Figure out how much money you need to get your business off the ground
As a career coach, I often have a client come to me with a great idea for a business that they can run from the comfort of their own home. Maybe it’s an interior design business, a tutoring business, or a catering business. My first question: “How much money are you planning to spend on this venture?” Do you need a website, business cards, a dedicated home office? Might you need to go back to school? Figure out what you’re prepared to invest in your dream job in order to make the money you want to earn. Have a budget and financial plan; don’t just close your eyes and hope.
Find a transition job to make money while you’re ramping up
After you quit your day job, you’ll need a steady income while you’re figuring out how to start your own business. My clients will take simple jobs where they can clock in, clock out, and collect a pay check. The most popular roles are waitstaff or bartenders.
Get your partner on board
I’ve noticed a common link with people who have made significant life transitions to pursue their dreams; they all have a person in their life who says, “Honey, go for it. You’re good at this, and you can do this,” and then helps that person tackle obstacles along the way. Whether it’s someone with a deep passion for yoga who wants to teach at a high level, a singer who wants to start her own band, or a 9-to-5-er who wants to be a voice over actor, a key to their success was having a supportive partner who encouraged them to go for it.