You’ve been working as a freelancer for a while and you’re ready to fully commit to entrepreneurship. Maybe you’ve continued to work your 9-to-5 while you freelance on the side as a means to test whether you could make full-time income doing what you love. Or maybe you simply want to grow your business beyond the work you do as a side hustle.
Transitioning from freelancer to entrepreneur may not be as simple as you’d think it should be, so make sure you follow these steps to ensure success.
Step 1: Look at the money
If you’ve been relying on a steady paycheck from your day job, quitting it will understandably impact your finances. It may take a while to get enough work to equal to full-time (or more) so you need a plan for this lifestyle change.