It’s been a year since
l lost my job my job lost me and I had to push myself to pursue my own dreams. However, it’s not easy in these entrepreneur streets. A young woman sent me a message saying “Hi Candice I’m inspired by your journey of being debt free and now working full-time for yourself. I’m considering leaving my job and working for myself do you have any advice?” Why yes I do, this post is for everyone who is in a hurry to leave their 9-to-5 job and considering being a full-time entrepreneur.
You have a 401k Plan Always by your Side
Most employers offer some sort of retirement plan and may even offer you a company match, which is basically free money. When I worked at my 2nd corporate job, I made sure to sign up for their 401k program ASAP. I believe the company matched 3%, but don’t quote me because it’s been awhile.
The company matched 3% and I contributed 9% of my salary towards my 401k. I made sure to sign up early on so I could get used to living without the 9%. Signing up for my 401k program early was a huge factor into what allowed me to have a positive net worth after becoming debt free. Don’t get me wrong there are retirement options if you’re an entrepreneur but this post is for the 9-5ers. So if you haven’t signed up for your company’s 401k program, do it. Like yesterday.
Side note don’t forget to sign up for my free 5 day get your money back on track course here
You get a consistent paycheck. I’m seriously not sure why this wasn’t #1 because honey, I miss having that guaranteed money every two weeks. You could freely plan for your savings, your vacations, and your brunch money because you knew for sure that money was coming whether you worked hard or not. As an entrepreneur, you may reach your monthly income goals, or you may not. Someone may say they’re going to pay you and then fall through, yet your monthly expenses and bills still stay the same.
Use your 9-5 money wisely and if you want to create a business along with it, you have extra money. Now not only are you able to reach your goals faster, but you’re also learning from your current 9-5 job about what it takes to run a successful business. As much as you may hate your current job they have their systems and coins in order, make sure you’re taking notes.
Food is Free Yes!
You have access to free food, snacks, and coffee. Okay so maybe this isn’t true for everyone but man, God blessed me with corporate jobs where there was free food available all the time. Which was good for me, but not so good on my waistline. Now when I work from home I have to buy my own snacks and my own food. Don’t take this for granted. Matter of fact, take a shot of espresso for me.
Get Paid to have Fun
You have paid vacation time. You get to actually leave work and get paid to go out have fun and live your life. As an early entrepreneur, I’m not at a point in my business where I have a staff and can afford to take off weeks of time without working. Wait, did I just blame it on not having a staff and not on being able to roll in dough just yet? Well, both are true.
As an entrepreneur, I can work anywhere that has Wi-Fi, but now my travel, life, and work just seem to blend together. Whether I’m in Boston, or out in Florida, I will have to work. I do admit its work that I actually enjoy doing so that is a plus.
You have benefits like health and dental care options. I know that health and dental care are available if you’re an entrepreneur as well, but it can be tricky and more expensive, at least if you’re just starting out. Once you grow your business and make more money, I guess you won’t mind paying for more benefits. But if you are like, I hate my job, I hate Suzzy because one minute she says hello to me and then the next day she ignores me, my Boss hasn’t given me a raise in two years and I’m just going to quit my job and start my own business, not so fast! Think about how blessed you are to have all the benefits I listed above.
Being an entrepreneur isn’t all glitz and glam. There is a lot of hard work and hours of time that goes into it, as well as doubts. Like, can I actually run a profitable business? Is this a smart decision? Am I missing out on valuable time where I could be making a consistent income and using that money to grow my investments faster? If you are thinking about starting your own business start it while you have a 9-5. That’s right, nights and weekends can take you very far. Make sure that you’ve mapped out your income streams before taking the big leap like Steve Harvey likes to say “your parachute does work,” but, just make sure you’re prepared.
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