If you’re like many new coaches & business owners, 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, and I knew I wanted to kick my job to the curb. But my business was new, and I was making a good living from my corporate career which made it difficult to just up and leave.
I was also very attached to the image of being an employee at my particular company…I was nervous to even think about who I would be without that job, benefits, holidays and bonuses that came along with the position. I knew I want to be just as professional working in my business as I was in my job and create a brand I could be really proud of…but would I be able to pull it off?
Perhaps you need to stay in your job for the time being, 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!
Let’s take a look at what you can do to grow your coaching or solo professional business while working in your day job.
Determine Your Financial Goals.
Look at your finances to see how much you need to make in order to quit your day job. Consider your overall financial goals too, such as 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!).
Make a list of monthly expenses and bills that need to be paid, including your mortgage or car payments.
If you have savings and are looking to quit your job now, how long will that last you?
Another option is to scale back at work and consider working part time, freelancing, or taking a less time consuming position while you build your coaching business. Also, you could try and negotiate flexible working conditions and potentially work from home instead of quitting your job.
Focus on money making activities.
Whenever you have time to devote to growing your coaching business, use it wisely!
Focus on money making activities and don’t spend too much time on Social Media without a solid plan of action (we all can waste time on Facebook, so be strategic!).
Learn how to use webinars to grow your coaching business and 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/partner taking your business goals as seriously as you are? If you’re wanting 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 excited about your vision. Let him know how he can support you in 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 It Girl coach making 6 figures this year, you need to invest in your business. From getting business cards to buying software ( for webinars, email marketing, etc) and even investing in business training, you’re going to have to spend money on your business.
Since you’re still in your day job, you have a stream of income coming in that can help you buy necessities for your business here and there. I invest in several resources for my business, and they truly have helped me succeed as a coach. One of which was enrolling in a high-end year-long program, which helped me develop the skills to take my business to high six figures.
Surround yourself with a support group of entrepreneurs that understand what you’re doing.
Some coaches or business owners don’t know of anyone else who is building a business. I struggled myself in finding 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.
Whether you find fellow coaches or business owners to be online (in Facebook groups and such) or in person, connect with like-minded women that will form your support system as you transition from your 9 to 5 to your full-time business.
I can’t even begin to tell you how important this is! It’s so important that I factored this type of community and connection into Business Mastery; each of the women in the program receive 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 coach is just how important building a wealth mindset is for having a thriving business.
Friend, this really isn’t optional. If you want to quit your day job, you need this important building block for making a great living.
Many of us who work in a day job have a limit on how much we think we can make because we are used to getting paid 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 like you, you also want to connect with people who have already achieved the success you’re craving.
Whether you find a mentor or mastermind group, connect with successful women coaches and ask them how they overcame their struggles, and 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 get regular feedback and advice from him as I expand my business from high six figures to 7 figures and 8 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 in your 9 to 5 and want to break free, find someone who has done just that and learn from them.
Are you willing to do what it takes?
Many people like the idea of becoming a business owner, but their business remains 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.
Because let’s face it, going from your 9 to 5 to a booming coaching business isn’t going to happen overnight ( at least in most cases) unless you nurture it and do the required work.
Are you willing to do the wealth consciousness work?
The training necessary to growing your business?
Finding and hiring an assistant?
Finding clients and booking (plus doing) Discovery Sessions?
Hustling is a constant part of your business in its early stages. You’re starting from zero, just as I did. And you’re trying to make a name for yourself in a noisy world.
Hustling means working on your off hours or on weekends. During nap time. And maybe even when you’d prefer to go to bed early or fool around on Social Media
But by hustle and ‘course correcting’, you will achieve success as a coach! Many people say they want to be successful but aren’t actually 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, and found someone to help me here and there, 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 to find Virtual Assistants, designers, and other freelancers that can help you expand your coaching business while you continue your job. Until you choose to quit, that is.
At some point, you just have to walk away.
7 months into working my day job and business I finally quit my job to be a full-time coach. My only regret…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 but sooner or later you need to put your money where your mouth is and back yourself.
If you have done the steps above NOW could be your time. And honestly, what’s the worst thing that could happen? It doesn’t work out and you get another job?
The best thing that could happen is BEYOND your wildest dreams, from someone who knows what I know now- I’d risk a lot more for this type of reward :)
What tips do you have for starting a business while working in a job? Leave a comment below and let me know :)
PS If you liked this post you will love my book Leaping from the Ladder, How to Go From Corporate Career Girl to Coaching It Girl. Find out more about the book here.