Entrepreneurship, in its very essence, promotes accountability, flexibility and independence. During challenging times such as the COVID19 pandemic, we must seek career opportunities not governed by higher management. To be your own boss requires commitment and passion at the highest level. The novel Coronavirus is not only life-threatening but has adversely affected and crashed global markets. This has eventually resulted in staggering unemployment rates, which is indeed a concern. To prepare for such unforeseen circumstances, people must have alternate options.
However, on the bright side, direct selling companies are providing empowering opportunities and platforms for aspiring entrepreneurs. For example, QNET commits itself to uplift the general public regarding career flexibility, financial independence and market exposure. In addition to this, QNET India promotes the importance of a diverse product portfolio via the eStore (e-commerce portal with detailed product specifications). Therefore, register today as a QNET representative and be your own boss!
Becoming Your Own Boss – What Does it Mean?
Independence is an integral part of who we are as human beings. At some point or another, we must focus on opportunities that enable us to take charge of our passion. For example, in a corporate environment, we must follow a pre-determined structure regarding working hours, monthly targets and compensation. However, over a period of time, monotony in a mechanical working structure is inevitable. Therefore, to ignite creativity and innovation in any work environment, people must be free to think, design and implement.
What is Gig Economy?
The gig economy is generally a market that exchanges resources/workforce with companies and agencies that facilitate contract-based working environments. In other words, the gig economy is also the collaborative economy. Instead of employing a permanent workforce, partnering with the gig economy can pave the way for diverse and distributed opportunities. With millennials constantly on the move, freelancing possibilities can help people and brands adapt to agile business environments.
Let us now examine the reasons to become your own boss!
Problem Solving and Knowledge Implementation
Business decisions are calculated and involve risks. Problem-solving is an integral part of success as an entrepreneur. Therefore, with pre-determined resources, one must focus on variables to prepare, analyse and create. Product offerings are directed towards a target audience. Therefore, with research and market knowledge, one can examine performance indicators and invest in problem-solving. Also, it is equally important to seek inspiration from experts about business ideas, competitive edge and performance metrics. All of this, combined together, contributes to a worthwhile purpose.
Validate Business Idea & Categorise Target Markets
Success in direct selling depends on several factors. Before jumping to conclusions, we must assess our expertise, categorise underlying expertise and devise a business plan. It is also important to analyse competitors, conduct a survey to estimate market trends and determine the size of the target market. Before that, ask yourself about who would purchase your product and what services will you render. Determining the size of your target market and revenue resources, you can eventually beat the competition and strike a perfect work-life balance.
Adapt to Transition
It takes courage to move from a steady paying job to pursue your passion. Working in a corporate structure can provide job security. However, it is important to consider when you plan on transitioning into becoming your own boss. The benefit of this transition is to capitalise on savings, which can be directed towards building your business. For example, assessing living costs, personal expenses and getting trained while on a full-time job can save time and promote entrepreneurship growth.
QNET has always believed in providing empowering platforms for aspiring direct sellers. To conclude, pursue a career in direct selling and take charge!