- Posted by Alliance Technologies
Many of us dream of leaving our corporate jobs and starting our own business. Only a few make the attempt, and barely, a handful of business owners are successful! If you are curious about what it takes, here are some things to consider—and a sneak preview from the 2017 publication “Corporate To Entrepreneur” by James H. Canada, Managing Partner & CEO of Alliance Technologies, LLC.
- Start by researching viable industries and look for services that have continued to expand and stay in demand. Once you have your focus, the planning work begins.
- A new business is more than the idea—you want to have a plan that conveys your vision to funders, partners, and staff. A good strategic plan will also establish a solid foundation for creating a successful business. Many aspiring entrepreneurs have an idea, but do not take the time to think through a well-documented, comprehensive plan.
- Don’t be afraid to take the leap—but calculate your risk and assess your skills. You may find that much of your corporate training will provide you the tools you need as a business owner, i.e. leadership, resilience, problem solving, customer satisfaction, employee empowerment and trust in the workplace.
- Don’t expect to walk into the neighborhood bank and get a loan from an agent that does not know you. Begin now cultivating relationships within your community. Volunteer your time and service at local non-profits. Join the chamber of commerce, Rotary, Masons or other organizations. Begin to build your valuable network of trusted relationships.
“If your heart is in the right place and you help others, the value will return to you in multitudes,” according to Jim. In his first year of business, his networking connections brought in 70 new clients. Seven years later, his company continues to thrive and grow.