Working for Yourself

Starting your own business is a big step, but this expert's advice will help pave the way towards success.

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Use your vacation to test a full-time run

If you think you might be ready to transition from full- to part-time, consider using your vacation to do it. In that one- or two-week period, you can find out what it's like to devote your whole day to the business. Having your own business is a way of life. You need a full-time reality check to be sure that you really like it.

Published on March 14, 2008

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Step Four: Don't Quit Your Day Job

Although your goal is to focus all your energy on your own business, it's not unusual for entrepreneurs to hold down a traditional job while their companies grow.

Step Three: Find Your Funding

Learn more about the sources of funding you can tap into when starting your own business.

Step Five: Insure Success

The failure rate for new businesses is pretty bad to awful, depending upon who you ask. Give yourself a leg up on that data by doing a few things over and over again.

Step Two: Hone Your Brilliant Business Idea

Everyone has good ideas, but we are so often at a loss as far as how to use them. Learn how to hone your brilliant idea into a great business plan.

Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.

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