Before you make the transition from the corporate world, to doing what you like and being on your own…
“Teachers open the door, but you must enter by yourself” – Chinese Proverb
Are you desperate to get out of the rat race and start doing what you love?
There are many who feel that way, but this is not for those who don’t have any idea what to do with their life. I guess they still need to keep looking.
But what if you have something concrete in mind? Something that you are passionate about, but not sure how to pursue it and also support your other responsibilities, such as your family, at the same time!
Here are some tips / suggestions that will let you do, what you want to do, and at the same time shoulder the other responsibilities as well.
I believe, and you also need to believe, “Where there is a heart, there is a way”.
KISS & Avoid Gratifications
KISS – Stands for Keep it simple silly!
Most of us have heard this, but the most difficult to implement, especially if you have a job and are in the company of others who are quite happy to be there.
But the fact is that you really need to keep your life simple, in case you are planning to give yourself a break from the regular job.
Are you planning to buy a new car just because you got a raise, or one of your colleagues has bought it?
Do you really need that car? Instead, can’t you give yourself a couple of years with that money, and do what you had always dreamt of doing?
There’s a reason that the book “The Monk Who Sold His Ferrari” is a bestseller; obviously many could relate to it.
With a day job in hand, it is very important how you manage the spare time you have. It could be after office hours and mostly over the weekends.
You need learn to say “NO” to many things that don’t matter, and have the determination to not give in.
You will be juggling between your day job and your passion for some time. For some, it could be even years.
So the more time you spend on your passion, the better are its chances of growing into something big, on which you can depend once you are on your own.
So remember KISS and focus on things that really matters to you.
Know Yourself
I know that you definitely know more about yourself than I do. But let me explain.
There are many who seem to have natural business acumen, and to whom making certain amount of money really matters. They are also able to focus well, both on the office front as well as their passion.
But the problem with that approach is, unless they don’t make good money from their side business, there will not likely quit their jobs, and it means they will never go on their own full time.
On the other hand there are many, who are so desperate to do what they love, that it has an impact on their office work.
They are not able to hide their displeasure for their jobs, and it starts showing up in their performances. And that is definitely not a good thing!
So either try to balance both well, or at some point just call it quits.
Put Your Passion in Action
It is very important to have some monetizing plans with your passion, and the best way to do that is to test it.
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In you spare time, practice what you are going to do once you are on your own, and see how you can make money. Even if it earns a small amount, it is okay as long as you see the potential.
If possible take a few days leave from office (preferably at least a week), and see how it feels to be on your own.
It’s a totally different thing to just imagine how your typical day would feel like, once you are your own boss, and actually experiencing it.
And when you are doing this experiment, also keep a tab of your productivity. Just see if you are really able to accomplish a lot more, or does a lot of your time get wasted (tv, sleeping, etc.).
You’ll definitely be surprised with the results, and glad that you did this having your job intact.
Create Multiple Streams of Income
Once you see some success with the above step, it is but natural to feel good about it and also feel that eagerness to quit that job.
However, it is also very important to test for multiple streams of income, or better still another source of income for your family.
It’ll be great if you can provide that doing the work that you intend to do, but it seems a bit unlikely, or maybe it will take more time.
However, don’t rule out other possibilities.
Planning for these things will only make it easier for you, once you are on your own, and will give you a much better chance of earning a full time income from your passion.
You are less likely to get dejected and give up mid-way!
Savings
This is important because once you are on your own, having some money in the bank will make you:
It will definitely take some time for your passion to generate solid and stable income. But this way, you won’t put yourself and your family under risk.
For some time, you can forget about savings, and just plan for your living expenses. Start saving for anywhere from 12 to 18 months of living expenses!
Remember you need to devote all your time and energy on your passion, if you want to be successful in the end.
Have a Support Group
Very important I would say! Once you have the above steps covered, explain that to your spouse and family. Let them feel comfortable too!
Find mentors and other key people, who are capable of providing advice, assuming things get complicated.
Also, think of ways on how you’ll stay socially active, as it is quite possible that your work could make you isolated.
It is very important to stay connected with friends, relatives and passionate people.
To Conclude
That’s it! You now have a solid road-map in front of you, which gives you a good chance of taking shot at your dreams. Once you have taken care of these steps, you just have to take action; one of them being quitting your job (which can be another challenge though).
In case you have been coming up with excuses or wondering how to get started on your own, while supporting a family, this is a good plan. Once you are on your own, there can’t be any excuses; only actions!
Following these steps will make you feel more secure, comfortable, and help you make the leap from being a corporate prisoner to becoming a free soul.
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