Join Dave Crenshaw for an in-depth discussion in this video Making the transition to full-time business owner, part of Small Business Secrets.
…So let's say that you've made the decision.…You're serious about this idea of moving from being…a full time employee to a full time business owner.…Now, if you can be focused, if you can move all…the way from one to the other, your success is more likely.…But, keep in mind that small business ownership isn't for everyone.…So let's go through a little bit of a process together of determining, first…if it's right for you and then if it is, how to make that transition.…
First of all, let's talk about your risk tolerance.…Being a small business owner is risky.…There is a lot of variability in your pay scale from month to month.…And a lot of times if you've become used to getting a regular…steady paycheck from a company, that thought…can be very frightening and very intimidating.…Ask yourself are you willing to accept that risk, not only the risk…of pay but the, the uncertainty of how many hours you're going to work.…
A lot of people think they're going to be able to work…less as a business owner, when in fact the opposite is true.…
Author
Updated
3/31/2015Released
4/15/2014Skill Level Intermediate
Duration
Views
Related Courses
-
HTML Essential Training
with James Williamson5h 54m Beginner -
Management Tips
with Todd Dewett7h 50m Intermediate
-
Introduction
-
Welcome48s
-
-
1. Finding Your Most Valuable Customers
-
2. Setting Fees and Prices
-
3. Solving Problems
-
4. Working with Family and Friends
-
Managing family and friends2m 59s
-
5. Creating a Business Plan
-
6. Starting a Hobby Business
-
7. Discovering Your Most Valuable Service or Product
-
8. Bootstrapping Your Business
-
9. Creating Culture
-
Building company values2m 34s
-
10. Getting Organized
-
Managing your time4m 45s
-
-
11. Marketing with Social Media
-
Deciding on your channels3m 11s
-
-
12. Business Entities and Compensation
-
13. Small Business Accounting
-
14. Finding Your Marketing Message
-
Refining your message4m 56s
-
-
15. Documenting Business Systems
-
16. Balancing Work and Life
-
17. Increasing Sales in Your Business
-
Developing your sales system3m 15s
-
18. Testing Whether You Have an Idea or a Business
-
19. Hiring Service Providers
-
Selecting and hiring vendors2m 51s
-
20. Hiring Employees
-
Crafting a job and pay range3m 58s
-
Interviewing candidates7m 25s
-
-
21. Motivating Employees
-
Developing people and paths4m 24s
-
22. Seeking Capital
-
Crafting your pitch5m 40s
-
-
23. Working With Difficult Customers
-
Working through complaints6m 11s
-
-
24. Letting Employees Go
-
Making a smooth transition5m 58s
-
25. Generating New Sales Leads
-
26. Maintaining Focus as a Business Owner
-
Avoiding opportunity traps5m 26s
-
27. Thinking Like An Entrepreneur
-
Getting rich your own way4m 16s
-
28. Dealing with Competition in Business
-
29. Avoiding Blind Spots
-
30. Creating a Customer Experience
-
31. Networking for Small Business
-
32. Building Accountability into your Small Business Culture
-
33. Dealing with Business Failures
-
34. Improving Sales Systems
-
35. Giving Back
-
36. Setting Goals for Small Business
-
Measuring your success3m 31s
-
37. Channeling Your Motivation
-
Why you deserve success3m 8s
-
-
38. Building a Small Business Exit Strategy
-
Exit strategy options5m 7s
-
39. Building Customer Loyalty
-
The role of customer loyalty3m 47s
-
-
40. Building Employee Loyalty
-
41. Structuring a Small Business
-
42. Branding Your Small Business
-
Crafting your company story3m 39s
-
-
43. Dispelling Big-Business Illusions
-
44. Understanding if Entrepreneurship Is Right for You
-
45. Managing Remote Employees
-
Leading from a distance3m 11s
-
46. Crowdfunding Your Business
-
Understanding crowdfunding3m 29s
-
-
47. Cultivating Entrepreneurial Curiosity
-
48. Growing into a Mature Business
-
Putting it all together5m 50s
- Mark as unwatched
- Mark all as unwatched
Are you sure you want to mark all the videos in this course as unwatched?
This will not affect your course history, your reports, or your certificates of completion for this course.
CancelTake notes with your new membership!
Type in the entry box, then click Enter to save your note.
1:30Press on any video thumbnail to jump immediately to the timecode shown.
Notes are saved with you account but can also be exported as plain text, MS Word, PDF, Google Doc, or Evernote.
Share this video
Embed this video
Video: Making the transition to full-time business owner