How to Overcome Fear, Quit Your Job, and Start Your Own Business


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Starting a business can be terrifying! It’s natural to feel overwhelmed and scared when considering taking the plunge into entrepreneurship. It means giving up a stable income, job security, and a sense of safety. But don’t let fear stop! If you are scared to quit your job and start a business, this blog post is for you!

With some planning, risk assessment, and perseverance, you can confidently leap from employee to entrepreneur.

What’s your business idea?

One of the fastest ways to start a home business is by becoming an online service-based entrepreneur. You could call yourself a Virtual Assistant (VA), Social Media Manager, Graphic Designer or Bookkeeper – it really doesn’t matter.

As long as you are positioning your services as the perfect solution to someone’s problem, you can launch your business!

But, because the clients won’t magically appear, you need to dig deep and figure out if you have the right mindset.

Can you afford to quit your job?

One of the best ways to prepare for business ownership is by having a plan. Before you quit your job, make sure you have enough money saved up to support yourself and your business until it starts generating income.

It may be wise to create a budget so you can track expenses and find areas where you can save money.

Additionally, take some time to map out a business plan and marketing strategy. These planning documents will help you stay organized and focused on your goals.

Tips To Set Your Salary Goals

Before you quit your job, it’s important to define what success looks like for you. Set yourself a realistic salary goal for the first few years of business. This will help you decide how much money you need to earn in order to cover your living expenses and support your business.

Here are five things you can do right now to set your salary goals:

1. Calculate your living expenses: This includes rent, transportation, groceries and other recurring expenses.

2. Make a list of all the income streams you plan to have in your business: For example, do you plan to offer one-on-one services or sell products? Or both?

3. Research the average salary for someone with similar skills and experience in the same industry: This will give you a good starting point for setting your salary goal.

4. Determine how many hours you’d like to work each week: You may want to start with a part-time schedule at first so that you can ease into running your own business.

5. Consider other sources of income: This could include freelance work or side hustles that can help supplement your income until you’re able to make a full-time living from your business.

Making the leap from employee to entrepreneur is not easy, but it is possible if you have an actionable strategy and realistic goals in place. With a little bit of planning and perseverance, you can overcome the fear of quitting your job and starting a business that you’re passionate about.

You should also make sure to check in with a tax professional. There is a big difference between being a W2 employee and an entrepreneur.

As an entrepreneur, you have the opportunity to write off business expenses. But you also have the burden of self-employment taxes.

A tax professional can help you navigate the ins and outs of running your own business to ensure that you take advantage of all available deductions and pay yourself an equitable salary.

Let go of the fear

Fear can act as a huge roadblock when it comes to taking risks, but don’t let it stop you from achieving greatness. Remember that nothing is permanent – if you fail, there’s always room for another attempt.

This doesn’t mean you should take reckless risks, but be aware that there’s nothing wrong with taking a risk if it means achieving your desired outcome.

Start with a freelance business

Now that you have planned and prepared for the transition from job to business, it’s time to get started. Don’t wait too long or allow fear to paralyze you from taking action. Instead, take baby steps and start with a freelance business.

You can use the gigs you get to make money while also perfecting your skills in an area that interests you. Over time, you may find yourself working for bigger clients and raising your rates.

Here are 3 questions to ask before yourself before you quit your job. 

# 1 – Do I have the skills people want?

It’s not enough to just want to start a business; you actually have to have skills that other people want and are willing to pay for. Whether these skills are related to a degree you earned or you’re self-taught, having some savvy skills will set you apart from the competition.

Under this same umbrella, ask yourself if there are enough people who want to pay for your skillset. For example, Facebook Community Managers will always be in need but are there enough bloggers and course creators who can afford a high-end price tag? The same is true for website developers, graphic designers, and ghostwriters; the need will always be there but can you find enough clients who can afford you?

# 2 – Have I done enough research?

Please don’t get stuck in analysis paralysis, but ask yourself some important questions:

  • Are your skills marketable?
  • Are there competitors offering the same skills?
  • Have you researched how much your market is willing and able to pay for those skills?
  • Have you calculated how much money you need to earn to live and pay your bills each month?
  • Do you have a plan in place for medical benefits and a retirement savings account?

Don’t make any life changes without doing this important research. And it’s probably a good idea to include your husband in the planning; especially if you have a pile of bills to pay, and a little one on the way – or just in your way. Working from home with toddlers is a challenge. LOL!

