A lot of people are wondering, how to quit my job and start my own business.
All you need to do is create a business that replaces your income and let me tell you
it's a lot easier than you think. Let's go.
In this video, I'm going to walk you through the five things you need to do to launch a successful
business so you can quit your job you can start living life on your terms. So many people go
to a job they hate and complain about it all weekend but starting an own business it places
you in the driver's seat. That's exactly what we're gonna do in this video. Being an entrepreneur and
being an employee are on opposite ends of the universe and here's why. An entrepreneur creates
their future. An employee manages a business owned by somebody else creating their future.
It's a massively different process and what I want to do is shift you from a 9 to 5 thinking to
business ownership thinking and in this video by watching every single tip by the end you're gonna
understand how entrepreneurs need to think to create that revenue so you can replace your income
and I don't care if you're trying to replace 50,000 a year or 500,000 a year. A business can do
any amount of money as long as you're in the right industry. Launching a business is scary.
I can still remember the very first business I launched when I left my job. When I left my job
I had no money I was just about to get married and I was going to launch a business the same year
as my wedding when I was 20 years old. It was terrifying and I was leaving a job making $10 an
hour. I shouldn't have been that terrified. But the truth is at that time it was all the money I had
guaranteed and that means that I didn't eat if I didn't make money. It put a lot more pressure on me
every day to make sure I could find customers make money and actually provide and here's the thing.
The principles of running a business is simple. The execution, it takes effort. It takes shifting
your mindset and it takes you ready to prepare yourself to truly win. The very first thing you
want to do is make sure you don't leave your job too early. So, you want to do your research. Start
researching the types of businesses and industries that you'd be a good fit for. Maybe you do things
in your job that you can actually create a business around. Maybe you work for a company
in which you manage all the financials and you can actually get a certification and become
a bookkeeper and start running the books for other people's businesses but on your own terms.
So if you can leverage skills you're already using in order to start a business that's a huge
win. Now, let's say you hate what you do. You go in every day and you just hate the tasks you do.
Then we can shift industries completely but it still needs to be centered around knowledge or
skill you have. So, you want to start doing research around two things. Number one, you want to start
looking inside and saying what am I really good at and what could I really build a business around
and then the second thing is take all those things you're truly good at and look over and say what
kind of businesses exist around this skillset and if I can find the marriage of those two things
I have a great business waiting to happen. After you've chosen the industry and chosen the kind
of business you're going to start you're going to want to create a business plan and these are
really fun to create. Because it allows you to dream. When you go to a job every day that you
don't like it's like your dreamer gets broken. Building a business plan for me has always been
a blast because it allows me to dream. Man, I could help this customer this way and I could
do this way. Doing a business plan it's one of the most fun things of building a business. Because it
allows you to create a vision for what the future could be. Destiny is built within business plans.
Your future is built within business plans. The freedom you're going to have with your spouse
and kids and friends are built within business plans well-executed business plans and all a
business plan is it's a layout of what kind of business you're starting and how are you going to
find customers? How are you going to serve those customers? It's very simple but it's very important
and I'm telling you this is a fun thing to do with other people that know business. Go out to dinner
with a couple people that really know business and tell them you're writing up your business plan ask
them some questions of how they would structure it. Because this is a great dinner conversation of
maybe how they started their company and how you could start yours. The third thing you're going
to want to do is start hanging out with business owners. When I was an employee one of the things
I noticed is a lot of people complained about their job. So when we were at lunch people were
complaining about their job and how they didn't like it and how they couldn't wait for the weekend
and when I was talking to people outside of their job it was complaining about oh the 9 to 5
Mondays coming and it was just a lot of negative energy. I can tell you, when you get around business
owners that changes because most business owners are pumped about their life they're excited to
build their business. Now, some business owners may be at a hard spot in their business and it's very
stressful. But business owners are still creating their destiny they're still growing their company.
