EP8: Quitting Your Job to Start a Business

Ever since I was a kid, I’m taking like TEN years old, I knew I wanted to start a business.

If you had asked me what I wanted to be when I grew up…this is how much of a nerd I am… I’d say I want to be running a company with a crack team of badasses with an incredibly high employee to revenue ratio…

BUT, it wasn’t until I turned 28 years old, did I really take a run at building a real business. It wasn’t until I was 28 did I really take the plunge. And even then, it was the hardest thing ever… to quit my six figure finance job, to downsize my life, so that I could pursue my dreams.

Entrepreneurship is hard! It’s a huge risk. And I see a ton of people either stay stuck in the limbo of trying to get into entrepreneurship, or they take a plunge way too fast and way too soon without a plan.

In this episode, I talk through three things you must do before you quit that job, while ensuring you don’t get stuck in the limbo of wantrepreneurship.

#1) Don’t quit cold turkey.
Before you quit your job, make the commitment to spend 4 to 6 hours of your day working on developing your business.

#2) Talk to customers and validate your idea.
Before you quit your job, use those 4 to 6 hours to develop your idea by talking to real actual potential customers so you can really validate how this idea will do in the market

#3) Execute.
There will never be in a point in time where the clouds part and stars align and the gods tell you that it is time to quit your job and double down. Life often isn’t that perfect, and in fact, life finds ways of testing your commitment. So while I’m encouraging you to slow down before you quit and #1 and #2, in #3 I tell you to that once you see the early glimmers of the idea, once you see the first 10 customers whose eyes light up about what you’re looking to build, you need to take that plunge one way or another.

In this episode, I also share my personal experiences of how I managed #3 because I didn’t have the luxury of quitting my job cold turkey.

Entrepreneurship isn’t easy but it has incredible rewards. If it was easy and highly lucrative… everyone would be doing it. Is Entrepreneurship for you? Start allocating 4 to 6 hours of your day to start working on your idea.

 

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