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So you’ve decided to finally leave the 9 to 5 job and the last thing you want to do is to add more stress to your life. That is why you decided to build your own business in the first place right? You’re looking for freedom from your boss, coworkers, the limitations of a fixed salary or you just need flexibility for your family.
But there’s not getting away from the fact that chances are, you’re trading all that in for a different kind of stress so be sure you first build a solid foundation – and I don’t just mean business-wise.
Build a Financial Safety Net
Nothing stresses us out quite like worrying about money. Whether you’re concerned about bills or worse, you’re not sure how you’re going to make the rent; it’s very VERY easy to lose your business mojo. As a new business owner, you certainly don’t want money trouble casting a shadow over your entrepreneurial dream.
Before you turn in your resignation, set aside some cash in case of a rainy day and prepare for the day you leave. Ideally you should aim for at least three months of living expenses but more is definitely better. Hopefully you won’t need it but having some cash on hand will definitely relieve the pressure of having a new business that’s not earning its keep just yet!
Make Sure Your Family is on Board
Money troubles are bad enough, but there may be one thing that’s worse: an unsupportive or negative spouse. And as any entrepreneur will tell you, not everyone understands the drive to be a business owner. They don’t have to… maybe they don’t want to every work for themselves. Most people find it pretty scary to step away from that regular wage every month to chase after a dream.
If that sounds like your husband (or wife) don’t take it personally. They’re not making a statement about your ability.. they are probably really proud of you to their friends but more than likely, they’re just worried about what the future holds. Do your best to understand where they’re coming from, and be sure to clearly explain your ideas, why you are confident it will work, and how you’ve planned to cover the start up expenses and manage the risk.
If he or she is still not on board, consider starting slow, with a part-time business while still working your day job. That will give you the opportunity to prove your idea is workable, and might just help your spouse get as excited about it as you are!
Take Time for YOU
No matter what’s going on with your money, your spouse or your business, you need to be sure to schedule some “you” time. No one can work all the time, regardless of how driven you are so if you feel you need help ask for it! No one can stay healthy while maintaining a non stop schedule.
Whether that’s going for a walk, getting your nails done or just binge on your favorite brainless television show with a bottle of wine. The point is simply to take time away from your desk to rest, rejuvenate and invest where you need to. Without it, you’ll soon find yourself overwhelmed and stressed, even if you truly love your new business.