So I would tell you start hanging out with as many business owners as you can. Number one, is you want
to start shaping your mind to start thinking like an entrepreneur. Because remember, as an
employee business happens from you. Meaning, you're managing the business. As an owner, business happens
because of you. Meaning, you have to create it. You have to create the work and make sure that it's
flowing. So an entrepreneurial brain thinks a lot different. They think about opportunity. They think
about collaborations. They think about sectors of the markets that are unserved and that's the way
you have to think and the way to help your brain change a little bit by osmosis is start putting
yourself in rooms with business owners that are thinking like that and let me tell you a tip that
I learned early on just shut up and listen I learned that early in my business career. Don't
go and meet with people and try to prove how much you know just ask questions and listen. Become the
best learner you can. Because if you really want to quit your job and start a business you need to
soak up information at a rapid speed. Being in rooms where people that know a lot more than
you is a great way to do that. My mentor used to tell me this, "If you really want to grow you need
to be the dumbest person in every room", and I love that statement and I know some people really kick
against that statement because it's calling us dumb. But what I've realized is if I keep placing
myself in rooms where I'm the dumbest person in every room I begin to feel like an expert in a
lot of rooms. Because I'm just learning and soaking in information on people's experiences and so I
want you to start building your relationships with other business owners. Before I go on to the last
few tips how you can kick that job and launch your business. Make sure you subscribe to our
channel where I give a lot of money management tips, a lot of real estate investing tips and a
lot of business tips. So you can create financial freedom and build a business you're truly proud of.
The fourth thing you want to do is just move with caution, move with caution. You don't want to quit
your job before you're ready but you also don't want to stay longer than you should and sometimes
quitting your job and moving out it's very scary. I've done this twice in my life. I did it when I
was 19 as I mentioned and I did it when I was about 32. I was a teacher and I was going to go
out on my own and start a speaking business and start traveling the country. The school was working
with me and allowing me to travel throughout the school year and then at the end of one year they
decided we're not going to allow that to happen anymore and I had a decision to make. Did I say
no to my dream or do I stay at a job that I'm ready to move on from? It seemed almost like
it was stupid to leave a good paying job. But it was even more stupid for me to say no to a dream
and Napoleon Hill in the book Think and Grow Rich said, "If you want to be successful you need to burn
all bridges of retreat", and the idea is that I had to jump from that job with a little bit of faith
that god was going to take care of me because I really believe i would following a call to help
people and when I did that it was amazing when I jumped that land appeared and that's what happens
a lot of times. Now, I'm not saying jump stupidly and jump before you're ready but I'm saying do as
much of the groundwork as possible. But there comes a time when you've sat on the plane and it's time
the parachute's hooked on and you're just gonna have to jump. It's gonna scare the living daylights
out of you but let me tell you as you're going down it's a fun ride. But you have to be willing to
take that jump and I've learned it's a lot easier to jump if you got people on the plane that are
encouraging you and that's why it's important to get inside of rooms of people that believe in you
and are encouraging you. If you're standing around people that are like why would you quit a good job
and you're hearing statements that are discouraging. This it's going to make it really
hard to jump and you're going to feel safety on that land. What I want you to do is I want you to
get more scared of complacency than you are of uncertainty and that is what will help you get
this business launched so you can quit your job . The fifth thing you need to do if you're gonna
quit your job and start a business is get a mentor. Get somebody who you can call and bounce ideas off
and I will tell you some mentors charge hundred to two hundred dollars an hour. Some mentors charge a
package for a year of up to 15 to 25 thousand dollars. So mentors are all over the board.
But finding a good business mentor who can give you some ideas in the midst of uncertainty. You
can call when you're feeling a little scared or you can't get customers who are you going to call
when you can't do that and you really need to earn revenue but you don't know what to do. It's great
to have a business mentor to bounce ideas off of so you can keep that business idea moving forward.
Mentors changed the game for me. My very first mentor changed my life forever and my life is
still different today because I hired that mentor and a quick bonus tip is leverage your resources.
If you're a teacher leverage the resources in your building. People in your building may know people
that own businesses their friends and colleagues or brothers and sisters may own businesses.
Find somebody that owns some businesses. Use your network. Use your own collateral. If you
need some startup money. Maybe you have some equity in your home you could pull off. Most people don't
understand they have more resources than they think they do and your own resources are going to
be very helpful in launching your business. I'll tell you something my business mentor told me.
Most people don't fail because of the lack of resources they fail because of the lack
of resourcefulness. There's a big difference you may not have the money, you may not have
the information, you may not have the education. But you can get it all but you have to be resourceful
and be willing to pursue it all. I also want to give you a free gift today. I have a free business
startup checklist that would be perfect for you to make sure you don't miss any of the important
things as you're launching your business. So, go down in the description click that link you'll be
taken to a page snag your free business startup checklist and we'll see you in the next video.