Are you tired of your job? Do you want to quit your job? Do you want to start a business? Do you want to transit from being an employee to becoming an entrepreneur? If your answer to any of the above questions is yes, then please read on because I am going to reveal the step by step approach on how to quit your job and starting a business.
Everyday, I come across employees who are sick and tired of their job. Everyday, I meet aspiring entrepreneurs and employees with million dollar ideas but they don’t seem to have the guts to quit their job because of fear of the unknown. If any of the above situations applies to you, then you are the reason I wrote this article.
Before I proceed into the detailed approach to quitting your job and starting a business, I want to personally acknowledge my mentor “Robert Kiyosaki” for his inspiration. His book “Rich Dad’s Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multi-million-Dollar Business” provided the core guideline to writing this article and I personally recommend you read that book if you are really serious about quitting your job. Now how do you quit your job like a boss and start a business?
How to Quit your Job and Start a Business
Why do you want to quit your job?
Yes, this is the foremost and most important question you must answer. Why do you want to quit your job? Why do you want to start a business? I hear many people lamenting that they are quitting their jobs because they are tired of it. Being tired of your job is not enough reason to quit because it doesn’t provide enough motivation to see you through the process. To successfully quit your job and start a business, you need a stronger reason; a reason that will see you through the dark times. Now I definitely can’t tell you why you should quit your job; that’s left for you to answer.
Plan your exit strategy
After finding a good reason to quit your job, you need to plan your quitting strategy. Are you going to quit on your savings? Do you have an investment portfolio? After quitting your job, what next? Are you going to sit at home, get another job or start a business? These are questions you must provide an answer to and plan towards.
Now if you are going to look for another job, then this article can’t be of help to you. But if you intend to start a business or run a business of your own after quitting your job, then you have to plan towards it and this article will be of help to you. Now how do you start a business after quitting your job? I will suggest you read on.
Prepare your mindset
The transition from being an employee to becoming an entrepreneur is not just about a change of job or career; it’s a change of core value, a change of orientation. It is a transition from being a subordinate to being fully responsible for everything. It is a change that comes with a little bit of risk and uncertainty.
This is why I emphasize you that prepare your mindset. Quitting your job and becoming an entrepreneur means giving up your security to embrace a life of uncertainty. To successfully become an entrepreneur, you must be prepared to give your business the best shot; while still preparing yourself to handle failure.
Analyze your strengths and weaknesses
What are you good at? What do your co-employees compliment you for? What trait in you impresses your boss? What skills do you possess? Do you have a hobby, passion or talent? If you have a positive answer to any of the questions above, then you are on your way to starting your own business. The reason I say this is because I have seen employees quit their jobs to build a business around their passion and they hit tremendous success. If they can, then you too can.
Set a targeted time to quit your job
When do you intend to quit your job? This is a question you must have a definite answer to. If you don’t have a set time to quit your job, then you are never going to quit. Setting a targeted time to quit is very important because it gives you a goal; it narrows your focus and sets you on a mission.
Start a business part time
Most people who desire to quit their job simply walk up to their boss and tender a resignation letter. Well, such approach is a brave and audacious one but it could be suicidal if you don’t have something to fall back on. Before quitting your job, it’s advisable you test the waters first. Don’t quit your job blindly on false hope. Quit on a solid foundation; quit your job on a tested and proven pathway.
Stick to the process
Sticking to the process is what makes the big difference between entrepreneurs that succeed and entrepreneurs that go back to their employee position cap in hand. You must have been an employee for years; so don’t think you will jump into the business world and hit instant success. Things don’t work that way. To successfully quit your job and start a business, you have to go through the entrepreneurial process and it takes consistency to complete this process. Let me put it straight to you that the process is not an easy one, but it doesn’t have to be difficult either.
Quit your job
If things go according to plan and you successfully handle the challenges that may arise; then you may end up quitting your job at your set time with smiles on your face. But if not, then you might not make it at your set time.
Either ways, I encourage you to stay true to the course. Nothing good comes easy, so if you are going to become a successful entrepreneur tomorrow; then you have to take the pain today. Follow this process through to the end and I will see you at the top.