How
To Quit Your Job
by
Michele Miller
We know more
and more people today are self-employed and the numbers are rising,
especially for moms who want to stay home and people in general
who want out of the 9-5 grind. More and more people want to be
in control of their own destiny and finances.
However, the transition to self-employment is not an easy one,
especially when you are the bread-winner or when you or your family
are dependent on your current income.
Other factors can hold you back, such as the fear of being responsible
for finding work and keeping a business alive. That’s a legitimate
risk. It’s one of the biggest risks of having your own business.
Then of course there are other fears, worries, and doubts that
might hold you back, the big one being finances. These are some
of the reasons people stay in jobs, stay unhappy, and are not
fulfilling their life’s dreams. So how can you change that?
The best way to start a business is by lessening your risks. What
does that mean exactly? Well, there are many different answers
depending on what type of business you start. Let me give you
an example.
A Big Mistake:
Joe wants to open a restaurant. He’s out there looking at
places to rent but he doesn’t have the money to cover rent,
equipment, food, staff wages, possible slow weeks, etc. So he
starts looking for investors. Joe’s so excited he
can’t see the risks at all. He could end up over $100,000
in the hole, and how would he ever pay it back?
Solution
Start small. Joe could start a catering business from home,
do a bit of low cost advertising, and start building a good reputation
and business. He would have no overheads, and wouldn’t have
to buy the food until he had orders, and could probably eliminate
the need for a lot of staff in the beginning. Also, by doing this
in his spare time and evenings, Joe does not have to give up his
job until his business has grown substantially. He can even employ
someone from his house to take over a couple of days a week while
he’s at work to fulfill any orders he has during the week,
still keeping his costs low.
Once his income has increased and Joe becomes known as the guy
to call for great food and service, then Joe stands a better chance
out there with the big fish. He can open a small restaurant and
catering business, and as his business grows he can move to bigger
premises and employ more staff.
Now Joe is one example. There are indeed many businesses that
start small like that. I started my own medical transcription
business the same way ten years ago. I have a friend who made
the transition to cleaning business from real estate agent, and
ended up employing over 25 people.
Choose a business that will allow you to work in your spare-time
and keep your job, and you have eliminated the risks. This is
not possible in all circumstances, but for the small business
person, it’s the ideal way to go.
There’s going to be some sacrifice in the short term, such
as working extra hours in the week building your business. But
those kind of sacrifices will still allow you to sleep at night
and not put you in the poor house, thereby increasing your chances
of success!
Some businesses that are possible this way are:
- Handy-man
to Full Time Repair and Home Maintenance Service.
- All kinds
of Home Party Businesses; there are hundreds of them to chose
from.
- These can
also be turned into full-time businesses: Insurance Broker,
Bookkeeper, Seamstress, Party Planner, Typist,
Secretarial Work, Photographer, Copywriter, Proofreader,
Tutor, Pet Groomer, Pet Sitting Service, Home Inspections, Mortgage
Broker, Painter, Florist, Crafters, Graphic Designer, Jewelry
Maker, Mechanic, etc. There are many many more.
Find something
you are interested in and think about how you can turn it into
a profitable business — the easy way
Michele
has helped many people start their own medical transcription business.
She can help you too. She is the author of The Step-by-Step Guide
To Medical Transcription at Home. Click
here for details.
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