What are the steps to becoming Gainfully Unemployed?

Written by Edward B. Toupin

Continued from page 1

You need to start talking with potential clients and get your name out there. You also need to begin work right away inrepparttar direction you want to go by working at night and weekends to make it happen. This step will test your abilities at handling your new venture before you leave your full-time job. If you can't make it happen on a part-time basis, then stop here and keep your day job.

* Prepare Your Business The type of business entity and direction you select is important for professional presentation and for tax purposes. It is important to research your direction and match it against a business entity that will best meet your needs.

* Market Your Product or Service Selecting your market is very important for success. You want to make sure thatrepparttar 117984 market you select suits your product or service (i.e., telecommuting freelance work, etc.) You don't want to have to wrestle with potential clients to make a sale---you want your product or service to be accepted. You can stormrepparttar 117985 walls later, just make it happen for now.

* Pack Awayrepparttar 117986 Money While you are working full-time, make sure to pack away that extra money for when you make your leap. There are various ways to determine when you are financially ready forrepparttar 117987 leap and ways to make sure you don't go broke inrepparttar 117988 process.

* Easy Does It Make sure that everyone in your family is prepared forrepparttar 117989 change. Also, make sure that you have established yourself so that you can walk into your new endeavor with confidence. This is just as important as finances! Your new work environment and lifestyle will affect everyone differently.

* Quit Your Job We reach that glorious day when you quit your full-time job. Do it with dignity and style. You never know, your former employer could be your first client and your best reference for other clients.

Edward B. Toupin is a freelance consultant, writer, and published author living in Las Vegas with his singer/actress wife. He currently handles technical writing tasks for various companies in New York, Chicago, and Denver as well as imagineers and markets feature-length screenplays.

Gainfully Unemployed... Making the decision to strike out on your own!

Written by Edward B. Toupin

Continued from page 1

--- The Bad News ---

It's estimated that only about 30 percent of all newly founded opportunities inrepparttar United States are still in business after five years. The primary reasons for failure are poor management, from lack of necessary skills, and underestimatingrepparttar 117983 amount of money it takes to get started. Do you see howrepparttar 117984 traits mentioned inrepparttar 117985 previous section come into play?

But, wait! We're not necessarily talking about starting a business---we're just talking about breaking away and going into business for ourselves. Well, it'srepparttar 117986 same thing. When you work for yourself, you're viewed as owning a business. With business ownership comes all ofrepparttar 117987 rights, obligations, privileges, headaches, and benefits of owning a small business.

As a small business owner, you're going to have less time for your personal life and you'll probably be using much of what you own as collateral to raise money forrepparttar 117988 business. If you are willing to make those sacrifices, then let's move on to some ofrepparttar 117989 advantages and disadvantages of owning your own business.

* Pros: - Make more money than you can when working for someone else. - Berepparttar 117990 boss and makerepparttar 117991 business decisions. - Job security. - Put your ideas into practice. - Learn about and participate in every aspect of a business. - Gain experience in a variety of disciplines. - Work directly with customers. - Benefitrepparttar 117992 local economy. - Personal satisfaction of creating and running a successful business. - Work in a field or area that you enjoy. - Build real retirement value. - Put down roots in a community.

* Cons: - May have to take a large financial risk. - Work long hours and may have fewer opportunities to take vacations. - Spend a lot of your time attending torepparttar 117993 details of running a business. - Income is not steady. - Undertake tasks you find unpleasant. - Learn many new disciplines.

If you haven't closed this article yet, our primary focus is onrepparttar 117994 business you can operate from your home. The benefits of working at home not only outweighrepparttar 117995 cons, but, in most cases, completely cancelrepparttar 117996 negative aspects of running a small business.

* Pros: - Startup costs will be lower. - Operating costs will be lower. - Commute will be shorter. - Live anywhere and still operate your business. - Flexible schedule since your business can be conducted at your convenience.

* Cons: - More vulnerable to interruptions from family members and neighbors. - May have trouble attracting qualified employees. - May be less accessible to suppliers. - May have an image problem. - May run out of space at home if your business grows.

--- Making It Happen ---

Actually, once you makerepparttar 117997 decision, you are already making it happen. I remember waiting for years deciding whether I wanted to takerepparttar 117998 leap. But, one thing I found was that I could come up with a hundred reasons why I shouldn't takerepparttar 117999 leap, and only a few reasons why I should.

I always worked inrepparttar 118000 ivory tower of corporations and I always worked to climbrepparttar 118001 ladder. As I went uprepparttar 118002 ladder, I missed having my hands inrepparttar 118003 middle ofrepparttar 118004 work. I wanted to dorepparttar 118005 work, not watchrepparttar 118006 work happen around me.

My mind was racing and playing tricks. I likedrepparttar 118007 steady trickle of money from my full-time job because I knew that if something happened, my wife would be okay. I knew that I would have a job for years to come and I would never have to go on another interview.

Onrepparttar 118008 other side, I knew that I could make more money if I went to work for myself. I knew that I would have to find work and try to keep it and I would always be interviewing for new work.

I did some self-analysis to determine what my real problems were that contributed to my indecision. Stay or go. Do or don't. After some thought and realization, I concluded that I was scared. I was scared to death to takerepparttar 118009 chance at success. Many ofrepparttar 118010 people that go to a psychiatrist's office are not failures---they are successes. People have an inherent fear of success. It is easier to wallow in sameness and security than it is to make a change to set yourself up for success.

The way I handled my fear was to start jotting down what I thought was success. I made a long list ofrepparttar 118011 things that I thought would put me in a position of being successful---by my own standards. Money, home, high-paying job, writing more books, and numerous other items. The problem was that I was not specific in my success list, which left me just as confused and scared as before. So, I sat down and rewroterepparttar 118012 list, this time, being more specific:

- $250,000 per year - working in a creative position where I could write and develop ideas and direction - write and publish 10 books this year covering predefined topics - write and self-publish two books this year covering predefined topics - ...

This is something I could work with. Now I can sit down and createrepparttar 118013 steps required to achieve each item. But, do you noticerepparttar 118014 inconsistencies inrepparttar 118015 list? You can't write creatively and develop your own ideas, write books, make that amount of money, and work for someone else. This list helped me decide, conclusively, that I had to make it happen for myself. These goals were ones that I decided would make me happy and this was what I had to do.

Edward B. Toupin is a freelance consultant, writer, and published author living in Las Vegas with his singer/actress wife. He currently handles technical writing tasks for various companies in New York, Chicago, and Denver as well as imagineers and markets feature-length screenplays.

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