Seven Reasons To Quit Your Job … And Seven Things To Do To Prepare For The Switch

Recently, I stumbled across a fantastic article entitled 7 Reasons To Quit Your Job, which outlines some great reasons to take the plunge, quit your job, and find out what you’re capable of. Here’s a general outline of the list, but I highly recommend reading the full article as these tips are outlined in much more detail there:

1. If I will need to work my arse off, I’d rather do it for something that I own.

2. Should you hit the jackpot with an idea, its your company that will collect most of the profits.

3. Companies pay you for your time, not for the value you create.

4. Hierarchy and politics? No thanks!

5. I want to work on my own terms.

6. Even if you screw it up for 10 years you will still learn a lot more.

7. Are you doing what you love?

Clearly, the goal of this article is to motivate you to open the door to quitting your job and being self-employed. While it’s long on motivation (and quite entertaining to boot), it is short on specifics. Thus, to match this interesting list, here are seven things you can do to prepare yourself for making the leap. I’ve matched these tasks up point-for-point with the original article.

1. If I will need to work my arse off, I’d rather do it for something that I own.

Investigate some business opportunities and create a detailed plan with contingencies. While it’s great to have the desire to be self-employed, the first step you need to make before jumping off the deep end is to plan, plan, plan. You’re going to have to work withotu question, but if you want this work to pay off, you need to have a plan to follow so your work has aim and moves you towards an overall goal.

2. Should you hit the jackpot with an idea, its your company that will collect most of the profits.

Figure out what sets you apart. What are you going to offer that no one else is going to offer? This is your “secret sauce,” or the thing that sets you apart from the rest. Let’s say you plan on being a blogger. What sets you apart from everyone else? For me, it was a desire to focus explicitly on people my age with personal finance problems similar to the ones my friends and I are all facing, an advice angle that I hadn’t really seen on the internet before.

3. Companies pay you for your time, not for the value you create.

Figure out what you’re really selling. In reality, whatever you do, you’re selling yourself – your time and your creativity. How can you make your time as valuable as possible? Are you going to be offering an hourly service, where the rates are tangible, or are you working at building a steady income stream, where the rates are highly intangible? What activities are a waste of time, and which ones are not?

4. Hierarchy and politics? No thanks!

Network, network, network! Get to know people in the community where you’ll be operating, meet as many of them as possible, and learn what you can from them. When it comes time to launch, you’ll want to touch on all of those connections so that your plans can hit the ground running.

5. I want to work on my own terms.

What are your own terms? Are you quitting because you’re chasing a dream or are you quitting because you don’t like your job? What terms are you hoping to work under? To be a success as an individual, you need to have a work ethic – you’ll never succeed by twiddling your thumbs all day, so if that’s what you’re doing at work, are you really ready to suck it up and make something else happen? Figure out whether you really have the work ethic you’re going to need.

6. Even if you screw it up for 10 years you will still learn a lot more.

Do you learn from mistakes? Think about the last time you messed something up. Did it lead to some change in your life on some level? Did you even consider it? Working on your own means you’ll have to be able to interpret failure and find the cause of it; if you aren’t comfortable doing that, then you shouldn’t quit your job.

7. Are you doing what you love?

What do you love? Do a lot of soul searching before you take the leap. Discover exactly what you’re passionate about and follow that above all else, because that’s your best road to success, even if it seems almost impossible. Why? Because your heart is like a steamroller; without it, you’re going to get steamrolled.

If you’re going to quit your job and go for it, spend some time thinking and planning first; know what you want and know how you’re going to get there and you’re already ahead of a lot of people who make the leap.

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