The Connection Algorithm by Jesse Tevelow
Author:Jesse Tevelow
Language: eng
Format: epub
Publisher: Joosr Ltd
Plan ahead before quitting your job
You’ve begun harnessing the right mindset, and have taken steps toward finding and following your passions. At some point, you will want to leave your job to start pursuing these full time. So how can you go about making this a realistic possibility?
To quit your job, you need a plan in place. Without this plan, you will be inviting failure into your life—and while you are now prepared for this, you should obviously try to avoid it where possible. Here you should follow the formula that countless successful start-ups thrive on: Aggressive Deadline + Extreme Focus = Ultra Productivity. Your aggressive deadline is the date you have set yourself for quitting your job. You will need to demonstrate extreme focus and high levels of productivity up to this point, so that when the time comes, you are ready to quit.
You need a decent amount of money saved before you quit. Start by managing your expenses carefully; get help if you need it. Create a budget, and stick to it; cut back on nonessentials, and try to make savings where possible. Think realistically about how much money you would feel comfortable living on, and how much you need to put toward your business once you quit your job. Then make a plan that allows you to save this amount before your deadline. Perhaps think about going into partnership with someone else—this will halve the amount you need to save, and means you can get started more quickly.
You can also raise money for your business through crowdfunding platforms like Indiegogo, Kickstarter, Razoo, and Crowdfunder. These sites allow you to ask for various amounts of money from the general public in support of your proposed offering. Investors will be looking for someone with a compelling story, and a high-performing minimum viable product (the bare bones version of what you’re trying to sell). Your investors will provide you with the funds necessary to fully realize your project or improve upon your product, and they will become your first and most-loyal customers, with a personal interest in you being a success.
Put a plan in place to quit your job. You know what you want to do, so now you must work to make this a reality. Get the funds to back your venture, and there will be nothing stopping you from turning your passions into profit as you create a business that thrives, all on your own terms.
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