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TOP 10 KEYS TO TRANSITIONING FROM A CORPORATE CAREER TO FULL-TIME ENTREPRENEURSHIP Felicia Joy, a former corporate executive-turned-entrepreneur, created $50 million in value for the companies and organizations for which she worked before resigning from her lucrative career to build lasting wealth by growing her own companies. Now a die-hard champion of entrepreneurship, Felicia is committed to continuing the growth of her business ventures while sharing insights and information to enable others to profit from their ideas and talents. Her new book, Hybrid Entrepreneurship: How the Middle Class Can Beat the Slow Economy, Earn Extra Income and Reclaim the American Dream (ISBN 978-0-9844778-0-7), is a blueprint and roadmap for corporate professionals who seek to become entrepreneurs. The book promotes the concept of working a full-time job while growing a business part-time—and covers the financial, tax and career benefits of doing so. It also includes details on creative, non-traditional means of financing a start-up business and a Q&A section that provides insights from other successful hybrid entrepreneurs. Purchase Felicia’s book, learn more about her, find out about workshops and classes, and get free information to launch and grow your business by connecting with Felicia on her website or via Twitter at and Felicia has compiled the top 10 keys to making the transition from corporate to entrepreneurship: 1. Start your business part-time and start making money: We are living in times of economic anxiety, some of it is real – some of it is simply emotion. Regardless, you can alleviate some of the stress of business start-up by maintaining your job. This way you will not feel the fear that many often encounter when they realize that a steady paycheck will no longer be deposited into their account every two weeks. 2. Get really clear with yourself about why you are starting a business in the first place: Some people want to start a business because they dislike authority or have been reprimanded for not doing a good job at work. If either of these—or any other arguably negative reason—are the motivations for your business start-up, you should find a more positive reason or re-assess your decision to become an entrepreneur. 3. Turbo charge your networking to expand and diversify your relationships: Successful entrepreneurship is about what you know, who you know and who knows you and you want to already have relationships in place before you need to call on someone for help. So go make new friends, with particular focus on connecting with people you wouldn’t normally meet. 4. Take every opportunity to sign up for training or on-the-job responsibilities that will enhance your entrepreneurial skill set: If your job has a training department or budget, take advantage of it. Get training on things that would be helpful in business and that you are not already strong in; so if you’re a communicator and not great at number crunching, take some business financial management classes. 5. Save as much money as possible—and take advantage of the new tax deductions you are privy to as a business owner to save more: You can never have too much money saved so cut expenses and aggressively save. Also, with your part-time business, eating, driving and other everyday activities can be tax deductible. Keep good records and take your deductions so you will pay less in taxes and put more toward savings. 6. Validate your ideas by asking, asking, asking: Ask potential customers questions related to your idea so you can see what the real needs and desires are before investing too much time,

10 Keys to Transitioning from a Corporate Career to Entrepreneurship  

Felicia Joy shares valueable tips during her session at the 15th Annual Black Enterprise Entrepreneurs Conference in Atlanta, GA. May 16-18...

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