A client came to me recently when she was thinking about leaving her full-time job to startup a business of her own.
She had thought about it for a while—in fact, she had already tried to go into business once before, but had been too scared and worried to go for it. She didn’t believe that she could create a business that would pay her bills, so she went back to the corporate world.
Even though my client doesn’t hate her job, she told me that she just wished she was doing something that was for her and about her.
She asked for some advice on what she could do to prepare herself for the transition. So I reflected on what I would have liked to have known when I first struck out on my own, and I realised that there were three important things.
1. Do your inner work
If I had started doing some inner work at the time I was thinking about going into business—before I even did it—I would have realised that I was afraid of a lot of things. I was afraid of being seen, I was afraid of whether clients would find me, I was afraid of whether I would be any good at what I was going to do. I was afraid of making enough money, I was afraid of not making enough money, and the list went on. These were the things that I had to deal with when I finally plucked up the courage to strike out on my own. Life would have been a lot different if I had started the inner work at the time that I was considering doing my own thing.
If you’re afraid of the things that I was, then you must have a lot of triggers and fears and anxieties—and it pays to get help to work through some of those anxieties to arrive at a point where you can move forward, make decisions, and start preparing for your transition into your own business.
2. Be grateful
The second thing that I was very aware of after I had struck out on my own was that I made it such a struggle for myself—that is, the whole decision process about striking out on my own.
I had big conversations in my head and I created lots of stories. I forgot that I was really, really lucky to be in a position where I could actually consider doing my own thing. I lost sight of the gratitude that I should have acknowledged and embraced to have been in that position. It’s an amazing opportunity to be able to work on yourself, on your life, on your decisions, and learn all kinds of things like trust and abundance and business skills.
Be happy where you are and be grateful that you’ve got the opportunity to even think about your own startup. Take a step back and observe what’s going on for you at this time—then, the pathways will become a lot clearer about where you want to go and what you want to do.
3. Just do it
It’s never the right time. It’s never, ever going to be absolutely the right time for you to do anything—sometimes, you just have to do it.
It really helps to have worked on your mindset and to have an attitude of great gratitude and abundance and to be grateful that you are where you are at this time—but it’s never a good time.
My client also asked me whether she needed to be legally prepared in any way before going into business. What I told her was that, in the whole startup process, the legals come almost at the end of it, and first you need to have smashed through a lot of these thinking processes about what you want to do, how you feel about it, who you want to work with, what your product is going to look like, and what your service is going to look like. After that, you’ll want powerful legals supporting the business you’ve built.
So that’s what I shared with my startup client about getting ready to be a great self-motivated entrepreneur who’s going to be responsible for their own joy and their own happiness.
Not sure what legal documents you need for your stage of business?
Download my free Cover Your Bases checklist for a clear, simple and step-by-step guide. Whether you’re a startup, or scaling up – this guide is essential.
Are you getting ready to make the move into your own business?
Book a free chat with me to help you understand what is important and what can wait!
Lawyer, Contract Specialist, Speaker & Advocate for Women in Business.
Drawing on more than 15 years’ experience as a lawyer and a woman in business, Shalini Nandan-Singh helps Australian service-based entrepreneurs protect their businesses and their bottom lines with empowered legal advice and contracts.
Encouraging listeners to #loveyourlegals, Shalini firmly believes that business legals should be an authentic extension of your business. Her goal is to educate audiences that, rather than confusing legalese, business legals should be an authentic extension of your business, creating positive business boundaries that support you in working with your clients with compassion and understanding.
Disclaimer: This blog is written to support business owners to consider legal requirements and issues that may arise in business. The information provided is for general and educational purposes only. It is not intended as legal advice for your individual circumstances. Please consult your lawyer for advice specific to you and your business.