Is it time to quit your job and do a happy dance? Maybe, maybe not.
Whatever is going on, you may feel like you are running in circles or barely making it by. What they never teach us in school is that successful people, that is, people who never have to worry about their bills piling up or losing their job, never get there with a traditional job. The corporate rat race is a vicious cycle and, while it is a necessary evil, everyone should have a backup plan.
In the entrepreneurial world of work from home or home-based businesses (there's tons of different names for it), we call this a Plan B. It's also known as a residual income stream. In simple terms, it's a way for you to work part-time or in your spare time to actually have money saved for a rainy day, supplement your income (give yourself a raise), or to live the life you always wanted but your job could never afford.
More importantly, a home-based business opportunity is a great way to break out of the take-a-job-you-hate-until-you-find-a-better-job cycle. For most of us, a better job is not out there and, if it is, there are hundreds, if not thousands, of other people going for the same position. Regardless of your knowledge and experience, it all comes down to luck and whom you know.
Don't you owe it to yourself to try something different?
I've long asked myself just that. I saw all these opportunities but dismissed them as scams and pyramid schemes. It sounded "too good to be true". We're conditioned to feel that the only path to so-called success is getting an education, going into debt, and then working hard, long hours to get out of debt. This path leads to people in their sixties and seventies still working because they could not fully retire and sustain their lifestyle.
I decided I did not want that life for my family and I. There simply has to be a better way! I chose the path less traveled.
With a little research, I discovered that there are countless ways to make money in your spare time and from the comfort of your home. For a single parent or homemaker, this is great news. The opportunities are endless so here is an overview:
- Affiliate Marketing - Many companies offer affiliate programs where you can make money every time someone clicks on your unique link and/or makes a purchase through it.
- Product Reviews - Writing reviews can land you free products, nice paychecks, and increased authority/credibility online.
- Referral Networking - Businesses are struggling to generate leads so referral networking is and will continue to be a booming market, simply because every business needs and wants more customers.
- Off-Site Support - Call centers are "right sizing" or outsourcing overseas but, for those that realize that quality suffers going those routes, the best option is to hire analysts to handle inbound calls off-site (telecommuters).
Should you quit your job soon?
Entrepreneurship is not for everyone. Then again, traditional jobs are not for everyone either.
Being your own boss sounds great to most of us but few are able to become self starters and continue the self-education and motivation that is required to succeed when you work for yourself. If you find yourself feeling burnt out and unmotivated, maybe you should quit your job. But then it's a matter of determining whether it was the specific job or just the lack of real growth and profitability that careers in general are notorious for. Unfortunately, that is a question you may only be able to answer for yourself.
Can you quit your job soon?
This may sound like the same question repeated but, here, it's more a matter of whether you can afford to do it. As such, we saw that determining fulfillment and finding our true calling is the toughest part. If you happen to be fortunate and really have a grasp on what you are great at and passionate about, then this part is easier.
If you can afford to go a few months without substantial (or any) income, the risk is worth it. Some work best under pressure, others do not; regardless, it's good to have some savings, a nest egg, so you can avoid strong-arm sales or desperate tactics. We've all encountered a shark at least once in our life. These are folks that never get out of business mode because they feel, if they do, they will not make enough money. Certainly not a good place to be!
My advice is to explore residual income streams and businesses you can build up from home. Once you can build up the income so that's it is significant and consistent month-to-month, quitting your job so you could focus on your business and the rewards thereof makes more sense. It's always good to have a Plan B so never rely on strictly one source of income.
Whatever your endeavor is, good luck! I'll share plenty of money-making opportunities and business tips here so please explore and leave some feedback.
Are you ready to quit your job? What's your Plan B?
(Here's my Plan B - watch the video!)
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