I followed to support my success.

These are the steps that you can take now, today which will benefit you later on. These can be small steps that you take while in your current job. They can be things that you do proactively to help you when you officially launch your business. They do not need to be elaborate, but they do require some effort and thought. This is a wonderful way to launch your business early on and help you to move towards sustainable business success.

  1. Set Your Vision and Set Goals Early to Begin Transition to Business Ownership

Think through the goals that will help you to reach your long term vision.  You will want to launch your business as the longer term goal but in the meantime you need short term goals that pave the way to move towards the goal of business ownership.  These will help you to stay on track and ensure that you see it through. Your goals are going to change over time and that’s part of the process. Think of what you need to get done in order to open your doors so to speak, and then use these to help you cross things off the list along the way.   Similar to how you most likely work with your health clients or patients, set goals and ensure that your goals are measurable and have a timeline or due date – this will help you plan, keep things moving forward and allow you to know when you have achieved the goal.

  1. Take Steps Towards Networking and Building Strong Relationships

You need relationships in place to make this business venture work. That means that you take the time to meet people. It means that you are going to make networking a primary focus. The more people that you meet and the more contacts that you build, the more that this can play into your ability to open your business with ease.   This networking can take place on in person basis through local networking groups, Chambers of Commerce, Meet Ups, etc. or through virtual networking via social media and other social platforms or mastermind groups.

 You are likely to meet people in a similar situation, vendors, or other contacts that can help you along the way. Make networking and relationship building a fundamental part of your business strategy, you can start this at any time and continue on with it over time.  When I started out my goal was to do at least two networking meetings/coffee meet ups a week and now after 3 years of business my networking goal is to make 2 new business connections per month.   You can have a similar goal.

  1. Set Aside Some Money to Fund the Early Expenses

You aren’t going to know what all of your expenses are going to be in the beginning and you aren’t necessarily going to be aware of how much money you need to get your business going. The point is that you start putting aside some funds time once you decide that this is going to become your reality. Before I left my corporate job I saved for 10 months and my goal was to have 1 year of expenses saved before leaving my 9-5 job to start my business.

 Even if you save just a little bit it can help you with some of the early expenses. You don’t need to break the bank, but just put a certain amount aside out of each paycheck into a separate account to help fund your business. It’s a good habit to get into and continue with once you are up and running too.

If the money, expenses or financing aspect of starting your business is holding you back check out this 25 Point Action Checklist – here you will find solutions to the 5 most common challenges that hold people back from starting their own business.

  1. Start Building Your Brand

Start to think through ways you can get your name out there early in the process.  Even if you’re business is not up and running there is always an opportunity to chat up your business; tell everyone you know about your business or your business idea and ask them to spread the word.  You may feel that this is premature, but if you know that you are moving forward with your business then start talking about it.   Start sharing your brand through social media also (as long as this does not jeopardize your current work situation).

Talk to friends and family, business contacts, and just about anybody that you come into contact with. This will act as an early and free form of promotion. It will also reiterate your commitment to this business and will ensure that you stay on track. The more effort that you put into this early form of promotion, the more that you have a chance of making a real splash when you are officially up and running.   When I started my business, prior to launching I sent a newsletter to my network to let them know of my change in career direction and the plans for my new business.   My first 2 client contracts came from this newsletter.

It’s never too early to start thinking about your transition to business ownership, and these are some great ways to do just that. The transition takes time, but these early steps will contribute to your success.  Strong preparation will help to minimize your stress and improve your opportunity for success moving forward.

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Testimonials

K. Parris

I chose Nicki for her knowledge of the healthcare sector at a time when my company needed to improve its marketing and lead generation. She listened to my needs and together we developed a strategy to target the audience I wanted to reach. With her help I assessed the market, determined if my business idea was viable, confirmed my pricing strategy and developed my marketing material. Through her expertise, I expanded into new markets and connected with her contacts in the health sector. It was a highly valuable experience, resulting in new and exciting opportunities for my expanding business.

