Recently I was speaking with a woman who has worked in the same field for 30+ years. Let’s call her Marie. She said after she has been working for so long, she really would rather quit her job. She could retire, but she doesn’t want to stop working.
Marie feels great joy in helping people she serves. Marie has often thought about going out on her own, like a post-career business, and her friends have encouraged her to do so. However, Marie is nervous about losing her regular paycheck and benefits.
Marie has a good handle on her money. She is also full of ideas about how she could take her experience and turn it into a business. Tired of working full-time for someone else, Marie feels she cannot serve her clients as well as she wants because she is responsible for so many administrative responsibilities.
Marie is sure working for herself would be much simpler. She does not think she wants to wait any longer.
Could this be your story?
Thinking about leaving your job and starting a Post-Career Business?
You have built a great career for yourself working for someone else. You’re smart. At this stage of your life, you deserve to explore your options.
But you haven’t taken the plunge. Why not?
Maybe you have touched your toe to the water. You have dreamed about what you would do. Probably brainstormed some business names. Even started the process of creating the business. If you have been working that career for umpteen years and you have the inspiration and motivation, you are ready!
I know it’s scary.
You’ve had the security of a steady income, benefits, vacation time and at the end of the day, you can leave most of it at the office. But still, it’s not enough.
The way I look at business success is like riding a bicycle. Depending on your goal the speed of training and riding are different. However, the focus and repetition of pedaling are the same.
After more than 30 years in business, I have settled on the fact that multitasking does not work. We need to maintain a singular focus – on our goals, our tasks – everything. That’s like pedaling the bike. You keep going forward, revolution after revolution.
The challenge then in your situation is how to maintain a focus on your career and new business at the same time. I would love for you to be able to leave your job on good terms and grow your business as soon as you want to.
Instead of surging forward blindly and perhaps increasing your risk, let’s take a moment and think about what you can do first.
Considering Your Options
The most significant barrier for Marie is losing a steady paycheck and her benefits. That translates into Money. Something I feel too many women are hesitant to discuss. But we have to.
We cannot leave the subject of financial needs like the elephant in the room.
Let’s consider this.
Do you have a solid handle on your needs?
How much income do you need to replace by leaving your job? You don’t always need as much salary as you are making now – some expenses may go down, travel, clothing, taxes.
Action Item #1 >>
Set up a budget for your needs including every expense you have in a year.
The next question is, what is your responsibility for an income in your household? Some relationships have different earning capacities that can be flexed depending on each person’s work situation.
Action Item #2 >>
If you have someone else in your family who is part of your family budget, have a serious conversation with them about how to go about living your dream.
If you are on your own, then you will need to work through your budget. Maybe there is someone you can bounce the numbers off to see if they agree that they are realistic. I firmly believe numbers and knowledge are power. It is the only way we can make smart decisions.
Once you are clear about your financial needs and goals, what are the different ways you can satisfy them? Here are some options:
- Can you cover 18 months of your expenses and go full force into your business now?
- Is there an option to reduce to part-time work while you open and build your own business?
- Are there subcontracting opportunities in your field that you could seek out first?
- Can you commit to starting your business on a small scale for the next six months while you continue full time? Generate some sales and make plans from those successes.
But, if your reaction to that last question is NO – I want to start a business NOW, no matter what you say, then…
Action Item #3>> Let’s have a chat.
I started a business from a seed of an idea, moving from a 25-year career in management. My company grew to $.5M in sales and a staff that peaked at 12. I sold it 15 years later.
Now that may not be your path but with that sale, I was able to start my coaching business and I specialize in helping women find the focus you need to grow business and support you with a strong accountability system.
Don’t waste any time or money on moving forward until you sort this out with someone who has been in your shoes. Schedule your free call today.
Why spend 45 minutes with me?
First, I would love to meet you. I love business and meeting courageous, creative and energetic women inspires me to do more. That is why I will put my time and energy into you and your dreams. Not to be egotistical, but the value of my time in the work we will do leading up to your call and during your call is like having a mini-virtual retreat with me. A value of $500.
Remember I likened business to a bike ride? Think of this call as the Kickstart Your Ride Tactics.
Before your call, I will send you an assignment. Hey – we need to get serious here. You will only need to share with me your dreams and goals. I will send you the questions to answer. Then I will give you some follow-up concepts that you will come to our call prepared to discuss. No rocket science. Just an honest discussion.
Then, on the Kickstart Your Ride Tactics call, we will accomplish the following:
- On Your Mark – Clarify your most important goal and how your business can lead you to not only reaching your it but going beyond.
- Get Set – Examine a Readiness Analysis Wheel, which we will complete together and understand what your priorities are to move forward.
- Go! – Choose your best course of action and start a TripTik, so you leave with a customized step-by-step plan gaining momentum toward your goal. i.e., Your Business.
So don’t wait. Now’s the time to start planning for your what’s next.
Book your Kickstart Your Ride Tactics Call Today!