Are you ready to quit your day job? Not quite sure. Well, let’s see. Here are two quick things to think about.
According to Debra Maldonado, CEO of Creative Mind Media LLC, the two things you should focus on when absolutely knowing when to leave your job behind is something very personal that you should evaluate. What she suggests is to weigh these two major factors – time and money. Which one will give you the least amount of stress to give up for short-term while building your empire?
Debra’s take is that time is in short supply when building your business on the side and I totally agree. When building my business, weekends and evenings usually are allocated for business building activities no doubt. Because I could not leave my job while building my business, time was definitely the more attractive thing to relinquish to build “my baby”.
The things to watch out for while doing this is procrastination and the “fallback syndrome”. What can happen if not careful, you can easily be more comfortable in the efforts the job requires than the efforts the business requires and decide it is not worth it to build the business. Or you can just keep making excuses about why you can’t build the business and keep putting it off. Easy traps to fall into.
Debra offered a mindset tip: Call your day job your “dreamfunding” activity while focusing on the long-term big vision for your business. Love this!
Debra’s thoughts on money centered around the fact that time will be more available for you if you don’t have a job but any funds you need to make the business grow will be minimal. There can be some stressful moments involved just from money worries as well so you need to be careful of that.
Debra’s mindset tip: Focus on possibilities and surround yourself with successful people to keep you mentally aligned for success.
My thoughts are simple with regard to this, being able to feed “my baby” is important as I watch it grow so I most definitely want to be able to continue working, even if just part-time, while I grow a business. It is very important for me to hold my stress in check and that would not be such a simple thing to do if I did not have a job and had to stress about money all the time. I also need to be able to have a handle on my money to be able to use it wisely to grow “my baby”. So it was important for me to balance the two.
One may be more important than the other but there is no right or wrong. Ponder the two and see which one speaks to you more. The one thing that should rule in your mind is that no matter the response to your evaluation, you want to continue to move your business along no matter what. What do you feel would be the best solution for you?
Leave a comment and let me know.