Human Resource Career


eg: UK or Brides UK or Classical Art or Buy Music or Spirituality

Business & Money

Technology

Women

Health

Education

Family

Travel

Cars

Entertainment

How To Quit Your Job

View:

There are a number of things to take into consideration before quiting your job. Quitting your job requires a plan of where you want to be. The first step in quitting your job is to put your mind into thinking through the process backwards. Anyone successful at doing this knows, that you first need to know where you are going. So to start, start at the end.

As an exercise you can sit down with a pen and paper, and lock yourself in a quite place where you are relaxed, and won't be disturbed. I recommend grabbing your favorite beverage. Get focused, and then think what do I want. If that is I want to make $10,000 a month, and have 5 hours of free time with my family, write it down. One of things you need to put down, is that your residual income will exceed your take home income at your current job. Then take each are you wrote down, and drill it down into simpler steps. The process of breaking something down into smaller steps, is called Analysis. Anyone successful at doing this, already has done an analysis on some level. Now, break the steps down to something you can do everyday to reach your goal. What you have just created is a map. Very important in knowing where you are going.

The next step is critical, it is called action. Make yourself put the smaller steps into action. This is the key. Go pick up the phone, make a call, email or whatever the smaller steps are, and do it without thought or hesitation. The more you can get in the habit of doing this, the more it will happen in an automatic fashion.

Another important action item, is to take some time each day to begin thinking and place yourself in a state of feeling what it is like to already have achieved leaving your job. What does it feel like to have more time? To be around your family? To not be rushed in the morning? This part of the exercise is important because what we think, and more importantly what we feel, becomes the creation of our own reality.

No matter how big a tree is, if you take a swing at it everyday, it will eventually fall. I recommend taking a few swings a day at each of your end goals. By doing this, you will have ensured your success. In no time at all, you will have quit your job, and achieved all your other goals, using this simple, but effective methodology.

How To Quit Your Job

The mere idea of spending your life without a regular paycheck coming in on the seventh of the month in enough to make anybody break out in the cold sweat. However, here are some tips you need to avoid the self-employment trap, think like a business, and create multiple passive revenue streams, when you finally decide to take the plunge and quit your job.

Avoid the Self-Employment Trap

If you quit your job and hang up your own shingle, you might work harder for less money. You may enjoy working from home or choosing your own clients, but you might end up living from client to client without building any real wealth.

Many self-employed people I know suffer from feast or famine. They spend lots of time and money marketing their services and get lots of clients. Then they get busy doing the work and stop marketing; so, the prospective client pool dwindles away slowly into nothingness in a couple of years.

If you set up your business so that you do everything - marketing, sales, bookkeeping, operations, and fulfillment, then you are limiting your success potential from day one. You will spend lots of time on non-income generating activities and may get frustrated and burned-out in a short time.

The real key to successfully creating wealth outside of a job is to avoid the mistake of trading one boss for another boss. You need to stop trading your time for dollars. Stop thinking like a wage slave. Look beyond earned income.

Think Like a Business

There are many problems with earned income. The biggest one is that you are trading your time for money. If you stop trading your time, the dollars stop coming. This is a huge problem if you decide to have a baby, get sick, want to take an extended vacation, or are ready to retire.

The IRS penalizes self-employed people who operate as a sole proprietorship with a hefty self-employment tax. How can you avoid this? Well, I am not an accountant or CPA, so I am not giving legal or accounting advice, but I have learned to think like a business. Before you quit your job, interview local tax advisors to educate yourself on different business entities and tax strategies. Start thinking big.

Build a Company with Multiple Passive Income Streams

You need to build a company that works for you. My best advice on how to quit your job is to build a business that offers multiple streams of passive income in addition to your earned income. There are so many exciting ways to design your income portfolio. It requires imagination, courage and planning.

Structure your business so that your daily activities are fun and challenging. Identify the things that you do not enjoy or are not good at and find other people to do these activities ? outside partners, independent contractors, or employees.

How to Quit Your Job

My advice for how to quit your job is to avoid thinking that you have to do everything yourself to make your new enterprise run. Think big! Set up systems and structures that work for you so you do not have to work so hard. Incorporate and make the tax system work for you. Design your work around multiple passive income streams to support your active work.

And, finally, have fun!

Please check out these web sites for more free information and more knowledge about small businesses and accounting, free of charge!

Related Articles
Author
Most Popular

•	How To Find Your Dream Job, by Tony Jacowski
•	How To Lose Your Job, by Rick Hillard Jr.
•	How To Lose Your Job As A Tv Interviewer, by Melissa Brewer
•	How To Quit A Job, by Christoph Puetz
•	How To Quit My Job, by Alissa Carter

About Author

Both Brad Mitchell & Anjna Sharma are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Brad Mitchell has sinced written about articles on various topics from Careers and Job Hunting. . Brad Mitchell's top article generates over 6600 views. to your Favourites.

Anjna Sharma has sinced written about articles on various topics from Finances, Investments and Adsense. . Anjna Sharma's top article generates over 18100 views. to your Favourites.

Cad Software For Windows
Easy to learn. progeCAD professional includes their proprietary Express-Tools pack Free technical support in Australia, Europe, Worldwide by progeSOFT and CADDIT.