"Are you thinking of quitting your job and starting your own business?

If so, you might want to think twice before you make that decision.

In my own opinion and experience, you should not quit your job immediately unless you have your finances secured. This is especially true if you are the breadwinner.It is very tempting to pursue your passion and become your own boss, isn’t it? That was my feeling when I was full of ideas and excitement. I quit my dream job in a big computer company at 20 and left home to start my own business. I had no plan, no financial backup, no roadmap. Just a dream of getting rich quickly.

But guess what? Six months later, I was broke, hungry, sick, and depressed. I had to go back home to my parents, feeling like a loser.

That was a hard lesson for me, but it also taught me a lot about entrepreneurship. I learned that starting a business is not as easy as it seems. It requires a lot of preparation, research, planning, and skills. It also involves a lot of challenges and risks that you need to overcome.

Now, as a co-founder of two corporations, a direct selling leader, and an entrepreneur myself, I want to share with you some tips that I wish I knew before I quit my job.

1. Prepare for a mindset shift. You need to change your attitude and habits from being an employee to being an entrepreneur. You need to be self-motivated, disciplined, resilient, and adaptable.  Here is a Free E-Book on Growth Mindset that you can download for free.  

2. Do a real research on the business, industry, service or product you want to sell. Find out if there is a real demand and market for what you offer. Test your idea with your potential customers and get feedback.

3. Create a business plan with your mission, vision, objectives, marketing strategy, marketing plan and operational plan. This will help you define your goals, strategies, actions, and measures of success.  Join this workshop called How to Quit Your Job Gracefully  where I will mentor you to create your own business plan. 

4. Create a financial plan that includes your personal and business budget, emergency fund, health plan, and funding sources. You need to have enough money to cover your living expenses and business costs for at least a year or until your business becomes profitable.

5. Research the business registration process and legal requirements. Decide if you will do it yourself or hire someone to do it for you. Make sure you comply with all the rules and regulations in your area. Here is the website of DTI on How to Register a Business in the Philippines.   

6. Write your short-term and long-term goals and set deadlines for them. This will help you stay focused and motivated on your journey.  Here is a template you can use to write your goals. 

   

    

7. Choose your place of work that suits your needs and preferences. It can be at home, in a co-working space, or in a brick-and-mortar shop. Consider the location, cost, convenience, and productivity factors.

8. If possible, try selling your product or service as a side hustle first before quitting your job. This will help you validate your idea, gain experience, build your network, and generate some income.

9. Have a digital marketing plan that includes creating a website, social media accounts, email list, content strategy, SEO strategy, and online advertising strategy. This will help you reach more customers online and grow your brand awareness.

These are some of the things that I learned from my 18 years of experience as an entrepreneur. I hope they will help you make an informed decision about quitting your job and starting your own business.

If you want to learn more about how to quit your job gracefully and begin your entrepreneurial journey with confidence, I invite you to join my workshop where I will teach you exactly how to do that.

In this workshop, you will also get access to my 3 co-mentors and coaches who are experts in sales, finance and wealth management. They will help you create a hardbound game plan for your chosen business so you can start with confidence and clarity.

If this sounds like something you need, send me a message and let’s chat. I would love to help you personally and see you succeed."