If you’re like many new coaches or entrepreneurs who start a business, you’re not only growing your business but also working at a 9 to 5 job.
At least I know I was!
My dream of being a full-time business owner who traveled the world and set her own schedule was always on my mind. I knew I wanted to kick my job to the curb! But my business was new. I was making a good living from my corporate career, which made it difficult to leave.
I was also attached to the image of being an employee at my company. I was nervous to think about who I would be without that job, benefits, holidays and bonuses that came with the position. I knew I wanted to be just as professional working in my business as I was in my job. I wanted to create a brand I could be proud of. Would I be able to pull it off?
Perhaps you need to stay in your job for now, but want to do as much as possible to create a thriving coaching career…as fast as possible!
If that sounds familiar, today’s post is for you!
This isn’t the time for you to sit on the sidelines and wonder what to do next. Keep reading to find out what you can do to take action and grow your coaching or solo professional business while working your day job.
Determine Your Financial Goals
Look at your finances and see how much money you need in order to quit your job. Consider what you need to start a business and your overall financial goals too. Think about how much you want to make so that you can travel, live in a certain area, hire team members or retire your spouse (like I did!).
List your monthly expenses, including your mortgage or car payments. If you have savings and are looking to quit your job now, how long will those funds last?
Another option is to scale back at your job. Consider working part-time, freelancing, or taking a less time-consuming position while you build your coaching business. You could also try and negotiate flexible hours. Maybe you could work from home instead of quitting your job.
Focus on Money-Making Activities
Whenever you have time to devote to growing your coaching business – commit and implement by focusing on money making activities. More importantly, don’t spend too much time on social media without a solid plan of action. We’re all guilty of wasting time on Facebook, so be strategic.
Learn how to use webinars to grow your coaching business. Once you’ve mastered those skills, host your first webinar. Remember to make building your list and booking more Discovery Calls your priority. Always ask yourself if what you’re currently working on is helping you get more clients and grow your biz.
Get Your Partner On Board
Is your husband or partner taking your business goals as seriously as you are?
If you want them to be as enthusiastic about you quitting your job to be a full-time coach, show them you’re serious. Tell him (or her) about the impact having a thriving business will have on his life, as well as yours. Does he desire to quit his job and spend more time with the kids, or on his hobbies? Does he desire to travel or live abroad?
Get your husband or partner excited about your vision. Share your plans with him and let him know how he can support you during your off hours. For example, can he watch the kids for an hour or two while you are doing Discovery Sessions?
Invest In Your Business
If you’re serious about quitting your job and being the next six-figure It Girl coach, you need to invest in your business. From getting business cards to buying software for webinars, email marketing, and other online marketing activities, to investing in business training. You need to spend money on your business.
Since you’re still at your job, you have a steady income that can help you invest in the necessities for your business. I invest in several resources for my business, and they have helped me succeed as a coach. One of which was enrolling in a high-end year-long program. This program helped me to develop the skills I needed to take my business to a high six-figure level.
Surround yourself with a support group of entrepreneurs who understand what you’re doing. Some coaches or business owners don’t know anyone who is building a business. I struggled to find people who ‘got’ what I was doing when I was starting out, and that were truly supportive of my dreams and business goals. But I made it a priority to seek out other women who had similar goals and aspirations as me.
Seek out fellow coaches or business owners, whether it’s online in Facebook groups or in person to connect with like-minded women. Seek out those that will form your support system as you transition from 9 to 5 to your full-time business.
I can’t tell you how important this is!
It’s so important that I factored this type of community and connection into my Business Mastery program; each of the women in the program receives a mastermind partner to work with to help them stay on track to achieve their goals.
Build Your Wealth Consciousness
One of the most invaluable things I’ve learned from my mentors is how important building a wealth mindset is for having a thriving business.
This isn’t optional.
If you want to quit your job, you need this important building block to make a great living.
Many of us who work at a job are limited on how much we think we can make because we are used to receiving a certain wage. When you work hard to improve how much you think you can make, you’re more likely to make that amount.
Make it a daily habit of reading books like Think and Grow Rich to expand your money mindset.
Find People Who Have Achieved Success
Just like you want to surround yourself with a strong support group of women entrepreneurs pursuing their business goals, you also want to connect with people who have already achieved the success you’re craving. Whether you find a mentor or mastermind group, it’s important to connect with successful women coaches and ask them how they overcame their struggles. Ask them how they achieved their goals. If you are struggling, ask them what they would do in your shoes.
One of the reasons I signed up to work with my mentor is so I can receive regular feedback and advice from him as I expand my business from high six-figures to seven figures and even eight figures. He has already achieved this and is the perfect person to help mentor and guide me to do the same.
If you’re still at your 9 to 5 job and want to escape, find someone who has done that and learn from them. This is a way to remind yourself that you can do this! Others have done it before you and now it’s your turn to blaze your own path.
Are You Willing To Do What It Takes?
Many people like the idea of becoming a business owner. But their ‘business’ is a hobby and never brings in enough revenue for them to pursue it full time. This may be tough love, but honestly, ask yourself if you’re willing to do the work and ‘course correct’ along the way.
Going from your 9 to 5 job to a booming coaching business isn’t going to happen overnight, at least in most cases. Unless you nurture your business and do the required work, it’s going to take time to reach your desired level of success.
You have to ask yourself the following questions. Are you:
- Willing to do the wealth consciousness work?
- Determined to complete the training necessary to growing your business?
- Okay with finding and hiring an assistant?
- Comfortable with finding clients and booking (and completing) Discovery Sessions?
If you can answer yes to those questions, then go for it! Hustling is a constant part of your business in its early stages. You’re starting from zero, just as I did. This is your time to make a name for yourself in a noisy world. Hustling means working on your off hours or on weekends. It means working instead of nap time and it definitely means the whole ‘Netflix and chill’ scenario goes right out the window.
But by hustling and ‘course correcting’, you will achieve success as a coach! Many people say they want to be successful but aren’t willing to do the necessary steps to get there – decide you WON’T be one of them.
Hire An Assistant As Soon As Possible
I hired a virtual assistant early into my coaching business, while I was still at my 9 to 5 job. Did I spend a lot on an assistant? Nope, I budgeted a whopping $100 per month, to begin with. With that small investment, I found someone to help me, while I was still working in the corporate world.
As soon as you can hire a VA, do it. Your business will grow faster, and you’ll essentially have someone working on tasks while you’re at work. Look on sites like Upwork, Freelancer, Gumtree or Craigslist. You can use them to find Virtual Assistants, designers, and other freelancers that can help you expand your coaching business while you work 9 to 5. Until you choose to quit, that is.
At Some Point – You Just Have To Walk Away
Seven months into balancing both my job and business, I finally quit my job to be a full-time coach. My only regret? That I didn’t do it sooner!
At some stage, you need to make the leap and leave. Yes, it will feel scary. Yes, it will feel crazy. Sooner or later you need to put your money where your mouth is and back yourself. If you do the steps above, NOW could be your time. What’s the worst thing that could happen? It doesn’t work out and you’ll need to get another job?
The best thing that could happen when you start a business is BEYOND your wildest dreams. I challenge you to start taking steps today to create a thriving business even if you’re still working full-time. From someone who knows what I know now- I’d risk a lot more for this type of reward! :)