3 Ideas To Help You Quit Your Job
Recently my product development business started earning enough money for me to be able to devote my full attention to it. I’ve been working towards this for a while now, but here’s how I got to this point, how I eliminated the fear and how you can too.
1. Cheap living. I’ve managed to reduce my rent and utilities to the lowest possible amount – zero. While we live in a high cost of living area, our only real expenses are groceries, petrol and insurance. If freedom from a job is your number 1 priority, you need to move to a place where it is not hard to make enough to cover your day to day expenses, it can mean the difference between surviving on 100s of sales a month or 10s. You can move to a different location or the same location, smaller house. I suggest you tackle the large expenses with a 1 time downside (ie. moving) but large ongoing upside (1/2 the rent month after month) first and foremost. I don’t suggest clipping coupons or the like, which are ongoing downsides (searching and clipping coupons monthly) with small 1 time upsides (save 25 cents!).
2. Make time. I’ve been spending extra time working on the business leading up to this point. It meant giving up TV and sleeping in. If you can’t squeeze a few more hours out of your day by eliminating low priority items (such as TV and lie ins), you will never succeed. It gave me time to learn the skills I need and set up a basic level of income before going completely on my own.
3. Have a backup plan in place. I made sure I didn’t burn any bridges and did my work until the very last day of my job, just to make sure I’m welcome back. My backup plan is very simple. Go back to my former employer and contract with them for 3-6 months. The money I make during that time is enough to tide me over for an entire year. Find something you could do in order to make ends meet if things don’t go as well as you hope. Keep it close to you to give yourself the courage to strike out on your own.
Those 3 things are simple to say, but can be hard emotionally to do. Addiction to TV or attachment to a high cost area may cause a lot of frustration for those so afflicted. But if going out on your own is your number 1 priority, those 3 items will speed along to the day when you can hang out your own shingle.
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- Steven Lohrenz
:: Apr.24.2009 :: Uncategorized :: No Comments »
