Quitting Your Job, Family Rocketship

Quitting Your Job: How to Know When to Make the Jump

Check out a text I got from a good friend of mine this week:

Well, I officially had my “OK, I’m done with work moment” today. I still have my job, but the understanding that I can have a job today but not tomorrow is more apparent than ever.

I’m fed up with the corporate politics and feeling I’m not good enough when I’m giving 150%. I’m just going to give my 150% a different home, mentally, starting today. Physically, as soon as possible.

Maybe what happened was suppose to happen to finally motivate us to actually do what it takes to get us to be self sufficient.

To my friend and to anyone who’s felt the same I say, I feel your pain. I understand you completely.

To put things into perspective, next month my wife and I will have been married for 12 years. In the first 6 years of our marriage, I had 5 jobs. Five!

In the last 6 years of our marriage, I’ve had one business. One!

It’s no secret what I’m happiest doing.

And, just like when you eat some delicious gelato, you naturally want to share it with everyone around you. That’s why I even created Family Rocketship in the first place! It’s for you mi amigo.

Some Common Frustrations of a Job

I get emails all the time from people that are looking to start a lifestyle business and free themselves from the job. They share with me why they’re not happy with their jobs and why they’re even looking at other income options.

Here are some of the biggest frustrations people share with me:

  • “I feel like my hard work is only advancing my immediate boss’s career”
  • “I’m giving 100% and it goes totally ignored”
  • “My boss and coworkers are toxic”
  • “I can’t stand the thought of going into work
  • “I come home exhausted with nothing left to give my family”
  • “I just don’t see how it can get better”
  • “I feel like I could get let-go any day
  • “I can’t move further up in my company”
  • “I’m scared to leave my job because what if I can’t make it on my own?”

It’s understandable why people are looking at making money in other ways now besides just a job.

Personally, I think it’s fantastic. We’ve never lived in a better time in history to make a lot of money and have more time for friends & family and to do really cool stuff in the world.

“Working hard for something we don’t care about is called stress; working hard for something we love is called passion.”

-Simon Sinek

How Do You Know When You Can Leave Your Job?

Let’s say you’ve started something on the side. You’ve finally got your lifestyle business going and you’re excited about it. So much in fact, that you begin to question going into your job.

This is one of the biggest questions I get!

When is it right for you to make the leap and go out on your own full time? And, how can you do it in a way that’s more or less “safe”? In my case, I was let go from a job and had no choice but to make it work. If that happens to you, then by all means go for it!

But what I want to share here is taking the safe route. This way you can quit your job knowing that you’re making the best decision.

I’ve personally found that it boils down to 4 things. They’re all important and will affect your rate of success. Check them out:

1. Sales

When you make sales in your business, it’s proof on two fronts.

One, you’ve got proof that you can sell. That’s super important in the world of lifestyle entrepreneurship. Two, you’ve got proof that other humans are willing to give you money for your product or service. That’s huge! You should get addicted to that and want to make more and more sales!

Making sales is everything in business. If you’re not making sales, you don’t have a business.

[bctt tweet=”Making sales is everything in business. If you’re not making sales, you don’t have a business.” username=”FamRocketship”]

This is the first step to being able to go out on your own. If you haven’t made a sale yet, you shouldn’t leave your job.

2. 90 Days of Living Expenses in Savings

If you’re making sales, awesome! Now think, how much do you have in savings?

You need to have at least 90 days worth of outgoing expenses in your bank account. This includes money for mortgage/rent, gas, electric, food, and stuff like that. You know, bills.

By having at least 90 days worth saved up, if you decided to quit today, that means that you have 3 full months to get your business income up to at least cover your bills. If you’re hungry enough, you should be able to do it in a month’s time. Especially if you go full time on your business, you should be able move quickly.

I’m sure you’re the kind of person that worked hard at your job. Now, you’ll have a chance to work hard for yourself. The payoff is so much better!

3. Be On the Same Page as Your Spouse

If you’re married or are in a serious relationship, you absolutely need to be on the same page with your partner. Let’s say you’re making sales. Let’s say you have 90 days worth of expenses saved up. Now you need to have a chat.

I recommend going somewhere together (no kids) and talk about all of your options. The good news is that if you’re already making sales and you already have money saved up, then you’re ahead of most people. Now it’s just a matter of lining up your values and your goals as a couple.

Not everyone cares about traveling or living in other countries. Not everyone cares about fancy cars or huge houses. Figure out what’s right for you and then decide if a job factors into that. My guess is that it won’t.

What your partner thinks is a BIG deal. It affects everything. I know personally that when my wife says, “go for it”, it’s the extra booster that I usually need to make it happen.

4. How Do You Feel About It?

If you’ve come this far, congrats! Now you need to reflect on your feelings. How do you feel about going out on your own?

If you’re like most people, there’s a little bit of concern there.

What will I do for insurance? Will I really be able to keep selling? What if the market dries up?

Any possible excuse you might have comes from fear. It manifests itself in many ways – even seemingly logical ways. But if you have a thought, and it doesn’t support your vision, then it’s fear-based and it won’t help you. So forget about it!

Instead, hold to your vision and your dream lifestyle. Again, if you’ve made it this far, you have the sales down, you have money in the bank, and your spouse is on the same page, what’s holding you back?

I recently spoke with a couple that are starting their photography career. The more they spoke, the more I realized everything has lined up for them to be successful.

I said, “OK, let me get this straight, with everything you’ve told me, it’s like your dream lifestyle is here, and to get there, every single light is green, right?”

They said, “Yes” and then I noticed that they could feel it too. I know they’re going to make it and it’s really exciting.

It It the Right Time For You?

When you look at those 4 qualifications to leave your job, how do you measure up? Are you ready to make the leap?

If you are, let me know! We’re part of a small but quickly growing entrepreneurial community of cool people all taking control of our lives.

It’s no revolution, but boy is it liberating to wake up everyday and do exactly what you want to do!

Join us!

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