Start your business transition with these first steps!
Ask yourself the following questions to find clarity on the entire process.
Clarity on what I wanted was literally a life saver throughout my whole transition or pivot.
After all, I’m a dreamer.
So, how do you start?
It starts off by knowing what you really want in life.
What your end game is.
What enormous goals do you have for yourself and what in the world is going to get you there?
If you are struggling to decide if you are ready to transition from one business to another, or you are ready to stop the back and forth debating once and for all, then read on!
At this point, you’ve probably been unhappy in your current business for some time and want to start something new. You may have no idea what that new thing is; or you may have already started a side hustle. Both are fine!
Go through these questions below:
1) What Lights You Up:
Your current business just isn’t giving you that passion and drive you once had, I get it. You’re probably struggling to get tasks done that never used to take you much time.. the thought of doing some of the most basic work is like pulling teeth now.
Welcome to my world. But trust me, it gets better! Just hang in there.
You need to get real clear on what you DO what.
- What sets your soul on fire? What lights you up?
- What is your meaning in life?
- If that’s not getting you to where you need to be, answer me this: If time and money weren’t an issue, what would you be doing in 5 years? 10 years?
Journal on that.
2) What’s the problem:
You want to figure out why you are unhappy with your current business.
- Ask yourself what aspects of it do you love, and what do you hate?
- What can you change to enjoy it more?
- How long have you felt unhappy, unmotivated, and all those emotions that brought you to this place for?
When you’re reflecting back on how you currently feel and what the underlying problem is, ask yourself if you really gave it a good chance at overcoming that issue?
Have you tried different tactics to succeed?
Committing to a business transition and embracing your pivot is a huge step, you want to be sure you’re ready and that you’ve tried everything else.
3) Not sure what to do?
We all get this feeling.. you’ve been doing what you’re doing for so long. How can you possibly take a risky move and pivot to a new business? Start over…
And if you’re anything like me, the risk is well worth the reward! Staying stuck in a job you hate (even if you own it!!) is not fun.
Don’t worry if you aren’t 100% sure of your future company, don’t worry if you want 3 other things and aren’t sure which one is best.
The idea here is HAVING AN IDEA and it excites you. You must follow that excitement! Don’t do a business plan, you’re not going to the bank. Don’t worry about all those details!
Ask yourself this:
- Does this excite me?
- Is there a demand for it?
- Could I do this?
If you answered yes to those questions, run with it!
Remember, nothing is set in stone.
4) Don’t be stupid:
Yuuup, I said it.
I’m not the type of coach that will tell you to quit your job (or business), sell your car and risk your life savings on this.
I have a family to feed and bills to pay and made a business transition in a responsible way, and I would expect you to do the smart and safe thing too!
This doesn’t mean you never get to fully embrace your pivot, this just means you are going to take baby steps in the right direction.
So, now what?
Once you’ve decided that you want out, you have an idea of what you want to do, now you start planning!
Remember years ago, when you started your current business? Well, it’s the same idea!
Go do the dirty work!
Do the research, find out about your competitors, niche down, nail your ideal client, and if you’re ambitious enough, grab a domain and get some social media presence going!
After all, you’ve done all that before.
It doesn’t have to be perfect. It just has to get started.