Check out this great episode which draws from their personal experiences in leaving secure, highly paid roles to start businesses, as well as their interviews of a wide-range successful guests on Careers Unplugged.










Thinking of leaving a job to start a business? Check out these points from Stu Hayes...
1. Check whether you are being delusional

Is it possible your business idea is not actually any good! Here are some tips to help you get a reality check as to whether jumping ship makes sense:

–        Identify the questions that will help show you whether you are aiming too high (or too low) and then honestly answer them

–        Find someone  independent who you trust to tell you the truth (not what you want to hear).

–       Make sure these discussions look honestly at your strategy… and continue to look at this AS YOU MOVE FORWARD – your early work and achievements may show that the strategy is not quite right and needs to evolve. Sticking to it may be a huge mistake.

2. Cover your basic cash needs

Will your business survive if you can’t afford to be in it? If you are like most people, the answer is NO!

The question is,  what can you can do to generate cash and avoid having to close up shop (or never even open!). Here are some options:

–        Aim to cover your living expenses by generating cash outside the business (but keep your expenses as low as possible).  Options for this include your current job or some other ‘cash cow’,  a new lesser paying but more flexible job (eg a casual role), or even securing some clients before jumping ship into business at all

–        be open to securing clients at lower rates to get early cash. You can always change your client mix in time as your business grows

–        Unless you are competing against your current boss/employer (which is probably neither cool nor ethical), start now. Find a small product/service you could sell, to start now

–        DO NOT ERODE YOUR CAPITAL ON LIVING EXPENSES. It is MUCH better to find lower paying jobs that allow you to live modestly than to chew through savings to live while you build a business

And don’t forget…

As a member, you can learn more about so many of our wonderful guests right here at Careers Unplugged, as well as getting direct access to interviews, bonus gifts and other resources all provided by our guests for your benefit.

Become a Member now… and then ‘pay it forward’!!

What can you do to help the world?









COACHING PROGRAMS





Do you have high objectives in your career or business?

Would you like someone beside you who has ‘walked in your shoes’?

Would you like to take the shortest, safest or most effective steps?

The Master of Me Coaching program is designed to help YOU be your biggest.

Click Here



STEP-BY-STEP BLUEPRINT TO WIN JOBS





If you have ever wanted to land a job you felt would be perfect… but it was a huge step up in responsibility, or there was someone already ‘preferred’, or you knew you were going to face tough competition, then check out the Careers Unplugged Step-by Step Blueprint to Win Jobs…

Click Here



Careers Unplugged Live for your club, group or clients





Like to take a leaf from Melbourne Victory Football Club?

Like to run a Careers Unplugged Live event to benefit your club, team or clients?

Click on the link to learn more…

Learn More

The post CU 42: When Should You Leave Your Job To Start a Business? appeared first on Careers Unplugged.