This document provides advice for leaving a job and becoming self-employed by starting your own business. It recommends having at least 6 months of savings, preparing a home office workspace, creating a checklist of business essentials like tools and advertising budget, prioritizing efforts using the 80/20 rule, and regularly updating financial and client records. The overall message is that with proper planning but also confidence in oneself, it is possible to quit a job and become your own boss by starting a business.
Back on Track: Navigating the Return to Work after Parental Leave
VEOMA ALI on How to wave goodbye to your boss
1. How To Wave
Goodbye to Your
Boss…
…and say HELLO to your
life on your own terms!!!
2. WHY LEAVE?
• Are you unhappy • Are you self-
at work? motivated?
• Have you been • Are you very
made empty confident?
promises? • Are you really
• Are you making skilled at
way below what something?
you think you’re • Do you LOVE that
worth? ‘something’?
• Do you distrust • Can you see
your boss(es)? yourself
3. MONEY
• If you have at least 6 months’ savings,
chances are, you can afford to take
the leap of faith
• Don’t count on cashing in too quickly
on shares, premiums and the like, as
red tape is either really thick, or
scissors are really dull!
• If you don’t have dependents, your
leap is easier
• If you do have dependents, think at
4. SPACE and CONVENIENCE
• If you currently have a secretary,
be prepared to do without one for
a while (unless you have loads of
cash)
• Ensure that you acquaint yourself
with some organisational skills –
use a calendar, at least!
• Prepare a work station. This can be
a room or part of a room with a
desk, stationery,
foghorn…whatever you need to
5. • CHECKLIST for YOUR
MAKE A LIST & CHECK it
THRICE!
BUSINESS
TOOLS - Client list (contacts who
CAR MAINTENANCE will most likely buy your
HOURLY RATE product)
INTERNET
ADVERTISING &
- Advertising budget. Even if
PROMOTION you advertise on
CLOTHES/UNIFORM Facebook, set aside some
LOGO
money to promote your
STATIONERY
ASSISTANT
business weekly
WEBSITE - A name and tagline. Be
CELL PHONE creative!
COMPUTER REPAIRS
CLIENT GIFTS - Cost of operations. No one
is saying to do an MBA
thesis, but identify your
6. WORK SMARTER than
HARDER!
• Remember the 80-20 rule: 80
percent of your results should
come from 20 percent of your
efforts!
• Prioritize: can the printing of
bumper stickers wait? Don’t become
over-excited and spend too much
too soon.
• Do what you love. You didn’t quit
your job to become frustrated.
7. UPDATE YOUR LISTS
• Each month, you should:
Update your client
list
Update your
income/revenue
Update your
expenditure
Update your savings
Update your goals
Update the status of
your project(s)
8. MAKE A START!
If you want to quit your job, you can
do it today!
Have a plan…but if you don’t have a
plan, have faith IN YOURSELF!!!
(After all, you’ll be your new boss!)
GOOD LUCK! BUENA SUERTE!
BON CHANCE!