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This wasn’t an in a single day determination for me.
When you’re considering of beginning your personal one-person enterprise: Don’t bounce off a cliff. Construct an exit ramp as an alternative.
I used to be already planning my exit for about 1.5 years in my 9–5 earlier than I pulled the set off.
Throughout this time, right here’s what I did:
I made certain I had 2 years of dwelling bills saved in my financial institution — I saved near 60% of my six-figure earnings for quite a few years. I’ve pushed the identical $4,000 Toyota Yaris I purchased in 2018. I’ve worn the identical sneakers and garments since 2016.
I began to freelance and create content material whereas I had a 9–5 job — I used to be writing on Medium, creating content material on LinkedIn, and attracting shoppers whereas I had a 9–5. I used to be constructing impartial & leveraged sources of earnings that might scale with time.
I constructed an electronic mail record of contacts I may promote my providers — I subtly hinted to shoppers that I used to be leaving. I checked my contract for a non-compete clause. I nurtured key relationships and positioned myself for enterprise alternatives.
By the point I walked out:
- I knew I may survive for 2 years with out an earnings.
- I had two six-figure contracts already signed.
- An viewers that I may monetize.
And the more serious factor that might occur to me is I’ve to go get one other 9–5 job or drive Uber Eats.
I took a extremely calculated danger that had a large tolerance for error. It’s best to do the identical.
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