How to quit your job and become an entrepreneur? O-M-G, have you been at your desk daydreaming
of not working where you work? You have big ideas that you want to get off and you want
to just do your own thing and be an entrepreneur. Because it is for you also. So, I'm going
to tell you exactly how to do it step by step. Let's go. First thing I'm going to tell you
is how to go from working person to successful entrepreneur. The second thing that I'm going
to share with you is some quick and easy steps to follow. Almost anyone can do it. Again,
I have students at all different levels doing this type of thing. And last but not least,
I'm going to share with you the biggest secret that I learned in my process in going from
corporate flunky to successful real estate entrepreneur millionaire. Okay. So, the first
thing that you want to do is not quit your job. [Laughs] So, step number 1 is do not
quit your job. Keep working your job and we're going to work on a plan for you to start your
business while working. So, if you still have a job and you are employed and you are gainfully
employed, you haven't been laid off for fair load or fired, then keep working that job.
Because we can start being a great entrepreneur with the job. Now again, you're not going
to keep that job forever. This is a plan of course to quit your job and become an entrepreneur.
But most successful entrepreneurs actually did work for someone else. And most of us
dig it at start working for someone else as an employee. Because being an employee teaches
you so much about what you're going to do with your business. And the people that I
actually find that are the most successful entrepreneur were really good employees, okay?
You have a great work ethic, you're the person that shows up. You're the person that people
can count on. You responds to your emails, you answer your phone, you get your job done.
Those things, just a person that does what they're supposed to do at work is already
set up to be a great entrepreneur. There's only just a few things that we need to tweak.
But it's going to start about being a good worker, being a good employee. Being someone
with a work ethic. So do not just go on to this and say "Yes, I want to be entrepreneur
and I don't want to work for other people. Working for other people sucks. And I'm just
going to be a successful entrepreneur." Now, yes, there's tons of people that never work
for anyone. But again, not me. I'm only telling you what I did and what my students almost
all of them had a job or have a a job, okay? And the ones that are successful, we start
with the plan while we're working. We do not just crap on our jobs. We don't just stop
going to work and call out. We literally actually become really efficient employees. We start
to look at our job better. What we can do better? How we can have a great work ethic?
We start doing the best that we can as a person. Because what you do and how you do things
is how you do things. So, if you're crappy employee that shows up to work late or calls
out sick all the time. Or you're a negative person at the job, you're probably going to
suck as an entrepreneur. I'm just real with you. I'm just being telling you the truth.
You're probably going to suck. So, do not think that if you're this crappy employee,
you're going to be this great entrepreneur. It really is going to start with you and how
you do your work. So, start taking that seriously. Making a plan and saying, "Okay, I'm going
to be a successful entrepreneur and be a successful employee." Don't be a crappy employee. Go
to work, do what you're supposed to do and start doing that across the board and everything
you do. So, that's step one. Really easy, don't be crappy. Let's go to the next thing.
The next thing that you want to do is create a plan. And this is actually really easy because
what you're going to do now, now that you have decided, "Okay, I'm not going to quit
my job on the spot. But I am quitting. I'm not going to be a crappy employee, I'm just
going to work and then quit my job." The next thing you need of course is a plan. What type
of business are you starting? How are you going to be doing your business? And last
but not least... And this is... Sorry, this is the most important thing, is how much money
do you need as a bare minimum in your business in order to quit that job? Is it $2,000 per
month? Is it $3,000 per month? And the key to this is once you start making that money,
you should quit. And not after you made it for year or 2 years. I know there's people
out there that would say, "Save up 6 months and..." And of course, I don't talk negatively
about anyone. But I'm going to tell you the truth because I did that. I literally had
a job and I was making really good money. But I was also making really good money on
my side business. You know, I have figured out. It took me a few years because I wouldn't
let go of my job. And when I look back, it was the job that was holding me back so much.
Now that I am a fully entrepreneur, I can tell you, the most important thing that you
need for your business is you. You need to give it you. You need to give it all of you.
All of your time, all of your energy, all of your effort, all of your thoughts. YOU.
Give your business you. And if you do not make a plan to quit your job, then you're
never going to give your business all of you. So, the quickest and the easiest thing that
you need to do and write down in your plan is look at your expenses and find out bare
minimum that you need, okay? The bare minimum that your business needs to make for you to
quit your job. And in many cases is usually just a few thousand dollars. I know people
tell me, "I want to make $10,000 a month. I want to make a million dollars. I want to
make $50,000 a month." That's actually a very popular number now. I'm not sure where that's
coming from. But it is a ton people and their number is $50,000 per month which is actually
$600,000 per year. And I can honestly tell you it actually took me a couple of years
to make $600,000 a year in my business. And I definitely did not need $600,000 a year
in order to quit my job. Or to be super comfortable, okay? It's really not that much money that
you usually need. I know we have these grand ideas. And we see Warren Buffet and all these
rich people. But to be happy and free and have a lot of money, it's usually not $50,000
a month. It's probably to be super comfortable is usually about $20,000. Now again, I do
make way more than that now. But you do not want to compare yourself to someone that has
been entrepreneur for many years that is running a successful business that has employees and
just like start comparing yourself to these people that are way ahead of you. Stay where
you are and create your plan for you. And your plan for you should be the bare minimum
that you need to quit your job. And that's it. And I'm about to give you a secret. Okay.
