James Schramko here. I want to talk about how you might transition from employment to your own job.
When I had a job, I knew that my income was relatively capped. There is a certain amount that an employer can pay you in the role that you’re doing, and that’s fair because they can’t pay you like a millionaire if you’re doing a job that doesn’t produce millions of dollars. Now, even in my case where I was producing millions of dollars of bottom-line profit for my employer, they’re not going to give it all to me.
So, I knew that I had to do something else. But when you’re on a high salary, you can’t just quit, especially if you have a family and you’re paying off a mortgage. So, what I did is start a business on the side. Now, always be respectful of your employer; and in my case, I actually disclosed it and shared with him my plans. And I slowly built that up in my own time after hours. It didn’t impact my day-to-day job, but I got it to the point where I was able to let go of my day job because I was able to equalize out my salary.
And then, of course, this was 10 years ago. I quit my job and I was able to make a very, very good income in my own business. But I did it through a two-and-a-half-year transition. So, I would suggest going softly about it. Prove and validate your new business before you step off the umbilical cord that is stable employment, if there is such a thing. And these days, I think that’s less and less the case.
So, start your side gig, be upfront about it if questioned, and don’t interrupt your day job, and make it a safer transition for you and your family; less pressure for everybody.
See our products HERE