Self-employment
Turn your job into a businessMany entrepreneurs start up by turning their jobs into a business. It's a great way to launch into your own company because your soon-to-be-former employer becomes your first client. ROGER PIERCE |
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 [ 2007-04-25 ] |
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Sound crazy?
Here's how you can go from employee to boss:
- Pay attention to internal changes. While you're working for a big company, keep your eyes and ears open for any type of downsizing, rightsizing or outsourcing. Big companies often decide to stop doing certain things internally, such as fixing computers or assembling direct mail campaigns.
- Approach your boss. If you have learned the company is looking to downsize, approach your boss with a cost-saving solution: Hire your company to do the work you used to do as an employee. Offer to be let go providing your employer is willing to become your first client.
- Assemble former co-workers. If your employer has terminated multiple jobs, you might form a company with your former coworkers and sell your collective skills right back to your employer. It seems odd, but payroll budgets are different from supplier budgets.
- Charge large. Ironically, you may be able to charge your former employer more money per hour than you got paid as an employee. Companies expect outside suppliers to cost more, so quote accordingly.
How many hours a week do you work?