Many people spend their adult lives climbing the corporate ladder. While it’s a stable way to build a life for yourself and support your family, the grind can be draining. After years – or even decades – in the corporate world, it’s natural that you’ll be prepared for a change. If you aren’t ready to retire, you’ll need to decide your next steps.

Starting your own business is an appealing option, but you may be put off by the challenges involved. One of the biggest perks of a corporate job is financial stability, and the idea of leaving that behind to pursue business ownership might make you give up before you even start. Any business venture is inherently risky, but there are steps you can take to help yourself succeed.

Explore our best advice for quitting your corporate job to start a business.

Top Tips for Quitting Your Corporate Job

Understand Your Why

Knowing your motivations for business ownership is key to a successful entrepreneurial journey. As rewarding as business ownership can be, it’s also rather challenging, and your “why” will keep you driven no matter what comes your way. Most people leave their corporate jobs for better work-life balance. Years of long hours at the office can make the freedom to set your own schedule and spend more time with your loved ones feel like a luxury. For others, their primary goal is financial independence or building generational wealth. Although it’s important to remember that growing a business takes time, and these things will not be available to you immediately, the effort you put into realizing these goals is well worth it!

Discover Your Passions

Once you’ve identified the positive changes you’d like to make in your life, consider the things you care deeply about. If you don’t feel strongly about your actions, you won’t be as driven to help your business grow. Instead, you’ll want to build a business that reflects your passions. This could be anything from a business idea you’ve been dreaming of for years to a simple desire to serve your community.  

Pay Attention to Details

Quitting your corporate job and starting a business requires a lot of work. To put your best foot forward, you have to be sure you’ve taken care of every last detail. According to the U.S. Small Business Administration, the steps you’ll need to take before launching your business include conducting market research, developing a business plan, acquiring licenses and permits, and choosing your location.

Ask for Help

Starting and growing a business often feels lonely, but there’s no reason it has to be. Reach out through your professional network to see if your connections have any advice or if they’d be willing to introduce you to someone who has. Most entrepreneurs who have been in your shoes will be more than happy to share tips and guidance.

Leave Your Corporate Job for Franchising

Looking for a safer path to business ownership? When you’re weighing starting a franchise vs. starting your own business, you should know that franchising provides entrepreneurs a better opportunity to succeed. There are appealing franchise brands in nearly every industry, allowing you to cater your business to your passion and community needs.

As a franchisee, you’ll be part of a system that can give you resources and tools that independent business owners won’t have access to. Your franchisor has already done the hard work of creating the business, which gives you more time to focus on growing your location. Reputable franchise brands help their franchisees through:

• Operational support
• Initial and ongoing training
• Valuable business resources
• Marketing and advertising assistance
• An established business model
• Access to other franchisees within the system

Throughout the life of your business, you’ll have experts in your corner helping you thrive. With this invaluable resource, the personal goals and passions that lead you to leave your corporate job can become a successful business.

Franchise with  Home Franchise Concepts

Home Franchise Concepts has helped countless entrepreneurs leave their corporate jobs and find business success in the $90.46 billion home services industry. Our family of brands provides services every community needs, and with our industry-leading brand recognition and loyalty, growing your customer base couldn’t be simpler.

At  Home Franchise Conceptswe know what it takes to help first-time business owners thrive, and we can’t wait to count you among them. Submit our franchise inquiry form today to get started.