How To Quit Your Job & Start A Business
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How To Quit Your Job & Start A Business

Take the Leap from Employment to Entrepreneurship
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
32 students enrolled
Created by Robin Wang
Last updated 11/2014
English
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Includes:
  • 1.5 hours on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
What Will I Learn?
  • Determine if entrepreneurship is right for you and how to prepare for your journey
  • Select the right options for funding your business and taking money out
  • Increase your odds for success by understanding, managing and mitigating the risks involved.
  • Develop a 10 step action plan for quitting your job and starting a business.
View Curriculum
Requirements
  • Have an idea or desire to start a business.
Description

Starting a business can be an exciting, soul-fulfilling endeavor providing entrepreneurs the means to center their lives around their dreams, talents and passions. But quitting a steady job to pursue a risky venture can be daunting. This course will chart a map for aspiring entrepreneurs on how to begin their journey.

Take The Leap from Employment to Entrepreneurship

  • Determine if entrepreneurship is right for you.
  • Increase your odds of success and reduce the risks.
  • Uncover what you need to know about money: putting it in and getting it out.
  • Develop a 10 step action plan for becoming an entrepreneur.

Launch Your Business On the Right Foot: Be Prepared For the Journey Ahead

This course is designed specifically for aspiring entrepreneurs who have an idea for starting a business but don’t know what to do next or how to start. It charts a course for beginning your entrepreneurial journey: how to begin, what to expect, how to prepare, and connects you to resources (many free!) that can help you along the way. It also covers some topics that many other “how to start a business” courses don’t touch upon: the personal considerations of starting a business.

Developed by Robin Wang, a 20+ year business owner and veteran of several new ventures, this course incorporates many of the lessons learned (from both his successes and failures) so that you can make that leap to entrepreneurship with greater confidence, less risk, and improved odds. This does NOT cover the nuts and bolts of starting a business like preparing financial forecasts, developing a launch strategy, or writing a business plan. Rather it lays a solid foundation so that you are much better prepared should you one day take a start-up business course.

Course Content and Overview

This course contains 20+ lectures on a wide variety of related topics centered on transforming your idea into a real, tangible business. It is designed for individuals who have no experience with business (let alone starting one) and is industry agnostic. In other words, it doesn’t matter if you want to open up a bakery, become a freelancer, or launch the next Facebook, Apple or Tesla.

It is designed with a very pragmatic and action oriented approach as there is not much in the form of academic theory or principles. Rather, most of the content comes from lessons learned and experiences garnered on “street of life.”

By the end of this course you’ll have much more clarity around your business idea, increased confidence in talking to others about your new venture desires, and have a solid plan for moving forward.

Testimonials From the In-Person Course:

"Robin gave us great information and a lot of resources to go to for more info. He really spells out what it will be like to be an entrepreneur, so we can decide for ourselves whether it is right for us."

"Great opportunity to explore whether you have what it takes and gives an introduction to what to expect. Then pushes you to the next steps of making your dreams a reality and provides the necessary tools. Highly recommended!"

Who is the target audience?
  • This course is for aspiring entrepreneurs that have an idea, but do not know where to go from there. It provides a firm foundation of knowledge and skills and helps entrepreneurs plan for their own entrepreneurial journey.
  • This course is relevent for any type of business in any type of industry: from freelancers to service to retail to hi-tech
  • This course does not cover the nuts and bolts of actually starting a business (e.g. creating an initial marketing plan or launch strategy). There are plany of other, great resources for that.
  • Starting a successful venture takes a lot of planning, persistence, and development, this course is NOT for those that want to quit their job and launch a business in 24 hours.
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Curriculum For This Course
Expand All 24 Lectures Collapse All 24 Lectures 01:39:41
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Introduction
2 Lectures 05:46

Overview and key objectives of this course. Discover the outcomes of this course.

Preview 01:52

Get to know a little bit about me, my entrepreneurial journeys and some key lessons that I learned from my successes and failures.

Preview 03:54
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To Be An Entrepreneur
5 Lectures 24:30

Not all new businesses are created equal. That doesn't mean that there is a right or wrong, but rather the type of start-up that you pursue will largely influence your journey, how you get funding, growth strategies and more. In this lecture you will learn about the different types of new ventures so that you can decide what's right for you.

Preview 03:28

Prepare for your entrepreneurial journey and increase your odds of success by learning 5 common traits of successful entrepreneurs.

Preview 04:06

Life as an employee isn't always rosy. The same holds true for being an entrepreneur. We'll contrast the two so you can get a better sense of the entrepreneurial lifestyle.

Employee vs Entrepreneur
04:31

Before jumping in and risking everything, learn some strategies for dipping your toes into entrepreneurial waters so that you can determine if starting a business is right for you and to prepare for your own journey.

Giving Entrepreneurship A Try
05:01

Learn about the pros and cons of starting a business by yourself or with a partner. Should you start a business with a partner, discover strategies for selecting the right partner and creating and managing a partnership including those involving friends and spouses.

