7 Tips for Surviving The Leap From Employee to Entrepreneur

Becoming a successful entrepreneur takes more than a great idea and important connections (although both do help). Making the shift from the steady life of a full-time employee to the unpredictable world of entrepreneurship requires a shift in mindset that many overlook. In fact, some of the work habits you so carefully honed as a good employee don’t necessarily translate well into the world of an entrepreneur.

According to the Small Business Administration, only half of new businesses will survive to see their fifth year. Making that mental switch from employee to entrepreneur can help you avoid being one of those businesses that doesn’t make it. Here are seven tips for thriving while adjusting to life as an entrepreneur:

1. Learn to say no

As an employee in a big company, you probably got used to saying “yes” to any and all requests that came your way. After all, “yes” meant you were reliable and a team player and that can-do attitude probably earned great reviews from your manager. However, this approach won’t get you far as an entrepreneur. For starters, with the time-pressed entrepreneurial schedule, agreeing to and doing everything just isn’t possible. But more importantly, as an entrepreneur, you need to set the agenda, not just follow everyone else’s wishes. Get used to saying “no” to everything but your main priorities.

Read the rest of the article at: http://mashable.com/2014/05/30/becoming-an-entrepreneur/

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