Ready for the next step? Transitioning from freelancer to entrepreneur

Transitioning from Freelancer to Entrepreneur

There are 53 million Americans freelancing today, and collectively they are earning $715 billion a year. * While these numbers may look impressive, they actually indicate that a given freelancer is only bringing in $13,490.56 a year.  Not surprisingly, some individuals are wondering if they should make the move from part-time freelancing to full-time entrepreneur.

Making this move can be a scary step, but its potential to bring you many rewards can be quite appealing!  It allows you to work for yourself, on the projects you love, and it has the potential to make the income you need.

Before taking the plunge, however, you need to do some research, analysis, and preparation.  Consider the following steps to help you to begin:

Learn how to work smarter, not harder in this article from Entrepreneur

  1. Develop a vision

    The biggest enemy can be you!  If there’s a small voice inside of your head saying “you can’t do this,” then your first step is to turn off that voice and develop a realistic vision.

    Show yourself that freelancing can be your reality. Your idea isn’t a whim – it’s a business plan. Begin envisioning by creating a business name and a vision for your company. This will help you develop a mental picture of your business and to give yourself a clear path to follow.

  2. Believe in yourself

    Everyone has to take a leap of faith sometimes and it’s okay to have – and to acknowledge – your doubts.  You do also need to be prepared to overcome them, however. It takes practice to overcome doubts, but it’s an important practice. Be sure that you’re mentally invested in your business before you quit your day job.  If you doubt your own ability to find success, you won’t find it.  Believe in yourself!

  3. Decide on a form of business
    You can decide to change the form of your business down the line, but it’s good to have an original plan so you can properly arrange the financial aspects of your business.  You can set up a legal entity for your business (such as a limited liability company) or you can operate your business as a sole proprietorship.  The choice is yours, but do the research first.  Ask yourself:  What are my business goals?  What are the benefits that would come with each model?

  4.  Set up the financial processes
    You can’t begin to bring in work if you’re not fully prepared for it.  Develop your prices and invoice templates.  Create an accounting plan and figure out how much you need to set aside for taxes.

  5. Work on your portfolio
    You shouldn’t launch a business before you have experienced with the work and can demonstrate those experiences to others.  If necessary, delay the launch of your business until you have quality samples of the work you will sell.  If you find you can’t create a solid portfolio of samples that accurately represent your work, then it may not be the right time for you to develop your own business.

  6. Create marketing materials and advertise your business.
    You need to have at least some initial marketing goals as you launch your business.  Develop and launch a website and social media profiles.  Reach out through your business and personal networks and let everyone know that you’ve started a new venture.  Have business cards and/or literature to hand out to them.

 

The bottom line is that, with proper planning, research, and hard work, you can make a go at creating a business that you are really passionate about. Be brave and take the leap when you’re ready!

Healthier Ways to Get Over The Afternoon Slump

Getting over the afternoon slump

Many of us experience it on a regular basis.  You’re having a productive morning and feel energized and on task.  Then sometime in the early mid-afternoon, a wave of sleepiness suddenly hits and you’re yawning and fighting to keep our eyes open.  It’s the “afternoon slump!”

The afternoon slump is perfectly natural and normal. It’s a mini version of the drowsiness we feel before bedtime. Right before you go to sleep at night, your core temperature begins to drop.  This signals the brain to release melatonin, the sleepy hormone.  The same conditions occur during the afternoon, but on a smaller scale.  Your body is telling your brain to get a little sleepy.

But don’t blame your body!  What you are eating – and when – is also a key factor!  How you respond to the afternoon slump also matters.   Stay alert with the following tips:

 

Get more sleep at night!

On average you should be getting 7-9 hours of sleep every night.  Losing even one hour of sleep can result in slower mental functioning the next day.

 

Eat a good breakfast!

The best way to keep your energy level at peak performance is to start the day with a solid breakfast. Missed meals mean you miss out on nutrients, which can affect your ability to concentrate during the day.  Most women should be eating about 300 to 400 calories for breakfast, and most men about 500.  Try for whole-grain bread and cereals, and fresh fruits.

 

Drink More WaterDrink more water!

Everyone’s body needs a certain amount of water to function properly and when you don’t have enough in your system, your body slows down.

 

 

Snack wisely

Snacking on fruits and vegetables to will boost your intake of vitamins, minerals, and fiber.  When you snack, keep moderation, variety, and balance in mind.  Avoid junk food that is high in fat.  Fatty foods take a longer time to digest and will make your body feel sluggish.   If you have to go to the vending machine, look for peanut butter crackers, a nice carb-protein combination.

 

Watch the sugar!

Eating sugar can give you a boost in energy, but when sugar is introduced into the bloodstream, the body also makes insulin to lower the blood sugar levels. This can cause the body to over-adjusts itself, causing the blood sugar level to drop rapidly. This means you may experience a big DROP in energy about 30 minutes after eating that sugary snack. Use sugar in moderation, and try and combine proteins, carbs, and fats for a more even blood sugar level.  Avoid that roller coaster 🎢!

 

Take a fitness break!

A great way to fight off the afternoon slump is get up and move around!  Do some stretches – or better yet – take a quick walk to get the blood pumping and to stimulate your mind. Many Barrister Suites locations have perfect places for you to take a walk outside so you can reduce stress, and stay alert!