Finally ready to leave your 9 to 5 to explore entrepreneurship?! Keep these 5 steps before you quit your job in mind before you resign!
1. Exhaust all of your options.
Wait. Before you submit your resignation, ask yourself if you have truly exhausted all of your options. Could your responsibilities be changed? Could you work part-time in order to leave yourself more time for other things? Could you take a temporary leave? There may be a less permanent solution that allows you to find happiness in your current job. Make sure you have exhausted all of your options before you decide to resign.
2. Save an emergency fund.
Do you have savings to fall back on? Could you afford to live without income for 3 months? 6 months? Before you quit your job, pad your savings so that your necessities are covered should it take you awhile to get a consistent stream of income again.
3. Practice being self-employed.
You may really dislike your boss, but life without a boss also has its challenges. Practice being self-employed while you still have the structure of working for someone else. How will you manage your time? How will you keep track of your tasks? How will you measure your success? Dedicate some evenings and weekends to setting up systems so that you can smoothly transition to self-employed life.
4. Use all of your benefits.
Unless you are covered by your partner’s benefits, leaving your job for self employment likely also means leaving your benefits. Once you start seriously considering submitting your resignation, utilize all the benefits you are able to. See the dentist, get new glasses, refill any prescriptions, and utilize any employee discounts. Not only will it save you a bunch of money down the road, but it also starts the new chapter in your life with a focus on self care and self improvement.
5. Read about others quitting experiences.
People quit their jobs everyday and many share their experiences online. If you are struggling with your decision, or feeling anxious about what happens next, reading about others’ experiences can be hugely beneficial. (Before I quit, I read every book Jon Acuff ever wrote and felt inspired to finally make the leap.) Find people in a similar career, or who are moving into the career you aspire to have, and listen to their perspective.
Like 5 Steps Before You Quit Your Job? Read my other entrepreneurship blog posts here.