VIDEO: Shifting Your Business From Survival to Success

By Suzie Moldavon

2 min read

You want to become your own boss, but you might be unsure of what you have to offer the market. It might surprise you, but your career path might be sitting right under your nose. For many entrepreneurs, hobbies and learned skills are gateways to lucrative professions, and are usually built with equal amounts of passion and persistence. But passion and persistence are only part of the mix, because there’s the whole “running a business” part that includes things like structuring, invoicing and getting paid. That being said, however, all you might need is a little helpful nudge from your friends, family or the right mentor.

As makeup artist and eyebrow expert Suzie Moldavon explains, like many people in their youth, she was uncertain about what she wanted to do with her life. At her mother’s insistence, Suzie earned an esthetician’s license, and ended up practicing her craft on sorority members who had a high demand for her services. This period would prove invaluable to developing Suzie’s craft as a beautician, but it wasn’t until she consulted with a professional career coach that Suzie knew she wanted to turn this job into her career. After some time and self-examination, Suzie took her career by the horns, and shifted her business from “survival mode” into a full-blown success.

Knowing what kind of business you want to run is only half the battle, but, admittedly, it can feel like the hardest half. Once you have decided upon what you will do, you’ll have to consider things like choosing your business’ entity and researching how to comply with all applicable laws. You could go mobile, like Suzie, or you could go with an office space. Whatever you choose, financial management—from budgeting all the way to payroll and taxes—should be top of mind. If you need a hand, ask a trusted friend or mentor to help you move forward. If you start to feel overwhelmed, just take it one step at a time and focus on the task at hand: becoming your own boss by turning your talent into a lifelong reward.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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