You’re ready to go for it now. You’ve had enough of going to a job that you don’t like and spending time in a career that you know does not fulfill your purpose and passion. You’re finally ready to take the leap from working for someone else to working for yourself. You want to be an entrepreneur! Congratulations. I believe entrepreneurship is a wonderful thing and a conduit for blessings and wealth.
However, when you have the choice, it’s best to plan your exit strategy in advance BEFORE leaving your current job.
Here are five things you should do before leaving your job:
- Keep emotions in check – When dream shifts from a thought to a decision, your attitude changes drastically. You become extremely frustrated with your current work and the people you work with. Be careful not to take your frustrations out on them. Keep your emotions in check. Keep your relationships healthy, and definitely don’t burn any bridges until you’re absolutely ready to not look or go back.Think of your current job as your dream’s funding source for the time being and keep it together while you work through your transition. And, by all means don’t go around telling everyone that you’re leaving, or you may be leaving sooner that you planned.
- Start packaging – No I’m not talking about packing your desk, but actually packaging your skills and assets that can help you in your business. This is the time to start thinking about the projects you’re working on in your current job that can highlight your expertise you’ll need in your business. Consider what you’ll need for your portfolio.Do you have relationships with those in your current role that will provide a written statement that shows your exemplary work?
Who do you want to keep in your network? Strengthen those relationships while you’re still working with them directly.
- Stop spending and start investing – When you’re ready to plan for the leap from working for someone else to entrepreneurship, you have to change your mindset about money. Unless you already have a hefty savings account or emergency account, you have to stop the frivolous spending ASAP. When I’d made the decision that I was going to leave my full-time job and focus solely on my business, one of the first things I started to do was to cut back on non-essentials.You have to determine what your non-essentials are. For me I cut back on clothes and shoe shopping and did my own manicures and pedicures. The money I would’ve spent, I saved and invested in my business.
How bad do you want to be an entrepreneur? The answer to that will determine how much you’re willing to give up to get started.
- Create a plan – Having an exit strategy for when you plan to leave and what you need to do in the years or months until then will give you a peace of mind as you prepare for your journey. Write it out. If it’s not written, you’re really not serious.Include in your plan, how much time per day/week that you will work on your business part-time, what you money goals you have for your business, and steps you can take to build your business while you’re still working. Don’t wait until you leave to get started. Start now.
- Hire a coach – Time is money. The time you spend trying to figure how to run your business and make money is precious. Doing on your own will mean that you’ll spend time consuming lots of information (some you don’t even need), trying to fit together the information in the right order, and spinning your wheels from the information overload.Look at it like this…if your desire is to make $5000 a month in your business, but you spend 12 months spinning and trying to figure out how to do it on your own, then your do-it-yourself project just cost you $60,000. A great business coach doesn’t even cost you that much.
When you have a desire to be your own boss and leave your full-time job, it’s a great idea to hire a coach who can help you skip all of the mistakes that new entrepreneurs make. Trust me, it makes a difference. And if you think you can leave Corporate America and just transition into entrepreneurship with ease, think again. It doesn’t work that way no matter how smart you are. Ten years ago when I tried entrepreneurship for the first time, I had no clue what I was doing so I made no money and had to get another JOB! Don’t let that be you.
This time, knowing that I did not want to go back to a job, I hired a coach and that made all of the difference. Today, I’m coaching others on how to start they’re own business and follow their dreams – FULL TIME!
Getting paid to do what you love to do and what you’re passionate is absolutely wonderful. You no longer hate Mondays and Friday is typically not the end of your work week! But, even with the hills and the valleys, I wouldn’t trade the freedom and the flexibility of doing what I love to do without being under someone else’s thumb for any other career. I absolutely love what I do!
Tell me your thoughts. Do you have a desire to transition from a job/career to entrepreneurship? Tell me about it in the comments below.