Ditch the 9 to 5 world and create your own job

  • 15/10/2015
Ditch the 9 to 5 world and create your own job

Make a plan and get going.

That's the advice from careers expert Laurel McLay.

She says there are three things which will drive your success when starting a new business.

Write a cashflow forecast but be conservative, Laurel says it's a good idea to double your planned expenditure and halve your expected cashflow.

Communicate with your family, make sure they know how hard it is going to be and how much time is needed to make it happen.

Market research is essential, but at some stage you're going to have to bite the bullet and give it a go.

Laurel says one option is to talk to your employer about dropping one day a week from your work schedule to make your business a reality.

"You want to be in this for the big gains. It's the whole idea of selling the business for Lotto-like figures in three to five years."

She says starting a business is great for personal development as it will really let you know who you are.

Watch the full video for the full segment.

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