Business

So You Want To Quit Your Job And Start Your Own Business

When I was a little girl, I had dreams of becoming a doctor. My dad even bought me this beautiful porcelain statue of a black woman doctor that was going to be. Naturally, that didn’t happen. I went to college (Spelman stand up!) and then wanted to become VP of Human Resources. I left college, got a job, and hit a ceiling. So then I was like, “Oh I’m going into marketing and I’m going to be like my dad when I grow up.” And I did. I have an MBA with a concentration in Marketing and actually loved every bit of it.

But the work force doesn’t always care about where you went to school, what you studied, or what you want to be when you grow up. Which is why I left. After watching person after person leave their jobs and just go off on their own, I decided that was best for me too. There are a couple of things that I would have done differently which is what I’m sharing here so that you’re set up for more success than I am.

Find Your Why

Do you hate working with people? Do you want to be more present for your kids? Do you feel like your skill set isn’t being used? Do you hate your commute? Are you just tired of working for someone else?

Whatever YOUR why is, write it down. Post it somewhere you see daily. Focus on your why. This is incredibly important. Working for yourself is no walk in the park despite what Facebook status updates will tell you. Sure, you see the person gallivanting around the world after breaking up with their job and you’re like, “Oh this looks so easy!” It’s not.

Is it worth it? Absolutely. Is it easy? Absolutely not which is why you need to be focused on your “why” during the rough times.

Set Up A Timeline

There were countless moments that I wanted to literally pack my things up, throw them in my car, chuck my deuces while exclaiming “Aaronica out. Effective immediately.” If you’re fed up, tired, and just over it all together, you may be at this point but don’t do it! Not yet!

Get together a workable timeline for you to get your affairs in order before walking out and exclaiming you’re done for good.

Get Your Financial Affairs In Order

If it weren’t for the financial aspect of things, I’m sure that many of us would have walked out long ago but the truth is that we live in a capitalistic society and need coins to survive. Before you leave, make sure that you have at some money saved up. My recommendation is to have 9-12months liquid and at your disposal. Make sure all your bills are current and if you can afford to do so, put some extra money down to give you a cushion. Trust me, times can get hard as a freelancer waiting for the funds to make their appearance.

Start Working For Yourself Now

Don’t leave your day job but definitely start putting that work in for yourself now. If you plan on working with clients, build your clientele. Make sure that your digital imprint is strong. Get your branding and marketing strategy in place and rolling. Act as though you’re a success story right now.

How To Know When It’s Time To Quit Your Job

This was the piece that I missed and my brother dropped this nugget of wisdom on me when I was in my lowest time. Leave your current position when your side business takes over your day job. As in it dominates your time and you start turning a profit. Now not everyone follows this because some of us like taking risks but there’s also a lot more stress involved with the risk.

Ready to leave your job?

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