How to Make the Leap from Employee to Entrepreneur

Making the jump from employee to full-time entrepreneur can be scary...BUT it doesn't have to be.

I've been an entrepreneur now for 8 years. I've started several companies, including my own software company that I raised $500,000 for within a year. I have also coached hundreds of entrepreneurs for 11 years on how to create a solid business and raise money (many entrepreneurs who have gone on to raise thousands and millions of dollars).

However, moving from a full-time employee with a business on the side to a full-time entrepreneur can be scary.

Some real fears:

What if this doesn't work?

How can I make sure I can pay my bills?

How can I be sure I can take care of my family?

There are ways to overcome these fears with the right plan in place.

Here are three tips on how to move from employee to entrepreneur:

1) List all monthly personal and business expenses

2) Make a revenue and savings plan

3) Plan the activities and resources needed