Do you ever want to start your own company, but you’re too afraid to lose that steady paycheck from your day job? What if I told you, that you could start your own company from the very cubicle you’re sitting in? Sound too good to be true? Not so. I’m a great believer in entrepreneurship and the following article from Business 2.0 (my favorite business magazine for those wondering) suggests different ways to build a new company from your current gig.
1. Use Your Salary as Funding
Finance your idea from your paycheck for as long as possible before selling a big stake to early investors.
2. Turn Common Complaints Into a Business Plan
Just because the company you are working for isn’t filling a customer need doesn’t mean you can’t go off on your own to fill it.
3. Make Your Boss a Beta Tester
Try your product out first on your employer, and then perfect it.
4. Cash In On Your Company’s Reputation
Use your connection to your former employer to open doors.
5. Convert Your Employer Into a Business Partner
Convince your company to spin off your unit.
Happy venturing to those considering, and let me know of any success stories!