There is a time in some point of your life when you are strongly considering taking a leap of faith and leaving your so-called support system, your 9 – 5 job!!
If you are an entrepreneur at heart, this feeling will come to you more often than the average Jane.
Leaving the safety net of your 9 – 5 is not an easy decision as most of us are afraid of the unknown. We would rather deal with the fact that we hate our jobs or cannot have more time for family than deal with the stress of not knowing where your next pay check is going to come from.
Well, taking that leap of faith doesn’t have to be a painful journey, if you plan it correctly and make calculated decision, you have less of a burden to worry about.
Here are 7 things to consider before leaving your 9 – 5.
1. Know and understand the motivation for leaving your 9 – 5.
Is it because of Desperation of Inspiration? It is never a good idea to make such big decisions because of desperation. Try to pin point the exact things that frustrates you about your current situation. Is it a very difficult or unbearable environment?
If you are leaving because of inspiration, what is the depth of that inspiration? And what have you done in the meantime to nature what inspires you?
2. What is the main reason for leaving your job?
Is it to start your own business or is it to stay at home with your kids or any other reason? It’s important that we understand the main reason as that will help you create the kind of schedule that you are going to have.
The last thing you want is to be at home and have nothing to do with all the time on your hands.
3. Have you considered holding on to your 9 – 5 for a little while longer?
Think about how your job could assist you in achieving your certain goals. Would it be difficult to hang on a bit longer while you are looking for something much more suitable or build a business or income that can cover and exceed your current pay check. And even help to start your new venture.
4. Have an exit plan.
Plan what needs to be done and what projects needs to be completed before you leave. Never leave things unfinished and always leave your employment on a good note.
5. Understand your finances (income and expenses)
Currently your 9 – 5 could be your source of income, so if you are planning to leave it, have a concrete plan on how you are going to replace the income.
6. Pay off all your bad debt, cut down your expenses and have an emergency savings bucket.
Make sure you take care of all your consumable debts, all the things that take money out of your pocket. Build up an emergency savings bucket that could cover your expenses (home loans, car, insurance etc and a little cushion for whatever extra expenses that may surprise you) for at least 6 months (ideally 12 months) to ensure that if things don’t go well you will have enough money to cover you for a couple of months while you pick yourself up.
7. Do you have the support of your family?
Leaving your job will not only affect you but those around you as well. It’s important that you have a conversation to them about your decision and why you are making these changes.
I hope these pointers can help you plan better your big exit.
Goodluck and remember that sometimes life is about risking everything for a dream only you can see.
Plan it and Go for it.
“Making a big life change is pretty scary, but you know what is scarier? Regret.’’