#6: How to Know When It’s Time to Quit Your 9-5March 25, 2020 / Business

There are 2 types of people, the ones who need a plan and the ones who just go for it. Neither is better than the other

There is no plan B, you have to just burn your boats.

What helps:

• have a validated business idea
• have generated at least enough business income the last 3 months to cover your expenses
• having a plan for how you would use all of that additional free time now that you’ve quit your 9-5
• mentorship & support to really hit the ground running

(01:29) I’m going to let you in on a little secret here. Although this episode is going to give you a lot of great tips… you will quit your 9-5 when you decide to. You could have all the checklists in the world, all the money in the bank, all the clients lined up to work with you… but it’s not about feeling ready. You’re never going to feel truly ready, sorry!

(02:10) The safety you have is not in the backup plan, it’s in yourself. I usually say there are two types of people when it comes to decision making: Person 1: Has an idea and runs with it! They will leap out of the airplane, make the decision and go all the way in… guns blazing (i.e ME!)

(03:34) I believe that I am my own best job security. Nobody can fire me. Nobody can lower my wage. Nobody can cap my salary.

(03:57) Person 2: Needs logic in place before they can make a decision. One is not better than the other. It just means that this person’s brain is looking for more before they jump in and make a decision. Do you know which one you are? If you’re Person 2… I have some tips for you right here.

(05:12) Tip 1: Before quitting your job, have a validated business idea. Be super clear on what it is that you do, who you serve, and how you’ll serve them. You don’t need to have absolutely everything planned out right now, but at least have something you know people are investing in. Knowing that people want the thing you’re selling and that YOU wholeheartedly believe in it will give you the confidence to quit your 9-5.

(06:34) Tip 2: Have you made enough in your business already to cover your bills and expenses for the last 3 months? Knowing this should be enough of a safety net to be assured that you can make that income again. Of course, once you quit your 9-5, you’ll have a ton of additional time in order to make even more money.

(08:13) Tip 3: Have a plan. Don’t treat your business like a side-hustle if you’re really serious about quitting your 9-5. What I mean is, when you quit your job, you’re going to have a whole lot more time on your hands. What are you going to do with it? You need a super clear plan of what you’re going to do day-to-day – what money making or community building tasks do you need to be focusing on, rather than administrative tasks?

(10:21) Tip 4: If you feel like you have a really solid routine in your business, it’s going to make you feel much more comfortable leaving your 9-5. I’m talking about posting on social every single day, working on your mindset, and doing the things that will keep moving your business forward. This is all about prioritizing your business and making space for it to be a priority. Do you have a 3 month plan? Uh-mazing… you’re definitely ready to leave your 9-5.

(12:00) People don’t come out of the womb looking like little Grant Cardone’s and Tony Robbins’

(12:06) Tip 5: It is 100% time to quit your 9-5 if you can recognize the investment of mentorship and coaching. When I first started, I had absolutely no money to hire a coach. But, every morning I would wake up in Bali, head to the cafe next door and read a book – usually Awaken The Giant Within or something like that. I wanted to soak in the wisdom of their knowledge. I knew that if I paid attention, I could find my own way too. Instead of looking at one person, I look at several successful people and find the common thread. When I did hire a coach, I put $3,600 on a credit card and made 5-figures in my first month of working with her – that’s because I’d leaned all the way in and lit a fire underneath me.

(15:12) When you lean more into your faith than your fears, that is when your destiny will unfold.

(15:30) So, I’ve given you all the tips here. I’ve enabled you to make the decision as to whether it’s time for you to quit your 9-5, but at the end of the day, you’ll only quit when you’re ready to bet on yourself. It’s normal to be afraid. It’s normal to be scared. It’s normal to worry about other people’s judgement. But, these theoretical situations are just keeping you away from the thing that you want. And hey, if you ARE quitting your 9-5… I wanna know!