How To Quit Your Day Job and Start Your Own Business Without Going Broke
Guest Post by Jason Lewis*
The world is full of dreamers. creatives, healers, heart-centered entrepreneurs, and ambitious individuals with big ideas, who often dream of eventually quitting their 9-to-5 jobs to start their own businesses. Sadly, many of these same individuals either never “take the leap” or, if they do, they give up on their businesses to return to corporate America. Why? One reason is that juggling client expectations while trying to make ends meet can be both frightening and stressful for new and upcoming business owners. Another reason is that society has popularized a myth that corporate jobs with steady paychecks are somehow “safer” and more “stable” than running your own business.
If you can relate to the above and you long to start your own business, keep reading. This article is for you. Here are some tips for new business owners for how to get your business started on the right track.
One of the biggest stressors for new business owners is: “How do I make ends meet when I’m first starting out?” Some business owners get so caught up in trying to figure out how to stretch their paychecks through the tough times that they go into “fight or flight” mode. Rather than building their business to a successful income level, they quickly give up on the business altogether and eventually return to the corporate environment.
The common mistake that these business owners make is failure to plan an exit strategy from the corporate world, and/or not saving up a “nest egg” to support them through the slower months. To help pay the bills while getting your business off the ground, you may want to consider saving up at least 6 months of income prior to quitting your day job. This nest egg will help you support yourself during slow months while you are dedicating yourself to running your business. Some entrepreneurs also prefer to continue working a side job in order to have a second source of steady income while building their business.
You’ll also want to consider creating a business website. Don’t worry if you can’t afford to hire a professional web designer to create a website for you; you can also make a website by yourself using a website builder. Many website builders are affordable and intuitive, making them easy for business owners to use without the need for any coding skills. By creating an online presence with an official website for the business, you’ll help potential customers find you on the internet.
Of course, there’s much more to running a business than just the few tips we’ve listed above. However, if you start testing the waters now – while you still have a day job – and start planning ahead for your exit strategy, you’ll be setting the foundations of a successful business for years to come. Try to remain patient and dedicated to your goals, and before you know it, you’ll be living your dream.
*Jason Lewis is a personal trainer and small business owner who specializes in helping senior citizens stay fit and healthy.