- I get approached by aspiring entrepreneurs all the time.
They're like, I wanna do a start-up,
I wanna start a business, but
I've got a full-time job and I can't quit yet, what do I do?
I've been there.
Before I started my company, ToutApp,
and then went on to raise Metro Capital
and then sell the company to a market leader,
I was in a job and I couldn't quite quit yet.
And I spent nearly a year and half
preparing for quitting my job
and moving on to the next thing
and finally starting my business.
I'm gonna walk you through those three steps today
on this episode.
Intro!
(upbeat music)
What's up, everybody?
Welcome to another Unstoppable Sunday.
I'm TK, author of the book, How to Punch the Sunday Jitters
In The Face, entrepreneur and angel investor.
If you are new to this channel, welcome.
I do a video every Sunday
so be sure to hit the subscribe button
and the bell icon, because I'll bring you a video
every Sunday on how to become unstoppable
in your life and your business.
If you've got a full-time job
but you've got dreams of becoming an entrepreneur
and of finally starting that business,
but you can't quit yet,
you can't quit your job cold turkey,
I've got the three steps you need to follow.
By the end of this video,
you'll have the three steps that I followed
to make sure you can start preparing to start your business
and actually get things in line
so that by the time you quit,
you have standing chance of having a successful business.
So, I'm gonna jump right into it and not waste anymore time.
Step number one, you need to actually figure out
and get clarity on why you want to start a business.
So often, people just say they want to be an entrepreneur,
they want to do the hustle
and they want to be the start up CEO.
Entrepreneurship is all the rage today
and that's changed over time.
It wasn't the most desirable thing because
so much risk was involved.
But, the one thing that hasn't changed with entrepreneurship
it is requires a hell of a lot of work.
And so, I always say, as step number one,
before you quit your job, before you start a business,
figure out who want to be five years from now.
Why do you want to start a company?
Who do you want to serve?
Why do you want to go into entrepreneurship
versus going into working as a smaller company
and maybe being an early employee?
These are the things that you've got to ask yourself
and figure out and give conviction around.
Because once you have that,
figuring out the steps to actually quitting your job
and starting a company
will become that much easier
because you'll have clarity in your thinking
on why this is a must for you,
why you have to become an entrepreneur,
why this is your life's path.
So, that's step number one.
Get very clear on why you want to pursue entrepreneurship.
Where do you want to be five years from now
and what does that look like for you?
If you're wondering, well, how do I even start to do that,
well, good thing I wrote a book on it.
Be sure to check out my book,
How To Punch The Sunday Jitters In The Face.
It's on Amazon, link below.
I ask you a specific set of questions
that helps you create a five year plan for yourself,
that gives you clarity into why
you want to go into entrepreneurship,
or something else.
Step number two,
commit to starting that business by allocating the hours.
Let me explain.
There are 24 hours in a day,
each box over here represent an hour in a day,
so that's 24 hours.
I put an S into the boxes where you're sleeping,
so you have eight hours of sleeping.
I put another eight hours for working,
for your full time job.
Average full time job eight hours, boom, done.
I put another two hours for family time.
That's like whether it's spending time with family
eating dinner, chores, whatever it is.
And after all of that, you're still left
with another six that is commonly mis-accounted for.
Do you know where those six hours goes?
For most people, those six hours are going to Netflix.
For others it's going to happy hour and hanging out
and going on dates and hanging out with friends.
Now, look, if you want to actually quit your job
instead of just talking about becoming an entrepreneur,
if you actually want to go down the path
of creating a business,
and creating a structure and an entity
that creates unlimited wealth for you,
well, you're going to have to commit right now
and carve out the time.
If you can't get disciplined about carving out the time now,
you will not get disciplined
when actually are an entrepreneur
and you're looking to make your business succeed.
When I was in my full-time job,
and I started to work on the idea of my start up,
the business that I wanted to go after,
figuring out why I actually want to start a company,
and learning as much as possible
about how to start companies,
I followed a very, very specific schedule.
And that specific schedule meant I woke up
every single day at 6 a.m., and from 6 a.m. to 8:30 a.m.
I worked on my business.
At 8:30 a.m. I drove to work
and from 9 a.m. to 6 p.m., I stayed at work
and did my full-time job.
I came back from my full-time job
and then from 7 p.m. to 10 p.m.,
I worked on my business again.
And then I went to sleep and I woke up the next morning
and I did that again.
You can go back and check the calendar,
you can go ask my ex-wife about it,
you can do whatever you want to vet this,
but that is literally the schedule I followed
to make sure that I could start my business.
