So, you have a business you’re passionate about, but you’re struggling to find the time and energy to devote to it?
This is a common frustration I hear from women who are trying to get their business off the ground while juggling a busy life.
It’s exciting to embark on a new journey and build a business you love, but it’s not always easy.
Having a full-time job, family and obligations can take up a lot of time and energy which means you have less of it to build your business.
I’ve been where you are and I’ve managed to design my life to fit my needs.
In this 4 part series I share how I find time and energy to build my business and how you can too.
So far we’ve covered getting focused and breaking it down, how to do a schedule smack-down to find more time & how to use your energy, or sometimes lack of energy, to your advantage. If you haven’t read these yet, I recommend reading them first and then come back to this weeks topic.
Transitioning into your business full time.
Now that you’ve been spending consistent, focused time working on your business, you might be ready to transition from your full time job into your own full time business.
Now it’s time to start planning the transition.
Let me fill you in on how I did it:
First, I let my husband know what my plans were and got a feel for what he thought about it.
Then I looked over my budget to see what I was bringing in from my day job and what I was spending.
I calculated how much income I would bring in if I reduced my work day from 5 down to 4.
I took note of the expenses I could let go of, like dance classes and clothes shopping, in order to make my new income work.
I approached my boss and asked if it was possible to reduce my days. (Yes, this was super scary, but it’s one of those things that if you really want it, you have to go for it).
A year later I reduced my 4 day week down to 3.
And that’s where I stand today. When will I take the big leap to my full time business? I’ll know when the time is right. But for now, I’m enjoying my 3 day work week and the income it brings in.
Here are some tips for planning your transition from day job to dream job:
1. Communicate with your significant other or family. Make sure they’re in the loop so that they know what’s going on and what your goals are.
2. Figure out if you can afford it. If you don’t have a budget or keep track of your money on a regular basis, now is the time. You need to be clear on how much you make and how much you spend.
It’s also an excellent time to work on any debt you may have and find out where you can reduce your spending.
Start saving your money for when you need it. (Before you buy something ask yourself, “Would I rather buy this item or run my own business full time?” It will help put things into perspective.)
3. See if you can reduce your hours at your job. Maybe you can cut out earlier or work 4 days instead of 5. FYI: proceed with caution. If your boss decides to let you go instead, can you handle it? It didn’t happen to me, but I heard it happened to someone else – luckily it worked out for the best though. (Check out these tips on negotiating for some tips on how to ask for what you want).
If you’re unable to reduce your hours, consider looking for another job that’s more flexible or less hours.
4. Don’t let your full time job slide. I know you want to spend all day on your own business, but your job is helping you achieve your dream by financially helping you build your business on the side. Stay focused at work and continue doing a great job.
5. Listen to your gut. When you feel emotionally and financially ready to make the big leap, go for it.
Transitioning into a new life takes time. Enjoy the process. Have fun! Take baby steps. Be persistent and determined and you’ll see results. Tweak as needed. Find people on the same journey as you so you can help each other along (it’s much more enjoyable!). Eventually you’ll be living your dream.
I enjoyed writing this 4 part series and I hope you enjoyed reading it.
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