1. Family support is critical, especially if your income and benefits are important to your household! Striking out on your own could stress your family finances. The time it takes to launch a new business could stress the time you spend with your family. If you are part of a family, everyone has to be behind you 100 percent.
2. Make sure there is a market for your product or service. The photographer was already working part-time and she was turning away business because of her day job, so she knew she would have the work. The veterinarian had heard from many customers at the vet practice where she worked that there was a need for a service where a veterinarian would come to their homes to treat their pets. She also asked other vets in the area and they agreed there was a need and gave her their full support and encouragement.
3. Have a plan. A business plan is a good thing, especially when considering how much money you need to make, what your expenses will look like and how you should be pricing your products/services.
4. Get help from others. The veterinarian confessed that she was trained and experienced as a vet – not as a business person! There was a lot she had to and will continue to learn about operating a business. So she reached out to other people with business expertise for help.
5. Don’t wait for the perfect time. Both of these women spent many months or more thinking about striking out on their own to start their own business. This was not a decision that was made overnight. They spent time working on their plans and getting their ducks in a row. But both said that it will never be perfect, and that if you wait for it to be so, you’ll likely never take the leap. At some point you just have to go for it.
And going for it they are. Congratulations to Tori Weston, new owner of Tori Weston Housecall Veterinarian (www.toriweston.com), and Anne Schmidt, owner of Anne Schmidt Photography (www.anneschmidtphotography.com). I wish you both great success!