Perhaps you are already thinking that it’s time to quit your job and become an entrepreneur and start a sole trader business. If that’s the case, you will want to give it some additional thought before taking actions that you might regret in the future.
One of the reasons why many are hesitant to quit their jobs to become business owners is because of recession. And even though the economy is rebounding after a long recession, there are still some things to consider before you try to make the jump from employee to entrepreneur unless you know exactly what you are setting yourself up for in advance. The things to think about first include the type of work you have been used to, your previous experience being self-employed, and the role your family will play as you make this life changing transition.
Quitting your job to run a business is not easy as it sounds especially when you are already used to working from Monday to Friday regularly, from nine through five. Keep in mind that working for yourself solo as an entrepreneur means that you won’t be working on regular hours. Rather, you will be working either less or extended hours when needed.
Jumping from a regular employee to becoming an entrepreneur is not easy especially when you work for the government. For more tips on how to adjust from this transition, read this blog post from Flying Solo Australia: http://www.flyingsolo.com.au/startup/government-employee-to-solopreneur