(from rd.com) You’ve heard the saying: “Failing to plan is planning to fail.” These strategies can help you ensure a successful transition to the career of your dreams.
1. Figure out how much money you need to get your business off the ground
As a career coach, I often have a client to come to me with a great idea for a business that they can run from the comfort of their own home. Maybe it’s an interior design business, a tutoring business, or a catering business. My first question: “How much money are you planning to spend on this venture?” Do you need a website, business cards, a dedicated home office? Might you need to go back to school? Figure out what you’re prepared to invest in your dream job in order to make the money you want to earn. Have a budget and financial plan; don’t just close your eyes and hope.
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(note: I originally wrote this piece for Reader’s Digest’s web site, www.rd.com)