Wise Startup Blog

Did you just get laid off? Or are you looking for a way to earn more cash? Either way, now is the best time to start your own business, but the hardest part is getting started.

Starting a business is like pulling off a band-aid RIGHT OFF!

Collected here are 6 immediate steps you can take to get started on your path to financial freedom.

Lease an Office

With so many tenants moving out, you can easily grab a sublease from an office and get your own unit. The trick is, to make the decision as fast as possible. The more you sit around and think about it, the less likely you’ll do it.

Get the office before you even have an idea, it’s the best motivation you’ll ever find.

Market Your Skills

Will someone pay you to do any sort of work? Test the market for your skills by posting some notices on Craigslist and respond to WTB (wanted to buy) posts online. If people are willing to pay you to work, you have an immediate income for when you get started on your new venture.

Save Your Money!

If there’s one thing all businesses need, it’s working capital. Make sure you have enough money to runway your own personal living expenses at least 6 months, and more likely 12 months. You’ll want to make revenue as soon as possible, but it’s better to be overprepared when it comes to financing.

Make Your First Sale Before You Have a Business

Are you extremely cautious about quitting your job without any guarantees? Well then start selling your product/services. If you actually land a big account, you’ll have to work your ass off to deliver on it, but you’ll have a guaranteed income coming in and the only risk will be staying in your job and losing this opportunity.

Stop Working 40 Hour Weeks and Work 80 Weeks!

Hate your boss? Hate your job? Even clock-watch until it’s 5pm? These are just a few of the motivators that help entrepreneurs appreciate life as their own boss. Working for yourself you’ll often work about 80 hours a week, but you’ll love every minute of it.

Do You Want To Be Rich?

Besides taking Government bailouts and receiving $40+ million bonuses, the best way to get rich is to work for yourself. Every day you develop your business you grow the overall value of the company, but working for someone else, you’re just helping them build up themselves, and you don’t get any long-term return.

Not all business people are rich, but almost all of them are happy.