Quantcast

4 Things To Keep In Mind Before You Say "I Quit"

Workin' Girl

It's been almost five years now since I cold turkey walked off my news reporter job to blog full-time. Since then, I've experienced so many highs and lows of being an entrepreneur and #girlboss. From overlooking some important business details, to learning (the hard way) to deal with shady clients, losing some of my work benefits and not thinking about financial planning for my later years; I literally had a crash course in becoming a businesswoman.

With entrepreneurship being all the rage these days, so many people only flaunt the glitz and glamour of being in business but forget to share those little nuggets of how to actually make it work. In entrepreneurship, there's a lot of personal and professional business (no pun intended) to handle that can easily be forgotten or missed.

Quitting your job to build your own empire or to bring a passion to life is indeed a risky move to make, but it's also a move that can be both beneficial and fulfilling. Just like everything else in life, you have to weigh out the pros, cons and, "Girl, you sure you wanna do this?" scenarios. Don't be one of those people who quit their job to work for themselves…but forget to build a business!

Keep these four things in mind if you're on the road to entrepreneurship.

Make the business official.

Giphy

It took me fifty-leven days for one company to run me my check and another flat out refused to book me because I didn't have a business license. Sure, I could do the work and in my head it was easy for them to just write a check out in my name. All companies are different and not everyone can just write the check; they all follow procedures and processes unique to them and sis, you don't want to get caught up in all of that. I found that it made being an entrepreneur much easier when I could supply a client with proper, legal documentation on behalf of my company. Not only does it help you to get paid easier it also proves that you take your business and coins seriously.

Benefits? What benefits? 

As soon as you say, "I quit!", one of the first things that disappear are your employee benefits. As a woman, it was super important for me to have some kind of health insurance, but the minute I walked out that door, I was on my own. Some companies are great in that they allow past employees to stay in their group plans but make the payments themselves; others just drop you. I've been making the sacrifice for five years now to pay my health and life insurance out of pocket; because of the way life is set up these days, I can't chance it. If this is important to you, make sure to keep this in mind as you journey to entrepreneurship. Will you need new insurance, can you join a group one…do you even care? And then there's the pension plan. How will you save money for retirement? Will you set up your own plan? This is definitely worth the conversation and discussion.

Where’d the money go?

Giphy

I'm cheap. And I'm not afraid to admit it. As a freelance writer and TV host and occasional influencer who partners with brands, I know firsthand how fickle this industry can be. I've had partnerships taken away, given the 30-day notice and left to literally count my coins. Learning how to effectively budget and manage money is a great skill to have as an entrepreneur, in any field. All businesses, even the well-off, established ones, experience ebbs and flows in their companies and yours won't be exempt. Buffer those crazy days by saving, budgeting and investing.

It’s not an easy road.

Being my own boss is one of the greatest pleasures I've ever experienced. It's a thrilling journey of highs and lows that stretch you and strengthen you; it's simultaneously fickle and fulfilling, it has its bumpy days and days where everything is going right. More importantly, it's not for everybody. If you've decided though that you can and will do this, you have to commit to the cause and fight through the tough times.

Want more stories like this? Sign up for our newsletter here and check out the related reads below:

Passion Over Paycheck: Why I Quit My Job At 30 To Start Living

How To Cope When You Hate Your Job

These 3 Women Boldly Quit Their Jobs & Changed Careers

I Quit My Job 3 Years Ago And Built A Badass Brand With These 5 Tips

Featured image by Shutterstock

It's been 573 days since my last New York Fashion Week. That's one year, six months, and 24 days. The last time I was in Manhattan, February 2020, was just as Big Rona was placing a chokehold on the world. I would have never guessed that while I was living my best life in the NYC streets, a pandemic would soon change my life completely. Because of the state of the world, there were no shows in September and by February 2021, the fashion houses were trying to figure out how to put on runway shows which led many brands to the digital space.

Keep reading... Show less
The daily empowerment fix you need.
Make things inbox official.

I was always content with the shape of my body. I never really had major weight issues either. I inherited my small bone structure and my small frame from my mom. I guess you can say I have those good Caribbean genes. I have long arms, long legs, and a short torso. But I also carry my weight well. So, when I gain or lose weight, the distribution of weight is evenly proportioned. At 36, I'm fully grown. I stand 5'4", a DD+, and I don't know where all this ass came from. Now I have a butt I never used to have.

Keep reading... Show less

One of my favorite things about the beauty industry is that there are no rules. There just aren't. There's always a hundred ways to do something, and then a better way to do those hundred ways too. Makeup looks are subjective per person, and you can have as much fun as you want to have to live your best creatively expressed life. Because of this, the internet is filled with experiments or new hacks to keep our juices flowing.

Keep reading... Show less

The concept of going to therapy has now been made mainstream as all things mental health matters have been brought to the forefront. While prioritizing our mental health is something this panorama and 2020 overall has emphasized is of the utmost importance, enforcing boundaries and amplifying self-preservation is still something seen as a radical act of self-love among Black women. And it's because so many of us are still unlearning hard lessons of toxic strength and resilience that brainwashed us into believing we have to have our capes on at all times.

Keep reading... Show less

What is a Virgo like in love? A Libra? A Sagittarius or a Capricorn? It's no secret, looking up the zodiac sign of a person we're dating is something we all do from time to time, whether we are a true believer of the zodiac sign and horoscopes, or if we casually dabble in the metaphysics here and there. Whether it's keeping up with horoscopes monthly or researching what a *insert zodiac sign here* man does in love or why he's distant, we've all managed to drink from the horoscope Kool-Aid at one point or another.

Keep reading... Show less
Exclusive Interviews

How Christina Milian Reclaimed Her Confidence After Overcoming Postpartum Hair Loss

The multi-hyphenate talks postpartum, love, life, and the hustle of being Christina Milian.

Latest Posts