Have you ever considered getting a job and doing this on the side?
This has to be one of the most common asked questions since starting my business. Nearly two years ago I was just starting my personal training course and finished my contract at a well-paying job. The only thing I was certain of was that I did not want to return back to that job the following year, so when I was asked if I was returning I was quick to shut down the offer. Many people thought I was crazy for not returning to a great job and not just trying to build my business on the side, but I was confident that I was making the right decision.
Everyone is going to have a different scenario they are dealing with and it may not be sustainable for you to basically quit your job and try and build a personal training business with no back-up plan. In this blog, I want to share with you what lead me to my final decision and why I decided to do personal training full-time rather than a side hustle.
I needed to create urgency for myself
I knew if I didn't have a sense of urgency I wouldn’t put a 100% into my business. To create this sense of urgency for myself I decided the steady cash flow needed to be cut out. This certainly created urgency and pushed me to work hard and concentrate on building my own business rather than just putting in 25% and giving the other 75% to a full time job I didn't enjoy.
I wanted to give clients my best attitude
Can you imagine working with a personal trainer that is miserable and pessimistic? Me neither! I realized my job was completely taking over my life and making me unbearable to be around. Maybe if I had enjoyed my job I would’ve tried to manage both but I am happy I didn't because it led me to where I am today!
I was ready to jump
Ever since I was young I wanted to be a business owner, the only thing that changed over time is I lost the confidence to do so. At this point in my life, I knew with my discipline and drive I would be able to do whatever I wanted. I knew the time to take the jump into entrepreneurship was immediate.
Should I also quit my job?
Unfortunately, I believe that decision is completely individual but, if you ask if it was worth it I would answer yes every time. My scenario may be completely different than yours so keeping your full-time or part-time job may be in your best interest. Only you can answer this.
Here are some things to consider when thinking about making the transition from a side hustle to a full-time business owner.
Are you 120% committed?
Do you have savings for at least six months?
Are you ready to leave your comfort zone?
Have you written out a business plan?
Do you know your target market?
Why do you want to do this?
Will you take time to invest in yourself?
What are you willing to sacrifice?
These are things you need to ask yourself before taking the jump into being a full-time business owner. I was fortunate enough to have people in my life help me with some of these, but at the end of the day I made a lot of mistakes and had to learn from them.
If you’d like discuss this topic further please feel free to contact me! Thank you for taking the time to read this!