So, now that we're talking about you're not quitting your job, you're going to be working.
You have your plan. So, the next thing in your plan that you must include. And this
is a secret sauce. This is how I have students doing this way faster than I did. This is
actually not what I did to quit. I wish I would've known this. This is what my students
do now where many of them quit in a few months. What you do is you build your business credit.
Yous start while you're working using your job, using those pays stubs. Using that you
have income. Things like that to start building your business' credit and getting lines credit
in your business' name. Getting credit cards in your business' name. Getting loans in your
business' name. Not necessarily that you're going to go out and just start spending that
money. But you have that as resorts. And I tell you, it makes quitting so much easier.
It makes the transition a lot better. And 2, it's going to make your business a lot
more successful. Because a well-funded business, a business that has some resorts is 3 times
as likely to be in business 5 years than one that does not. And we already know that most
people's businesses, they fail. They do not educate themselves. They do not watch the
videos like this. They do not subscribe to channels like Noelle's and get all the information
that they should get. They don't listen to other successful people that have already
made mistakes. You know, they just go and do things. And you're different. You already
doing something different. So, I'm imploring you guys to start working on your business
credit. And I have students that literally within a few months have $100,000 in a line
of credit. I a business loan, in credit cards. Okay? And they used that money as a safety
net. That's it. I'm not saying that you go out and you just start spending all of that
money all crazy. But I am pretty sure I could get 99% of you guys to quit your jobs if you
have a $100,000 line of credit in your business' name that you knew that you could tap into.
Am I right? The next thing that you want to do now that you have your plan, you're working
on your business credit, is you want to start a timeline. You need to set a very firm timeline.
When are you quitting? Is it a year from now? Is it 6 months from now? Is it 18 months from
now? What is your timeline? And then once you have your timeline, like, "I am quitting
in 6 months", it doesn't stop there. Then you need to break it down. So, let's just
do a quick example. So, if you're quitting in 6 months, what are you doing next month?
What are you doing in month 2, month 3, month 4, month 5 and then on month 6 when you're
quitting? And that's all you do. You basically take the timeline that you have. Whether it
be 3 months, 6 months, 9 months, 12 months. Whatever your timeline is. You create it because
it is your timeline. And then you break it up into smaller bites. So, if you say, "I'm
quitting in 6 months", month 1, what do you need to get done? Month 2, what do you need
to get done? Month 3... So that by month 6, you have all of those things in place and
you're on track. Another thing by writing out this timeline is you can go back to when
and look at it. This is why we make a plan. This is why we make a business plan. And I
am telling you, when you write it down and you look back at it and you reviewing it.
Like, it becomes real to you. You are programming your self to do this things. You're programming
yourself to quit. And that is why you do it. And it's super easy. And then here we go.
Last but not least, you quit. You quit your job. You literally quit the job. When you
say you're quitting in 6 months or 12 months, quit. If you need to revisit your plan like
say for example you said you're going to quit in month 6. And at month 5, there's a couple
of things off, do not just abandon the plan. If you need 1 extra month, only add one extra
month. Do not start the whole plan over because that's fear. Do not let fear, do not let ignorant
people, do not let they naysayers, do not let those people stop you. Once you own your
timing, you quit your job. And I'm sorry. If this is what you want to do, I'm a big
advocate. I've worked for some great people. Some of my best mentors, one of my best mentors,
he was the CEO of major mortgage company. And I had to quit. I had to call him and say,
"You know what? I quit." And it was hard for me. And he was so inspirational. He helped
me with so many things. But I had to do it. I had to be who I wanted to be. And I had
to work as hard in my business as I was working in his business. And once you do that, I promise
you, success is not far away. Once you take all that you've been given to that job, the
time, the energy... You wake up in the morning... Still wake up at 6 or 7 in the morning like
you're going to drive to the job and commit that same time, energy, effort that you do
now... I know when I work. I literally would be at night sleeping thinking about different
things at my job. Different reports, different files. Nothing changes. Once you become self-employed
and you're entrepreneur and you have your own business, you will then dream about your
business. And that's fun. So, go ahead and make sure that you are getting yourself educated.
Please watch all of the videos on my channel. I have pretty much put out a free course right
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