How to Start Working for Yourself Amidst the Pandemic
If the COVID pandemic made us realize anything over these last couple of years, it’s that we should be learning to work for ourselves! We found that too much of our livelihood is dependent on the will of other people instead of ourselves. Businesses began to close, and most people were without work, with everything out of their control.
Then, that one thought crossed our minds. If we worked for ourselves, we could continue to work at our own time and pace. Even those who were lucky enough to keep their jobs and work from home likely realized they could be putting their efforts into working for themselves.
Countless people began putting together crafts or utilizing their unique talents to sell things online, and I feel like the community mindset really changed. Now, as people re-emerge from their homes, I’ve noticed that many of them are starting their own businesses, realizing how important it is to work for themselves during the pandemic.
Does this sound like you? Perhaps this is what you’re looking to do for yourself, but you don’t know how to get the ball rolling? Well, have no fear! Here’s a guide to get you started.
First things first, it would be unfounded to believe you can start your new business without getting at least a little bit of funding. But don’t worry. While this may seem daunting, there are numerous ways to get financing for yourself.
The first and most common one is to get money by getting a small loan. Simple enough! To get approved for a loan, you need to fill out a secure online loan application on a lending platform such as GetCash.com. Then, you get matched up with vetted lenders and get your loan application approved within 24-48 hours.
If getting a loan seems daunting, you can always try running a fundraiser on a popular platform and offering people rewards based on their contributions to your dream. If you’re looking to create items to sell to people, that’s the best way to fund your new goal, as you can have people donate to the fundraising campaign in exchange for the item.
Next, you’ll need to set up your company. If you’re looking to start small, you should think about starting as an LLC. You can always scale if you need to. If you’re the sole owner of the business and the only employee, an LLC should be just fine for you. You can get more information on this on any site aimed at helping you start your business. Just a few forms, and you’ll have an LLC.
If you’re looking to have a few employees involved, you should think about incorporating. In this case, it’s important to read up on the differences between an S corporation and a C corporation to decide what’s best for your business. The bigger your business is, the more likely you should think about starting a C corporation.
After you file the initial forms to set up a company, be sure to set up alerts to keep up with the required paperwork due dates. You’ll need to ensure you file the annual taxes for your business, that you pay the annual fee to have a business if your state requires it, and that you keep your statement of information up-to-date.
Working from home is likely a familiar concept to you. Perhaps you already have a space to work undisturbed from your home. If not, it’s time to set a place where you can work and stay undisturbed.
If you have a spare room, you should convert it into an office. Be sure to have a desk for your computer, and if you are making products with your new business and need some extra space, make sure you also have a worktable and whatever else you need to start working.
It is essential to put aside some space just for work. It is to keep your work and personal life separate. You will be able to focus easier if you steer clear of any distractions. Having a space dedicated entirely to work will train your mind to concentrate on the tasks at hand. When you leave the designated room, you then leave your work behind until you’re ready to pick it up again.
It’s also important to make a schedule and stick to it to keep yourself productive. Even though you work for yourself, you need to treat it as if you work for someone else. After all, if you don’t value your time, no one else will.
Once you’ve set up your funding, company, and workspace, it’s time to get to work! Stick to your schedule, concentrate on the tasks at hand in the designated workspace, and make a name for yourself.
We’re living in a time of change. Now, more than ever, the world is full of new opportunities, so I hope you can seize them and start something that will help you feel more fulfilled in your life during these unprecedented times.