Visualize this: You’ve handed in your two-week notice at your soul-crushing 9-5, dived full time into the coaching business of your dreams, and *finally* experienced the freedom and flexibility you always wanted.
Alright, time to snap back to reality…But did thinking about alllll those possibilities fire you up?
Since you’ve tuned in to today’s lesson, I’m willing to bet you’re tired of drinking the same stale coffee every morning, staring at the windowless walls at your office, and tirelessly working to build someone else’s empire. Amiright?
Whether you’ve been hustling on the side or putting together a full-scale business plan, you know you have more to give the world than what you’re currently doing.
But every time you think about walking out of that office for good and telling the word about your coaching biz, you get a *huge* pit in your stomach. You know, the one that has you questioning everything…
“Do I have the skills to make this thing work full-time? Am I crazy to leave the safety of my financially stable job? What happens if I can’t make enough money?”
…until your thoughts spiral out of control and put your goals on the back burner, yet again. *Cue sigh of disappointment*
So, how do you genuinely determine when you’re ready to quit your 9-5 and become a full-time entrepreneur? I’m sharing three crucial questions you should ask yourself to confidently decide whether you should put all those festering doubts behind you. (Spoiler alert: I think you’re more ready than you realize.)
I’m going to let you in on a little secret. There’s a critical difference between coaches who live out their dreams of entrepreneurship and those who go back to their day jobs: the determination to persist when everything in you wants to give up. How’s that for inspiration?
There will be times when you’re signing clients, making consistent cash, and feeling unstoppable. But there will also be moments when you question all your life decisions and want to quit so you can go back to a simpler, less stressful life.
To have a successful business, you’ll need to make sacrifices. Are you ready to give up nights and weekends, brunch with the girls, day nights with your spouse, and even outings with your kid? While you won’t have to make these choices throughout your entire life, you will need to spend a significant amount of time getting your business off the ground.
I’m not a huge fan of the phrase, “If you really want something, you’ll make time for it.” There are only so many hours in the day to devote to alllll the things that you deem non-negotiable, like exercising, working your 9-5, eating, taking care of your kids, handling client work, and the list goes on. (Sidenote: This is why I *love* teaching coaches how to build sustainable evergreen courses, so they don’t have to trade their time for money.)
If you’re burning the candle at both ends—working nights, weekends, and even early mornings on your side hustle—and can’t take on additional clients, that’s a good sign you should dive into your business full-time.
While I know your business will be *wildly* profitable, the hard truth is entrepreneurship is unpredictable—especially when you’re in your first few years. One season, you’re overbooked and impacting dozens of lives at the same time. The next season, clients are barely trickling in, and you’re wondering if you’ll have enough money to pay the bills.
While we’ve all heard the incredible stories of people on the verge of bankruptcy transforming into successful self-made entrepreneurs, I don’t want that to be yours. I mean, yes, the successful entrepreneur part, but I don’t want you on the verge of losing everything you have because you jumped the gun too early.
Make sure you have at least six months’ worth of money saved to cover your expenses. That way, you’ll save yourself from staying up way too late every night worried about how you’ll keep your lights on or if you have enough money to buy toilet paper. When you have enough money in the bank to pay your bills, you can run your business without fear.
So, do you feel more confident leaving about leaving your 9-5 behind? While these questions will help guide your decision, there are many different factors to consider when you want to quit your job and focus entirely on your coaching business. But if you’re waiting for everything to fall perfectly into place before diving in headfirst, then you’ll never jump.
And if you didn’t answer “yes” to all or any of the questions above, that’s okay. Think about what YOU need to achieve before you can feel confident about making the transition. Then, create a timeline for executing those things. I know soon enough, you’ll be living the life you always pictured.
Whether you decide to leap into entrepreneurship with both feet or continue working on your side-hustle, there’s nothing I want more than to see you succeed! This is why I created The Ultimate Sales Secrets to Scaling Your Online Coaching Business guide, where I share the critical five steps you need to take to reach $10,000 in sales each month and how to catapult your business using evergreen funnels. Download it for free.