Tagged in: small business
“Some 80% of your life is spent working. You want to have fun at home; why shouldn’t you have fun at work?” – Richard Branson, Virgin Group Founder
A 2014 Gallup Poll found that 70% of U.S. employees were not engaged in their jobs. In other words, they were not enthusiastic about their work, or committed to their place of employment. A vast majority of people hate their jobs. As Richard Branson points out in his quote above, a lot of us are spending 80% of our lives miserable.
I get it. Kinda. I’ve never had a “real job” and really never found it that difficult to start a business. And trust me, it’s not because I am any smarter than you. If you can stomach the torture of the nail-biting interview process, I’m pretty sure you can handle getting an EIN number, and a business license.
Not everyone should to quit their jobs today, and start a business, but a lot of you really need to consider it. If you love your job–stay. If you don’t like your job, but your financial/health/family situation is precarious–stay for now, but start a side business and start planning your exit. The rest of you, listen up!
5 Reasons To Quit Your Job Today
You Don’t Have Kids or A Mortgage: If you don’t have the burden of a lot of huge responsibilities, take advantage of it. I started my first business when I was 19. I was single, shared an apartment with three other people, and I owned very little. It was the perfect time to take a risk on a business idea because I had little to lose. By the way, I started that business with $75, and it later became a million dollar company.
Take stock of what you have to lose. If you are still living at home rent-free, and going to a job that you hate, I just don’t get it. Make the most of that kind of privilege while you still can. Take control of your destiny now. And get out of your parent’s house as soon as possible. Independence is a keystone of any entrepreneur.
You Already Have A Business But Your Job Is Your Security Blanket: The truth is, the job you hate, is hurting the business that you love. How screwed up is that scenario? How can you grow your business to the point it needs to be to sustain you when you are giving your good stuff to your employer ? Keep in mind, you are also actively assisting in making someone else wealthy, so let’s get jiggy with it, and do that for ourselves. What say you?
You Are Being Verbally Abused, Bullied, Or Harrassed: A paycheck, or anything else for that matter, is not acceptable tender for abuse. Get the f*ck out. If you are reading this at work, and this is happening to you, I want you to stand up, pick up your things, get your sandwich out of the fridge, and walk out. If you are reading this blog, I trust that you already want to, or have started a creative business. If you need help getting a business started, you can email me at email@example.com.
You Spend Your Workday Dreaming Up Business Ideas: You are an entrepreneur trapped in an employee’s world. If only there was a portal to the entrepreneurial world where you belong.. Oh yeah, it’s called a door. And if you also happen to have an emergency savings account, you should run, not walk, through it.
You Care More About The Company Than The Owner: I know who you are. You are the employee that shows up early, stays late, notices company problems and tries to fix them. You are constantly trying to instigate change. Screech! Pump the brakes. Your boss doesn’t want you to improve the company, he wants you to do your job, and not rock his gravy boat.
What you do for them, you can do for your own business. Make yourself rich by removing the salary ceiling. There is no salary ceiling in entrepreneurship. Work hard for yourself, and see your dreams come true, not someone else’s.
Hey JellyVisionaries! Need help with business ideas, strategy, planning? I do creative business consulting! Contact me at firstname.lastname@example.org.
I believe in you!
Money Is A Tool
Money is often associated with greed, and corruption (Thanks Financial Crisis of 2008 and the $7.7 TRILLION bank bailout) but it’s simply a tool that we can use to gain freedoms and choices. Consider a brick. You can use it to build a house, or throw it, and break a window. As creative entrepreneurs, we need to adopt a more positive relationship with money so that we don’t sabotage our own success by our sheer aversion to it. This leads to weakness is pricing our products and services, under-education on money management, and even guilt for being paid for our goods and services. Evilization of money will cripple you in business. If it helps, think of all the good things that money does in the world. Check out the world-changing work of the Bill and Melinda Gates Foundation for a start. Prepare to feel good about money!
Money Isn’t The Best Way To Get Rich
Have you known someone with lots of money, but little joy? Me too! Being an entrepreneur since age 19, I’ve had times with plenty of money, and I’ve had less than zero money after one of my businesses failed. Having a negative amount of money was painful, but it opened my eyes to what was really valuable in my life. It wasn’t a single possession. In fact, I sold quite a few possessions in order to pay my bills. At that time, I had nothing in the bank, but I realized I was very, very rich. The things that I value the most are my husband, my friends, my family, my health, my podcast, my improv troupe, and my burning desire to build businesses. Everything else is gravy.
This article from RichDad.com points out that many people who make a lot of money are not monetarily rich because they spend too much on living expenses and taxes. They often spend what they earn, and then some. This is worth a read. Just because someone drives a nice car, and lives in a big house does not mean they are rich in any way.
Time Is Worth More Than Money
We always here that time is money, but that isn’t exactly correct. Time is infinitely more valuable than money. You can always make more money which is one reason I don’t stress too much about it. I do stress out about time. Once you realize time is a non-renewable finite resource, you will guard it, value it, and cut out a lot of life’s bullsh*t. We start each day with the same 24 hours as everyone else. It’s empowering to know that we can take that even playing field and crush it by the end of each day. Here is a great post from Success.com on why time is more important than money. It turns out that people who value their time over money are much happier. And that is science, folks!
Money Should Work For YOU
How can we get money working for us, and stop our daily scramble to pay our bills and get ahead? Good news, JellyVisionaries, there are lots of things you can do!
Pay yourself first. When money comes in, set aside 10% and put it in an interest savings account. We all waste at least 10% of our money, so trust me, you will still pay your bills, but you may go out to eat less. Once you save a thousand dollars, consider moving it our of a low interest savings account into a higher return investment. Here are some smart ways to invest $1,000 in 2016.
Use affiliate marketing to make passive income. Affiliate marketing is the process of earning a commission by promoting other businesses’ products. Establish yourself as an affiliate with your favorite businesses, and start promoting them to your audiences with your affiliate code or link which will typically give your audience a discount and earn you a commission. Consult this article from ProBlogger on the ins and outs of Affiliate Marketing.
Sell products online. Your business can earn income while you sleep when you sell products online. Your store is never closed and is open to people all over the world. You just have to help them find you. Here is my post 10 Minutes To Selling Your Art Online but that method does take more monitoring than an online shop like etsy or having a shop live on your website. Here is an article on how to set up a store on your website. It’s not as hard as you think!
I hope you enjoyed this blog post about money, JellyVisionaries! I wish you all the money you need to have the lifestyle and freedoms you desire. You are worth every penny!