Now, I'm not saying you do that.
There are things that worked out incredibly well for me
by doing that and there are things
that didn't work out as well.
If you can't figure out how to get two hours
out of the day, two hours on a weekday,
not ever a weekend, to commit
to actually building your business,
I hate to break it you,
you're probably not cut out for entrepreneurship.
Just, I'm not gonna lie about it.
So, step number two is carve out the time.
Now, let me pause over here.
I kind of beat you up.
I pumped you up, entrepreneurship, go.
And then I said, look, you may not be cut out for it
because you're not willing to commit.
So, let me just pause over here.
Entrepreneurship is the most rewarding thing
I've ever done in my life.
It has transformed my life, my relationships,
my friendships, everything.
It has been incredible.
The amount of things that I've learned,
it's just freakin' awesome.
And I highly recommend it.
And I just don't like to lie to you about it.
I don't like to lie about what it takes
and the costs that are there.
So, I like to be up front,
like, look, it's a lot of hard work,
but there's a lot of up side.
So, if at this very moment,
before I go to step three,
if at this very moment,
you're kind of still like
hell, yeah, I wanna go start that business,
I want to do that start up,
I'm willing to commit and maybe I'll do a better job
at it than TK did in managing his time,
and his relationships and everything,
and if you're there,
if you still want to be an entrepreneur,
even after I just kind of beat you up a little bit,
can I just get a yes in the comments,
just put a, "Yes, I still want to go after entrepreneurship,
"and I'm gonna figure out how to get there."
Or maybe you're in the path of entrepreneurship already,
let me just hear a yes.
Because I'm a big believer in entrepreneurship
but I also like to be up front about how much work it takes.
So, I covered step one,
get clarity on why you want to be an entrepreneur
and figure all that stuff out in your life.
Step number two, carve out time in your day.
Do an audit of the 24 hours you're given every day
and figure out where that time is going.
Which brings me to step number three,
which is actually start to build your business.
Now, look, there are certain limitations
when you have a full time job.
You may have conflicts of interest,
you may have stipulations in your employee agreement
like I'm not giving you advice on any of that,
talk to a lawyer, make sure this is all safe,
but if you work on your personal computer
and it's not a conflict of interest
in your core job,
then you can start working on at least
building your business,
if not learning about which business to build.
Once I committed the time,
that's what I spent my time on.
I spent my time on reading tons of books
about how to build start ups,
about marketing, about sales.
I have an entire library right over there
and over there
of all the books that I read
when I was building out ToutApp,
even before I even started it.
There is so much knowledge out there,
so even if you don't know what your business is going to be
start boning up on the knowledge.
Spend those hours to actually bone up
on the knowledge on how to make a great company.
How does sales work, how does marketing work,
how does recruiting work?
There's a whole set of things to learn.
And if you get good at those things,
those will all come into play
when you finally quit your job
and start building that business.
Now, probably the most important thing to do
as you start to hone in on what your idea is
and who you want to serve,
even before you quit your job,
don't quit your job until you do this one more thing.
And that's building an audience.
Now, this is a whole separate topic
that I cover in a different video.
I'm gonna link to it below,
or you can follow it here.
As part of step three,
once you start boning up on all that knowledge,
start to build an audience
of who you want to serve.
At the end of the day,
we create products and services to serve
a certain group of people.
And we start businesses to do that
in a formal way.
So, before you quit your job,
start building that audience
to actually go after that market
and understand what your business is going to be about.
There are three specific steps to follow for that.
I'm not gonna cover that in that video
because I've done it before,
so follow the link below on the three steps
to follow to actually start your business
once you have gotten clarity,
carved out the time and started to do research
on how to build that business.
So, just to recap,
step number one, get clarity
on why you want to do entrepreneurship.
Step number two, carve out and commit hours in your day
to actually work on building that business.
And step number three, bone up your knowledge
on what kind of business you want to build,
how to build businesses and get clarity
into the type of business you want to build.
More on step number three,
there's a whole lot more knowledge
follow the link below on the video.
If you found this video helpful,
and if you are continuing on the path
of entrepreneurship,
and to become the best version of yourself,
you want to excel at your life,
please like this video.
I do a video like this every Sunday
and so, along with liking the video,
please share it with a friend
who's also considering entrepreneurship
and please, also hit the subscribe button
so every week when I publish a video
you get notified and you can learn
how to become unstoppable in your life
and in our business.
And remember, most importantly,
everyone needs a strategy in their life.
Yours is gonna be unstoppable.
I'll see you next Sunday.
(upbeat music)