Go Solo or Partner?
07:24
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Risk
1 Lecture 05:46

You're considering taking a leap of faith across a chasm akin to the Grand Canyon. That's scary. In this lecture, you'll learn how to develop a risk plan that assesses the risk involved with starting a business and a plan for mitigating it so that the leap is more akin to jumping over a puddle of water.

Understanding, Managing & Mitigating Risk
05:46
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Money
4 Lectures 23:11

Money can be complicated. To make matters more confusing, the lines between personal and business finances for an entrepreneur is often very blurred. In this lecture, you'll learn the fundamentals of capital (need, types, and sources), the relationship between personal and business finances, the role it has in who controls your business, and why cash is so very very important to entrepreneurs.

Funding & Capital Fundamentals
10:02

There are many ways to initially fund your business. You'll learn about the various options, their ramifications, and how to get additional funding should your business need more capital.

Putting Money In: Making the Investment
08:26

You're starting a business in part to make money. There's no shame to that. While writing a check might be simple, how you allocate and designate those funds can have huge ramifications. In this lecture, you'll learn about the different options for taking money out, their ramifications and when to seek the guidance of experts.

Taking Money Out
04:43

Discover common reasons why new or young businesses fail and strategies for avoiding those outcomes.

Why Businesses Fail
2 pages
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Getting Started: A 10 Step Action Plan For Launching Your Business
11 Lectures 37:18

Believe or not, but there's a relatively standard process for starting up any business. In this lecture, you'll learn what you need to do in each of the 4 stages of every new venture: idea, preparation, pre-launch, and lauch. This will set the stage for preparing your 10 Step Action Plan.


The Start-Up Process
04:46

Having a business idea is very different from having a viable business model. In this lecture, you'll learn how to differentiate the two and provide you the framework for transforming that idea into a model.

Step 1: Put It On Paper To Craft A Business Model
01:51

Learn strategies for validating and fine-tuning your idea so that you can increase the your odds of success by refining your idea BEFORE you launch.

Step 2: Talk, Research & Validate Your Idea
02:52

With a few exceptions, writing a business plan is a complete waste of time yet going through the process of writing one can significantly increase the odds of success. Confused? Discover the value that writing a business plan provides and learn an alternative approach that allows you to focus your precious time and energy on your business.

Step 3: Write a Business Plan OUTLINE
02:23

Unless you started or owned a business before, there are probably a ton of things that you'll need to learn about running a business - especially things that you don't know even know about. After this lecture, you will become familiar with various options (some free!) to polish your skills.


Step 4: Assess & Improve Business Skills
01:28

Unlike a job, starting a business will have huge implications on your personal life. Learn what those implications are and understand how to prepare your affairs to help keep your personal life sane.

Step 5: Put Your Personal Life in Order: Money, Relationships, Time
03:14

This is can be the most gut wrenching decision facing most entrepreneurs: When and how to cut the cord with your current employer? While every situation and relationship is unique, you'll learn the key factors that will help you determine your strategy and approach for answering this question.

Step 6: Create Your Employment Transition Plan
06:29

There are actually a ton of options available for funding your business. Unfortunately, many of them probably don't apply to your business. In this lecture you'll learn how to determine how much capital you need, the various forms of funding, how to narrow down the viable options, and find potential funders.

Step 7: Research Funding Options
07:18

Having a network of advisors, mentors, and peers to support you is crucial to every entrepreneur's success. In this lecture, you'll learn who needs to be on your core team and how to start recruiting them.

Step 8: Get a Support Network
03:54

There are a ton of things on your plate in order to start a new venture. In this lecture, you'll learn the 3 key things that you must do, to make your business "official" and "legit".

Step 9: Set Up Your Business
01:48

You've reached the final step, hooray! You're probably feeling ready for the big leagues and open your business tomorrow, right? Well, before you do, consider honing your business by learning why you might want to consider playing some minor league games and strategies for doing so.

Step 10: Play Minor League Games
01:15
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Conclusion & Wrap Up
1 Lecture 01:10
Some Parting Thoughts & Final Advice
01:10
About the Instructor
Robin Wang
0.0 Average rating
0 Reviews
32 Students
1 Course
Helping Entrepreneurs Achieve Happiness

Robin Wang has been involved with early stage businesses and a business owner for over 20 years. In that time, he has experienced many of the highs and the lows that entrepreneurship has to offer. Earlier in his career, he left a promising career at a Fortune 50 company to join a new venture only to close up shop 9 months later. Later, he joined another start-up where he contributed to the prospectus for a successful IPO on the Paris Stock Exchange. More recently, he sold his media business promoting sustainable lifestyles after owning it for 10 years. Today, Robin teaches at several early and mid-stage business accelerators and has been an active advisor to many new businesses and entrepreneurs across many different industries.