Ready to leave your corporate job for full time entrepreneurship? You have to set your exit date.
You have your business, you have launched it, you are working in it each day AND you are still kicking butt in your day job. But you are ready to take the leap; you are ready to step into your own business full time.
But how do you do it? How do you find the balance?
Too soon and you may not have enough money to support you or your business. Too late and you may have strangled the growth of your business. So how do you do it?
First, decide why you want to quit your day job. This may sound funny, but you need to make your why real and known. If you can anchor in the idea that you want to quit your day job to be free, to be the person you are meant to be, to have the impact you are meant to have, etc. for example, then when the going gets tough, you are going to keep pushing. It’s your leverage to keep you going.
Second, draw a line in the sand. Look at your calendar and set your quit date. This does NOT mean you turn in your notice and you tell everyone you are leaving. This is a line in the sand for you! This is a deadline you are striving to achieve.
Third, sit down and determine what it will take between now and then for you to be able to act upon it. How much money will you need to generate in your business? How much will you have to spend to generate that income? Can you do that? Make it a stretch, but keep it reasonable. You have to have a realistic chance at achieving it.
Once you do that, grab your calendar and start planning for when and how you will get the work done. Create milestones to ensure you check in and validate that you are on track.
Then, as the date approaches you will either achieve your goal sooner than expected, or you will miss the date. But let me tell you, if you miss it, you will STILL be ahead of those who never established a quit date. The deadline pushes you to achieve. In my experience, those who do this aren’t too far off from their original date, about a month later, which is nothing when it comes to creating the life you want to live.
So get to work. If you are ready to plan your corporate exit, follow the steps and start making it happen.