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Before you quit your job, are you prepared?
This is not a simple decision to be taken lightly and you need a set goals on how to survive before you can stabilize your financials.
There are a few reasons people quit their job. It could be out of frustration or because they got a better option or they want to focus on their business.
If your reason is based on focusing on building your business, have you read? Have you prepared? What is your mindset like?
I will recommend a few books for you. I haven’t finished reading them but it’s important you know about it because its an eye opener.
Before you quit your job by Robert T. Kiyosaki.
Entrepreneur 5pm to 9am by Kanth Miriyala & Reethika Sunder.
Zero to one notes on startups or how to build the future by Peter Thiel.
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These books will give you a hindsight of what starting a business is like as well as equip you with the mindset you should have towards failure. Failure cannot be over-emphasized, drink it until you loose your fear of failure.
You will find out the different jobs that make up a business and plan for who should fill each role but you as the business owner must know something about all roles.
We hear a lot of success stories on businesses that a thriving but we hear very little of how they began and our mindsets are just fixated on waking up and “blowing” like those people we have made our role models.
Are you prepared for failures? How do you handle it?
As the business owner, you may have the product but do you have a lawyer?
What’s your knowledge about finance and cash-flow like? Do the math.
What’s your marketing plan or strategy?
What’s your business model like? You want your business to grow beyond you or you want to be self-employed? You may start as a sole-proprietor, do you have plans for partnerships tomorrow?
What systems have you set up for the business to work with? Or is it when I want to order for your product, then you start making calls to your people to make inquiries about how to deliver to my state?
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That’s a side hustle, not a business you intend to grow beyond you.
Be intentional about your moves. You will not have the cash to spend at the beginning for a lot of things, let your brain work to give you smart operation ideas that require no initial cost.
Stop asking for initial capital investment, when you have not proven that your business is viable.
Anyone that agrees to help you at this point is ruining your business acumen and you will not last in the business world.
I’m just sharing what I have seen and learnt.
Anyhoo, see you in the next post.