 

2016-09-28T15:56:41+00:00
I chose Nicki for her knowledge of the healthcare sector at a time when my company needed to improve its marketing and lead generation. She listened to my needs and together we developed a strategy to target the audience I wanted to reach. With her help I assessed the market, determined if my business idea was viable, confirmed my pricing strategy and developed my marketing material. Through her expertise, I expanded into new markets and connected with her contacts in the health sector. It was a highly valuable experience, resulting in new and exciting opportunities for my expanding business.  

T. Gill

Nicki, thank you so much for your coaching, support, and encouragement in helping carve out my career path. Your continued support means so much to me. I am thankful that I decided to reach out to you.
 

 

T. Gill

2016-04-14T12:29:20+00:00

T. Gill

Nicki, thank you so much for your coaching, support, and encouragement in helping carve out my career path. Your continued support means so much to me. I am thankful that I decided to reach out to you.    

S. Gaur

A coach and leader takes people where they want to go…..Nicki has done just that. She is an inspiring leader, a great coach, an excellent mentor who has the keen eye to recognize skills. If it wasn’t for her coaching, I would not have done my Project Management certification. Big thanks for all your guidance, mentoring and coaching, I look up to you and consider you my role model.
 

 

S. Gaur

2016-04-14T12:27:56+00:00

S. Gaur

A coach and leader takes people where they want to go…..Nicki has done just that. She is an inspiring leader, a great coach, an excellent mentor who has the keen eye to recognize skills. If it wasn’t for her coaching, I would not have done my Project Management certification. Big thanks for all your guidance, mentoring and coaching, I look up to you and consider you my role model.    

R. Hurtubise

I really appreciated hearing you speak a few weeks back. Your experience that you were able to share as well as your enthusiasm was enlightening.
 

 

R.  Hurtubise

2016-04-25T08:46:06+00:00

R.  Hurtubise

I really appreciated hearing you speak a few weeks back. Your experience that you were able to share as well as your enthusiasm was enlightening.    

D. Fairley

I just wanted to say a big thank you. I am grateful for the coaching, leadership and guidance that you bring to me in this time of transition. You were able to help me build a solid, well thought out, foundational framework on which to build, regardless of our ultimate size.
 

 

D. Fairley

2016-04-25T08:46:54+00:00

D. Fairley

I just wanted to say a big thank you. I am grateful for the coaching, leadership and guidance that you bring to me in this time of transition. You were able to help me build a solid, well thought out, foundational framework on which to build, regardless of our ultimate size.    

S. Doody

I engaged Nicki to coach me and support the start-up and opening my own independent dental hygiene office. I had the dental hygiene knowledge however needed someone with the business expertise to guide me. From the planning stage to execution of the plan Nicki brought her knowledge, passion and drive that made my dream a reality! I would highly recommend Nicki!
 

 

Owner Relax & Smile Dental Hygiene Spa

2016-04-25T08:47:40+00:00

Owner Relax & Smile Dental Hygiene Spa

I engaged Nicki to coach me and support the start-up and opening my own independent dental hygiene office. I had the dental hygiene knowledge however needed someone with the business expertise to guide me. From the planning stage to execution of the plan Nicki brought her knowledge, passion and drive that made my dream a reality! I would highly recommend Nicki!    

C. Lacy

Nicki became my coach during a time when my career was stagnating and I was lacking confidence and unsure of my next steps. Nicki’s personalized coaching plan, mentorship and support, allowed me to identify my own needs both professionally and personally and helped me to find the perfect path where I could use all of my skills, knowledge and abilities. I am very grateful to Nicki and highly recommend her as an effective business coach.

 

 

C. Lacy

2016-04-25T08:48:54+00:00

C. Lacy

Nicki became my coach during a time when my career was stagnating and I was lacking confidence and unsure of my next steps. Nicki’s personalized coaching plan, mentorship and support, allowed me to identify my own needs both professionally and personally and helped me to find the perfect path where I could use all of my skills, knowledge and abilities. I am very grateful to Nicki and highly recommend her as an effective business coach.    

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