So you’ve made the brave decision to quit your 9 to 5.
No more scary boss, nasty co-workers and the limitations of a fixed salary.
Sure is a relief right? But now that you’ve left that all behind to start your own business, the last thing you want is to add more stress to your life!
If all you’re doing is trading that in for a different kind of stress, what have you really gained?
Before you kiss your cubicle goodbye, be sure you build a solid foundation first – and we don’t just mean business-wise…
Build a Financial Safety Net
Oh the joys of stressing about money.
Whether you’re concerned about those future college tuition bills, or worse, how you’re going to make this month’s rent, it’s easy to lose your business mojo.
As a new business owner, you certainly don’t want money trouble casting a shadow over your entrepreneurial dream!
Before you resign from your job, set aside some cash for a rainy day. Aim for at least three months of living expenses – even more is better of course.
Hopefully the moolah will be rolling in from early on, but having some cash on hand will definitely relieve the pressure of having a new business that’s not earning its keep – yet!
Make Sure Your Family is on Board
If you think money troubles are bad, try an unsupportive or downright hostile spouse. Yikes!
As any entrepreneur will tell you, not everyone understands the drive to be a business owner. In fact, most people find it pretty scary (and nuts!) to step away from that regular paycheck, just to chase after a dream.
Sound like your husband or wife? Don’t take it personally.
They’re not making a statement about your ability. More than likely, they’re just worried about what the future holds.
Do your best to understand where they’re coming from, and be sure to explain your ideas clearly – why you’re confident it’ll work, and how you plan to cover the start up expenses and manage the risk.
If they’re still not on board, consider starting slow, running a part-time business while still working your day job. That will give you the opportunity to prove your idea is workable, and help your spouse get as excited about it as you are.
Hey, it might just do wonders for your relationship too!
Take Time for YOU
The key to any successful entrepreneur.
No matter what’s going on with your money, your spouse or your business, you need to schedule some “you” time.
No one can work all the time, regardless of how driven you are. A non-stop schedule almost always leads to burn out and you can also forget about staying healthy.
Go for a walk, hit the gym, get a pedicure, or just binge on your favorite brainless television show now and then.
The point is simply to take time away from your desk to rest and rejuvenate. Without it, you’ll soon find yourself overwhelmed and stressed, even if you truly love your new business.
Starting a new business should be an exciting new adventure you’re embarking on. Don’t let the stress factor rear its ugly head and bring doubt and negativity into the mix.
Do your homework, build that financial safety net and communicate with your family. Throughout the whole process, look after yourself, as without you, the whole exercise is pretty pointless!