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Join me, Nik (https://x.com/CoFoundersNik), as I interview Zach Ashburn (https://x.com/zachary_ashburn) about what I think is the most predictable way to get into entrepreneurship: building an agency business or becoming an independent consultant based on a specialized skill you already have from your corporate job.
Zach works with people making this transition, often what we call accidental entrepreneurs, helping them make the leap. We dive into the crucial first steps, like mapping out your cash flow and personal finances, which Zach emphasizes is king.
We also talk about the shift from an employee mindset to a business owner mindset, the power of realizing no one's giving you permission to start, and the importance of smart delegation and outsourcing when you're "bad at most things" except your core skill.
Questions This Episode Answers:
How can you turn your specialized skill from a corporate job into an agency business or consulting?
What are the first financial steps to plan when making the leap to entrepreneurship?
How do you shift from an employee mindset to a business owner mindset?
What should you delegate or outsource when starting your consulting practice?
How should consultants think about pricing their services and knowing their worth?
Enjoy the conversation!
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Love it or hate it, I'd love your feedback.
Please fill out this brief survey with your opinion or email me at nik@cofounders.com with your thoughts.
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This week we covered:
00:00 The Entrepreneurial Switch: Finding Your Niche
03:00 The Accidental Entrepreneur: Navigating Unexpected Opportunities
05:52 Financial Planning for New Entrepreneurs
08:46 Building a Business Operating System
12:11 The Mindset Shift: From Employee to Entrepreneur
18:08 Principles of the Accidental Entrepreneur
20:33 The Light Bulb Moment in Entrepreneurship
23:24 Embracing the Role of Business Owner
25:45 The Importance of Delegation
28:41 Understanding Cash Flow and Pricing Strategies
32:57 Navigating Pricing Challenges
37:18 Transitioning to Full-Time Entrepreneurship