# 3 – Am I comfortable marketing and selling?

You need to banish the thoughts that you’re not good at sales or wait for people to come to you. Quite frankly, that’s just wishful thinking, not running a business.

You can’t just sit at home all day and watch those adorable kitten videos. You have to be comfortable getting into the spotlight and telling the world about your new business. 

Need Help Developing An Entrepreneurial Mindset?

The truth? Starting a home business is an easy, natural transition for some women and a super stressful one for others. It requires taking full responsibility for your successes – and failures. And it requires facing your fears head-on.

The good news is most of this is mindset stuff, and if you make just a few critical shifts in yours before you hop off the corporate ladder, you’ll feel much more prepared for the ups and downs of entrepreneurship – and have a much higher chance of success!

Finding the right mentor or coach to help you develop the entrepreneurial mindset can make all the difference in your journey.

Working with an experienced business mentor or coach can help you get comfortable with starting a business, determine what services and products to offer, set attainable goals and milestones, start marketing yourself – and much more!

How About Staying At Your Job And Start Earning More With A Blog?

My journey to become a successful entrepreneur wasn’t easy, but I am so glad that I took the risk. If you are feeling anxious and scared to quit your job, why not consider starting a blog?

A blog isn’t just a great way to make more money on the side – it can also be a powerful tool for personal growth and development. Through blogging, you can improve your writing skills, develop your own voice and style, test out creative ideas, form relationships with other bloggers, and much more.

Plus, starting a blog can be an incredibly affordable way to start a business. You don’t need to invest in expensive software or equipment – all you need is an idea and the patience to execute it!

And if you do decide to quit your job and become an entrepreneur, having a blog can help you showcase your talents and skills to potential clients. There is really no better way to position yourself as an expert in your field than to have a blog.

My blog led to me offering virtual services, such as copywriting and website design. I took courses in affiliate marketing, SEO, and other topics that weren’t related to my day job.

I always recommend two courses that are perfect for any full-time employee looking to start an easy side hustle: Elna Cain’s Write Your Way To 1K and Esther Iman’s 90 Day VA.

Actually, I gotta say, that my outlook at work drastically improved after I started my blog. Not only was I having fun expressing my creativity, but I also gained more confidence in myself and the work that I did.

I became the go-to person on a new project because my skills had increased, and I was seen as an expert.

Assessing the Viability of Starting a Business

Starting a business can be both an exciting and terrifying experience. You have to weigh the risks and benefits of taking that leap, so take some time to assess if it’s the right move for you.

Are there enough clients in your target market who would pay you for your services? Is now the right time for you to start a business? Do you have the resources and support system to make it happen?

I encourage you to write down all the pros and cons of starting a business, then discuss them with family members you trust.

If quitting your job isn’t feasible at this point, start exploring ways to increase your income. There are so many ways to make money online. My favorite professional services are copywriting, graphic design, search engine optimization (SEO), Bookkeeping, and Web Development. Start an online store or teach classes through platforms like Teachable.

Don’t underestimate the value of having extra income streams. It can help with job security and provide options should you decide to start a business in the near future. A business as a side hustle will open up so many new opportunities for you and can be the perfect way to dip your toes in entrepreneurship.

  • Can you start reaching out to people today and let them know you are interested in offering services?
  • Can you start building an audience through blogging and social media?
  • Can you invest in resources, classes, or mentorship to hone your skills?

As you juggle the responsibility of your job, family, and new small business, you will often feel tired and stressed. But it’s worth it. Unless you have savings to fall back on, I would never recommend walking away from the stability of a full-time job on a whim.

But if you’re willing to do the work, put in the hours, and come up with creative solutions, starting a business can be life-changing for you and your family. In time, you can earn more than you make at your job, sustain your financial stability and INCREASE your work-life balance.

Starting a business is no small feat, but it’s doable if you have the right mindset and resources. Take your time planning, researching, and gathering the necessary information to be fully prepared to take action.

With enough courage, hard work, and luck, you can successfully overcome fear and create the business of your dreams! Good luck!

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Hello there! I’m Jill, thanks for visiting my blog. I help women create work-life flexibility and financial stability by building a profitable online business they love.  Feel free to send me a message and let me know how I can help YOU!

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