Youtor
7 Steps To Becoming Self Employed
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=wEBB3ES833c
In this video I'm going to give you guys 7 steps to become self employed without having to worry if your going to be sleeping in your car a month from now • 7 Steps To Becoming Self-Employed • 1. Set up an entity: get a CPA and also a business account • As a normal w-2 employee, your employer is liable for anything that happens, and if any lawsuits happen, then it's on them and not you. • However: once your self employed that all changes • • Results: Because he had a corporation, all the liability was on the business, and all he did was closed the corporation and said it had no money. • If the city comes after the business, theirs no money to get • • 2. Decide whether you want to start a business or work for another company. Quit or Outsource • How does it work: Not all self-employment jobs are equal. • Example: Some people ask their boss to make them self employed, so they can write for expenses and have more freedom. • And then some people go out their start their own business (riskier) • Uber and those app that self-employed but already have a system established) ( most risky, because you don’t control anything, uber could be gone tomorrow, but at least you control your own business ) • • Questions: the route you want to go into, you have to decide. • • 3. Emergency Fund • If you quit your job or lose your job, while becoming self-employed, you're going to want to have some security. • • Tip: always keep your job until your side job make more than your main job • • How-to: Figure out your monthly expense and multiply it by 6-12. You should have that much money in a high yield account in case anything goes wrong; you can take 6-12 months to figure it out. • • 4. Finance • Question: Should you finance or venture or start with what you have • • Story: When I was college, I sold phones, sneakers, and a few other legal items. But before I left college, I took a 7000 dollars loan, that 7000 dollar loan today is worth almost 10-11x that. • • My answer: No, don’t get finance until you have experience and grow the business organically and understand it. To many people finance to start a nonprofitable business. • • Ps. Banks are smart, they’ll have some documentation saying that loan is backed by your personally also, and people that lend money will have you sign a good guy guarantee. • • But... If you have a bank account and record, usually banks will offer you loans that are only for the business. • • • 5. Prepare to Fail • Story: if you get used to failing then you’ll quickly start to succeed. • • How to: When you start your first business, you’ll probably fail, the key is to figure out why? • And 100% of the time when your self-employed its because of you, you can't blame anyone including the economy. • • 6. Manage yourself • Pro of normal Job: Its structure, they tell you when to come, when to go, when to eat and what to do. It's like living with your parents • • What I do: Health, Wealth, Love and Happiness ( got it from tai ) • • 7. Constant Growth • What happens after you win: Often the answer is people stop doing what got them there and they fail • Or they keep doing the same thing, and they also fail • • How to: the concept is, become a student of the game you choose to play, and that way you’re always 10 times ahead. • • Bonus: How to pick a business • Do you like, are you good at, is there a market/ can you make money from it • • PRO TIP* • INFORMATION IS EVERYTHING • • 👕Merch👕 • https://teespring.com/stores/tommybryson • • ✅2 FREE AUDIOBOOKS✅ • https://amzn.to/2Enayo8¬¬¬ • • 🎁ACORN FREE $5🎁 • Link: https://acorns.com/invite/38EYSU • • ⚡FREE KINDLE UNLIMITED⚡ (traditional reading) • Link: https://amzn.to/2VGbxt9 • • 👨🏽💻DISCORD PRIVATE GROUP👨🏽💻 ( Limited - Comment if Full) • / discord • • My Camera Gear: https://amazon.com/shop/tommybryson • • ✔ Help Us Reach 50,000 Subscribers: https://goo.gl/0wvm6w • • Social Media~ • • Facebook: / tommybryson.yt • Twitter: / tommybrysonvlog • Instagram: / tommybryson • Snapchat: tommy28fly
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