Let me qualify what I mean by “don’t quit your job to start a business, because you are probably thinking – wait-a-minute, what?
Quitting your job to start your own business can be an incredibly rewarding experience when there’s some element of planning involved.
While there’s no exact or right way to quit your job, there is a less painful way to do things. In other words, don’t quit your job to start your own business until you have a plan, a strategy to implement it, and without giving yourself enough time to execute it all.
Let me share with you where I’m coming from.
Almost 10 years ago I was desperate for change. I left my somewhat cushy corporate job for maternity leave with no plans of returning. My only real thought process about it at the time was that I was going to work on a business that I had already started. Problem was, I found myself in an unexpected life situation, with no plan or clue about anything at all.
I’m living proof that without a plan things aren’t impossible, but it would be much easier and less stressful with one.
Don’t Quit Your Job To Start A Business
Making the decision to transition from being a full-time employee to a full-time entrepreneur without a strategy in place is something I do not recommend. People often underestimate the time, energy and effort it takes to start and maintain a profitable business. It takes more than most realize.
My suggestion is that it’s better to keep your ‘for sure income’ for as long as possible while you get your ‘not so for sure income’ in order. What does that even mean?
Don’t worry, let me break it down for you so you can get started.
Consider This Before Quitting Your Job
Pick a date 12 months from now. Set goals for yourself. Real, tangible goals. Goals that will align with allowing you the ability to match at least 80% of your “for sure income” in the next year. Let’s be real honest here – I do have your permission right? If by the 6 months time frame you haven’t matched at least 50% of that “for sure income” it’s time to re-evaluate, tweak some of your original strategies and adjust where necessary.
Where this balance of full-time job and starting your business is concerned, is that you’re still able to take full advantage of, to some degree, a guaranteed income, health benefits, paid vacation days and potentially more. It allows you the flexibility to start shifting that focus without the additional stress of a not knowing where your next cheque is coming from.
If you are still in the idea phase of your business – You want to check this out too
While there’s no single right time or right answer as to how you should or when to make your transition – having lived this and experienced it first hand, I know these couple strategies would have made the difference in my business at the time, and have helped many of my own clients create a less stressful, seamless (within reason, let’s not get carried away) process.
Are YOU ready to make that transition? What’s your reason WHY? Where are you now?, but more importantly, I want to know where you’re going.
Leave your Questions, Comments, and Feedback in the comments below. As always I love hearing from you