You think you’re ready? You’ve been doing this for a while and perhaps you have paying customers and things are going
great. Before you JUMP into your business FULL TIME let’s look at some of the questions
1. How much are you making as a percentage of your day job?
2. How is the income trending from your small business? Is it a steady income or sporadic?
Deciding when to quit your day job is a serious decision and there any many factors that need to be considered before you make that JUMP.
One of the things to look at is how much are you making as a percentage of your day job? For example do you make $60,000 (yr.) at your present employment and income from your business is equal to $30,000 a year?
This would require a serious life style change and a big sacrifice. Or perhaps you make $35,000 a year and the
income from your business is $40,000. It would seem as if everything would be great.
Here are some more questions for you BEFORE you tell your company exactly what you think:
1. Are you customers regular? And dependable?
2. Is your income residual? Meaning if you’re not actively selling something will you still have income from your product or service?
3. Will you be able to pay your bills from your business?
If you can answer YES to all of these questions- CONGRATULATIONS you are on your way.
However, if you are like most startups your customer base is not solid just yet; at best you have a few clients perhaps every 6 to 8 months.
Starting your own business of nonprofit can be an extremely exciting time nonetheless; you want to be careful about how soon you quit your day job to pursue your business full time.
I love to share information and make sure everyone can make an informed decision. If you are just not sure where to go from here or if you are wondering exactly what do I need to do about those sporadic clients- contact
Waddell Consulting Services today for your FREE 30 MINUTE CONSULTATION.
Remember that song? Of course you do! Friends are awesome! However, when it comes to friends and business sometimes things are NOT that awesome!
Take a look at the following scenario:
You and your friend have talked hours on end about the great business idea that you both have. A decision has to be made on how it is going to look, how everyone’s way life will change and how much better it’s going to be.
There is a BIG difference between being friends and being business partners. If your friend is a procrastinator now, they will be one when you are business together!
If they are too tired from work to work on the business – they will always be too tired.
Some questions to ask you and your potential partner:
1. Who is going to be the final decision maker?
2. Who will actually do the work of the business?
3. Who is in charge of the money and who will handle the finances?
4. What happens when one person is not pulling their weight in the business?
These questions are not meant to break up friendships however; it is a guide to help open discussions on important topics.
If you need help having that difficult conversation schedule your FREE 30 MINUTE CONSULTATION so that I can give you some pointers on how to get started.
REMEMBER YOUR IDEA OF SUCCESS AND COMMITMENT IS NOT THE SAME AS EVERYONE ELSE
Family, Friend, Co-worker, Neighbors you can use a ton of names but eventually you will need to ask someone a question and unfortunately the family and friend sector is NOT going to have the most reliable answer.
Consulting or business coaching offers you the opportunity to talk with a professional who can objectively discuss your idea, give you feedback and suggestions. I have been through the process and I will have answers to your question.
Coaching allows you to ask any question, give you direction and most of all you are accountable to someone. Often times, we have great ideas of starting a business or a nonprofit but when it comes to implementing them, we fall short!
I have been there! I understand the frustration of knowing that you could truly do something great but being so exhausted that mentally and physically you don’t have the energy to complete it.
Waddell Consulting Services can offer that one-on-one session that you need to get your ideas started. Or perhaps you need someone who will hold you accountable as well as give that extra push you need to carry out your dreams.
It is my passion and it brings me great joy to watch other people succeed and to give some helpful information and direction along the way.
I look forward to listening to you and providing the direction and support you need to get started on making your ideas a reality!
Contact me today for your FREE 30 MINUTE CONSULTATION
J’Anmetra is uniquely positioned to understand the many nuisances business owners face when they’re just starting out. Coaching services are provided online, via email, in person, or via phone. As a survivor of Domestic Violence J'Anmetra has lived by the following quote that motivates her daily is from John Wooden