571 – Employee to Business Owner
The How of Business - How to start, run, grow and exit a small business.
Henry Lopez, Levante Business Group
4.7 • 522 Ratings
🗓️ 23 June 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
Employee to Business Owner - what to consider when overcoming the fear and uncertainty of transitioning from employee to business owner.
Show Notes Page: https://www.thehowofbusiness.com/571-employee-to-business-owner/
If you've dreamed of leaving your job to start your own business but feel stuck by fear, uncertainty, or financial security, this episode is for you.
Henry Lopez shares his personal experience and practical advice on how to successfully transition from employee to business owner. He explores both the emotional and financial challenges of walking away from a steady paycheck, the perceived safety of a job, and the mental blocks that hold many people back from starting their first small business.
Henry discusses the importance of mindset, reframing risk, and having a clear, validated business plan. He highlights transferable skills from corporate roles that can set you up for entrepreneurial success, including communication, leadership, budgeting, and project management. He also explains how a side hustle or franchise can offer a smoother path to business ownership.
The key is to focus on planning, building a financial runway, seeking mentorship, and ultimately taking the leap of faith when you're ready.
This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run, grow and exit your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com
Transcript
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| 0:00.0 | Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start, |
| 0:05.9 | run, and grow your small business. And now, here is your host. |
| 0:11.6 | Welcome to this episode of The How of Business. This is Henry Lopez. If you've ever dreamed of |
| 0:16.4 | leaving your job to start your own business, but you feel stuck by maybe by fear, uncertainty, |
| 0:23.3 | or maybe golden handcuffs, you're making way too much money now or the prospects of too much |
| 0:28.0 | money. Then this episode is for you. I'm going to walk you through what I've observed |
| 0:31.9 | as some of the challenges, having made the shift myself, the transition from the corporate world |
| 0:36.8 | to business ownership, I'll address |
| 0:38.6 | some of the common challenges that I see and that I faced, as well as what I think is required |
| 0:42.8 | in a way of a mindset shift and the practical steps to help you make that leap from the corporate |
| 0:48.3 | world or from the job that you have today to becoming a business owner and an entrepreneur. |
| 0:53.4 | You can find all of the Howa Business |
| 0:54.8 | resources, including the Show Notes page for this episode and learn more about my one-on-one |
| 0:59.4 | and group coaching programs at the Howa Business.com. I also invite you to consider supporting |
| 1:04.5 | this podcast on Patreon and joining the Howa Business Community on Patreon. And please subscribe |
| 1:09.8 | wherever you might be listening so you don't |
| 1:11.6 | miss any future episodes. Let's start with why the transition can feel so hard, that letting go of a job |
| 1:18.9 | or a corporate career to going to the perceived risk, and actually there is a lot of risk, |
| 1:24.4 | but mostly the perceived risk of starting your own business. Why is that |
| 1:28.4 | transition so hard for most people, including myself when I was making that transition? I have found |
| 1:33.3 | that it is as much the emotional or mental aspects of it that are more difficult than even the |
| 1:39.0 | real financial risk components of why we don't make the transition. And I'm going to explore both of those. |
... |
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