In the last few weeks, I’m seeing a significant increase in employees posting about their great resignation and sharing heroic updates about their “two months in” on social media. Congratulations, by the way. The journey you’ve started is an exciting one, and you’re in for a ride.
On the other side of the same coin I see independent entrepreneurs throw in the towel as they’re tired of the “hustle and grind” and want something more steady. On my darker days, I still belong in that category. While the dream is free, the hustle is sold separately.
Whether you decide to stay in the corporate world or to go and follow that “dream” – make sure you’re well informed. Preferably before starting something new. Job security is great but usually doesn’t extend much beyond the two-week notice period. As an entrepreneur, the only real security you have is that there is none, ever. Not everyone is cut out for that. So before you do anything else, here’s what you need to know no matter which side of the entrepreneurial fence you’re on today.
The Entrepreneurial Fence
In my Happiness book I’ve shared more of my thoughts about the topic. Happiness isn’t about being an employee or an entrepreneur, and unhappiness exists on both sides of that often debated fence. The grass is always greener on the other side. So start there. Start with the green grass. Set things up right from the start. Don’t stay in a toxic work environment if you’re in one. More importantly: Don’t create a toxic environment on your own if you must go independent. The only thing worse than working in a toxic environment is owning that toxic environment. Either way, you can do something about it.
To be in business, you have to make money from day 1 (and preferably sooner). Replacing your income means starting over at zero. If you focus on adding income instead of replacing your employment income, financial freedom may be closer than you think.
“Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for.” ~ Epicurus
The Entrepreneurial Mind
First, work on the mind – your entrepreneurial mind. Learn to think like a shark. Seek new opportunities and experiences. Look to add, not replace, income streams before you do anything else. And when you do – set it up right from the start. Build your business the right way so it’s scaleable when things do work out. Most new clients that come to me share they have a dream of their venture going “viral”, but if you look at how their systems and processes are set up they wouldn’t last for even a few minutes if they truly were to ever go viral.
Secondly, don’t go at it alone. Get the help you need and deserve along the way as you carve out your journey. Sure, when you’re just starting out, you may feel “happier than ever before”. That emotion is a valid one, but mostly brought on by the change itself, not by the fact whether you “did the right/wrong thing” (or something in between).
If you’ve taken the step already, congratulations. Don’t quit (again), and believe in yourself because you got this. As always, let me know if there’s anything else I can do to support you. The easiest way to reach me is via good old text message – please say hello, let me know where you’re at and stay in touch.