For many, coaching begins as a part-time job, done in the evenings and on weekends around our nine-to-five jobs. Eventually we fall in love with this amazing process and imagine quitting our day job and coaching full time. This can be pretty scary but the key is knowing when to make that leap.
Here are a few signs that it might be time to quit your day job.
Sign #1: You Can Pay Your Bills
If your business is earning enough to cover your bills, it might be time to invest more time in it. But before telling your boss you’re leaving, set aside several months’ savings to get you through the start up phase.
Sign #2: It’s Now or Never
If not now, when? Have a plan. Think WHEN I can quit my day job not IF you will quit. Will you quit your job a year from now? Five years from now? Ten years from now?
Sign #3: You Understand What It Means
The thought of leaving a full-time job can be jarring. But if the thought of working for yourself, doing something you love, is so enticing you can taste it, then you’re ready to take a giant step forward.
Step #4: Your Coaching Practice Has Stagnated
A part-time venture can only grow so far before it begins to stagnate. The best time to quit your day job is when doing so means you’ll be able to move to the next level – bringing in more business by attracting new clients.
Step #5: You’re Restless
When you have a burning desire to coach, you’re going to want to spend your days working on making your business a success. That restlessness will grow and eventually reach the point where you can’t ignore it anymore and, at that point, you’ll know it’s time to quit the 9 to 5 and work when and where you want.