5 Ways Professionals Can Succeed As New Entrepreneurs

This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/06/21/5-ways-professionals-can-succeed-as-new-entrepreneurs/

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by Dr. Seth Newman and Dr. Efstathios Giannoutsos, co-authors of “Giving It To You Straight: Everything You Ever Wanted To Know About Orthodontics But Were Afraid To Ask“

It’s been a common occurrence in recent years: Company downsizing or restructuring has left skilled professionals looking for a job. Or, feeling constrained, they jump to a better growth opportunity.

But, with the era of lifetime jobs at a single firm or company long gone, many doctors, dentists, lawyers and other professionals also are opting to work for themselves, becoming entrepreneurs and launching their own start-ups.

Some who already started small practices have expanded into several locations. As dentists and business partners we can attest that the learning curve of running and growing a business in multiple offices — while still practicing our profession — can be challenging but also rewarding.

It was never our plan to run a practice, or even co-run one. But then the financial crisis of 2008 happened, and a lot of the opportunities that had been available before were now gone. But we were able to flip those circumstances on their heads and use them to our advantage.

The biggest challenge initially was finding clients. But we learned to use different resources and educate ourselves in the business side as we did in our chosen career.

Here are five tips for professionals transitioning to running their own business:

1. Be passionate.

Entrepreneurs tend to be extremely passionate about their work. They need to incorporate the same passion for running a business. Think about how running your own business could transform your career, send it soaring. That kind of spirit energizes you and all those around you.

2. Be bothered by inefficiency.

Entrepreneurs … Read More

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