so you're thinking about quitting your job you're unhappy with the pay and you want to earn more
money you've seen tons of people online making 10 times what you're making for the same amount
of work or maybe you just want more flexible workouts you want to work remotely from home
or abroad or you simply just hate your boss and you want to stick it to them i get it i've been
there myself i quit my job back in 2017. now i come from a sales background the last job title
i had was business development manager at 23 years old i was responsible for heading up the
sales division for the company i was working for bringing in new customers every single month i was
paid a respectable 50k per year for 40 hours of work per week nine till five pretty standard stuff
but this was a pretty respectable job for 23 year old guy or girl in my local area but i found it
so depressing looking around me in the office every day were people twice my age doing the same
they've been doing their entire lives with no ambition to progress any further and i found
that so unfulfilling and sad now i thought i'd be fulfilled by this job because of the money i was
making it was a respectable sum at 23 years old but i wasn't i was still working all year for one
holiday that was over before it had even started i couldn't enjoy the money i was earning so it was
pointless earning that amount and so i started seeking to find ways that i could escape that
job that i could gain more freedom within my life and i started looking into online business models
opportunities out there for me to quit my job as quickly as possible and that's when i stumbled
across something called social media marketing which is simply the act of providing social media
services to businesses and helping them to increase their revenue i was from a sales based
background this made sense to me and so i started immersing myself in the marketing space and i
managed to sign my first clients within two weeks of educating myself i then quit my job because i
replaced my outgoings and the rest is history i now have an advertising agency responsible
for generating millions in new revenue for companies all over the globe every single month
and an education business that gives people the vehicle they need to escape the monotony in their
everyday life but granted most of you might not be as fortunate as i was i was in a situation where i
could afford to invest my mornings and my evenings into a new career path some of you will have
way more responsibilities than i did some of you will have kids or loved ones to look after and so
i recommend to everybody that is looking to quit their job to go through a thorough risk assessment
process and weigh up the pros and cons before you do and yes all of the successful entrepreneurs
will tell you that you need to take risks in your life but you need to be sensible and realistic in
the grand scheme of things but ultimately once we understand the risks we eliminate the fear
associated with quitting our job because fear is the only thing that's stopping you from making the
decision to quit your job today fear of quitting your job and not making enough money from your
business to provide for your loved ones to pay for your mortgage your rent or your car or even
food the fear of failure now i'm gonna give you some action steps for risk assessment in a moment
but before we do i want you to check yourself i want you to think about and think about this hard
whether or not you understand why you want to quit your job okay why do i want to quit my
job why do i want this change of a career path why do i want to earn more money why do i want
more freedom within my life what is it that i want tower of my life that is causing me to make
this massive drastic change and move away from employment and start my business because you truly
need to understand and wholeheartedly believe in yourself that starting a business is the right
decision for you because starting a business is way more stressful than a job starting a business
causes more problems in your life than than employment ever will because nobody tells you
this because we all glamorize starting a business but you will have to work harder in your business
than you will in your job when i first started my agency i thought it would be plain sailing after a
couple of months i'd be completely passive living off a beach in barbados and i was completely wrong
okay you're constantly going through this cycle of saying yes to opportunities not knowing how
to fulfill them learning about them okay the roller coaster of business and it's never ending
and then you get sidetracked with a new idea and you start a new venture and you hire team
members you have to understand how to go through that and there are these constant hurdles that
we are overcoming life doesn't become easier when we start a business it actually becomes
a lot more stressful at least in the initial stages now you can pacify a business but there
are not many businesses out there enabling you to do that within the first six to 12 months you're
gonna have to put in a lot of upfront work and so you need to be ready for that and you need to be
prepared for that and you need to understand why you want to put yourself through that
because if you don't then you're going to quit your job you're going to try starting a business
you're going to realize it's hard and then you're going to end up back in employment with a broken
ego maybe having to go back to your boss with your tail between your legs but that's something that
drove me i knew i was never gonna give my boss the satisfaction of going back to employment
when he said to me jordan i'm not sure your business is gonna work i don't think that i
see longevity in your plan when i heard them words there was no chance i was ever going to
give him that satisfaction of me not succeeded and that drove me but i also understood my why
and i understood that i wanted to provide for my friends and my family i understood that i wanted
to build a legacy and an empire and i wanted to build generational wealth for my family name and
i also down the line want to start the life of philanthropy i want to start the charity in an
environmental business i understood my whys and what i wanted to achieve and why i was doing this
in the first place so i really want you to check yourself with that and understand why you want to
quit your job first before you make that decision i actually have a video and i'll put a link
somewhere around here maybe i'll put a link in the description about finding your why if you don't
understand that yet then go and watch that after this video i think it will really help you out
risk assessment how do we assess our risk well the main thing that we need to understand
is our finances you need to understand the ins and outs of every figure going in and out of your
bank account when i was working in that job and i knew i wanted to quit i created a spreadsheet and
i would advise you all doing the same and i took my last three months bank statements and i jotted
down every single transaction going out that was a regular transaction okay my phone bill my car
my rent how much i was spending on food i added that all up okay meals out but also my grocery
bill i figured out exactly what i was spending on every single subscription from netflix to amazon
prime and i knew exactly the number that i needed to earn to be able to cover all of those outgoings
but even more than that we need to understand which of those things are unnecessary because
if i waited to cover my entire outgoings and i think at the time my outgoings total was like
3k a month okay quite a lot of outgoing so i was quite foolish in the way i spent money
when i was younger but that's just our total figure our total cost of living the lifestyle
that we're living right now but as human beings we naturally base our lifestyle on the amount
of money we are earning and so there's a lot of unnecessary costs within that amount and so what
i did was i looked at all those unnecessary costs and i wrote them all down on this spreadsheet the
amount of money i was spending on clothes i'm going out drinking with my friends on
meals out every single week and i subtracted that from the total amount to actually establish what
my minimum cost of living was a comfortable lifestyle now i didn't get rid of absolutely
everything this was still a comfortable amount but i went through financial analysis
i understood my figures i understood where i was wasting money and i came up with my bare minimum
outgoing cost i came up with a figure that i knew i needed to reach in order for me to quit
my job and so i set my sights on that figure and said when i earned this much within my business
i will quit my job and take the risk to go out on my own and i would recommend you doing the same so
to summarize write down on a spreadsheet all of your incomings and outgoings over the course of
three months okay you've got your total amount of expenditure to live your lifestyle right now okay
then get rid of all of the unnecessary things you don't have to live a life of poverty okay you can
just get rid of the unnecessary things you can still live a comfortable lifestyle but reduce
it down to have your minimum monthly outgoings that you are comfortable with and set that as
your goal to earn within your business before you go ahead and quit your job some of you know
might still be living with your parents you might have no outgoings whatsoever no risk whatsoever
and in fact you're in a position where you probably can just quit your job outright and go
all in on your business if you do not have any outgoings if you do not have any financial
obligations if you do not have any dependents then your risk assessment is easy okay it's really not
an awful lot of risk so you might as well go ahead and just quit and go all in on the business if
you have the passion and the drive and a strong enough why to drive you forward so go through
risk assessment understand your current position understand who depends on you and understand the
figure that you need to earn in order to quit your job with minimal risk now if any of you
have any questions about your personal situation that i haven't covered today then drop a comment
below and i'll get back to all your questions and that is it from me subscribe for more cheers