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

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

stop-trying-to-change-your-partner

You ever go into a dating experience like, 'He’s great, but he needs to work on XYZ,' and before you know it, you're over his head every second you can get to remind him to work on that same 'XYZ?' Yes? Well, perfect because this article is for my lovely fixers; it’s time to dive deep into learning to discern better potential long-term partners for you!

Keep reading... Show less
The daily empowerment fix you need.
Make things inbox official.
This Couple Once Broke Up Over Money And Now They've Made It Their Mission To Teach Others About Building Wealth

Julien and Kiersten Saunders met in 2012 while working for the same company and they quickly fell for one another. However, their whirlwind romance was cut short following an extravagant vacation. When they got home from Panama, reality set in, and they were forced to have a tough conversation about money after they both had different opinions on recouping the money spent on the vacation.

Keep reading... Show less
Five Things To Know Before Becoming A Dog Mom

This post is in partnership with Blue Buffalo.

So you’re thinking about becoming a dog mom? We love that for you! Having a happy, furry friend to greet you at the door each day, cuddle up on the couch with, and keep you in touch with the great outdoors is one of life’s greatest joys. And that’s before we get into all the cute puppy outfits there are to buy! But there are some key and non-negotiable things to know and consider before saying yes to bringing home a fur baby.

Keep reading... Show less
sagittarius-season-december-2022-monthly-horoscopes

December is a powerful month for the world and a month where love, power, and connection are all coming together as one. With the Astrological transits that are happening this month, true gifts are appearing to tap in to, and the possibilities are truly endless right now. Sagittarius Season is always a time when there is more hope and excitement in the air, and December is no different. There are a lot of opportunities this month if you open your heart to receiving them.

Keep reading... Show less
Here's The Real-Life Story Behind Netflix's 'From Scratch'

If you’ve recently heard the loud sobbing of women across social media, you can thank Netflix’s new romantic drama From Scratch for that. The series, based loosely on the memoir of the same name, which was written by Tembi Locke, centers on the story of a Black woman named Amy (Zoe Saldaña) who leaves behind her life and budding law career to move to Italy to study art. While there, she meets a local professional chef named Lino, and the two begin a romance that brings together two different cultures.

Keep reading... Show less
Exclusive Interviews
Latest Posts