Are you having a panic attack at the thought of quitting your job? Most entrepreneurs go through the balancing act of trying to run their business while still milking the steady income from their current job. Giving up that paycheck is a big step, but how do you know you’re ready? What if you fail? What if you have to move back into your parent’s basement? Some of the millions of questions and concerns that circulate through your brain.
So how do you know you’re ready? Like, really ready?
It sounds cliché, but you don’t know, you won’t know until you leap. It’s like dating when is right to move in with someone? Or introduce them to your family? You just do it and keep moving towards the goal of being with the man or women of your dreams and hope everyone will adore them. Some will and some won’t and it might end it heartbreak, but I bet you’ll learn A LOT about what you want in a relationship. Your new biz follows the same ideology. You won’t know until you do it, and if you’re confident enough to be considering it, then it’s likely the obvious next step.
There are a few things you can do to prepare a little further:
1. Make sure your finances are in order
It’s best to plan for the worst and hope for the best. Make sure you’re able to support yourself and your biz if it doesn’t make any money for a few months, six is ideal.
2. Create a plan of action
Now that you don’t need to show up at the office, it’s good to have a set agenda of what the first few months will entail. This way when your alarm goes off, you won’t press snooze too many times as you know there is work to be done. It will help keep you motivated, trust me! The first few days in your PJs is all good until you realize you have bills to pay and you absolutely can not watch another series on Netflix.
3. Prep your support system
It’s important to talk to your family and friends about your plans for your biz. It helps you to answer any concerns they may have about, well ultimately supporting yourself and confirming you aren’t going crazy to be quitting your cushy job for well the possibility of zero income for a little while. They will be more supportive if they understand that you’ve made a plan and this isn’t a whim decision.
4. Find a Biz support system
Join a group that keeps you motivated and allows you to feel supported from a business point of view. People you can bounce ideas off of. Feel free to join our FB Group if you’re looking for your Biz support system through the link here. I personally work with a coach and my clients find value from working with me to keep them on track with their personal and biz goals. Reach out if you want to chat about how I can support your transition.
If you’re reading this and considering the leap, it might be time to take it. Feel free to give me a call to chat it out with you, I am here to support you on your path to success!