VEOMA ALI on How to wave goodbye to your boss
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This document provides advice for leaving a job and becoming self-employed by starting your own business. It recommends having at least 6 months of savings, preparing a home office workspace, creating a checklist of business essentials like tools and advertising budget, prioritizing efforts using the 80/20 rule, and regularly updating financial and client records. The overall message is that with proper planning but also confidence in oneself, it is possible to quit a job and become your own boss by starting a business.
VEOMA ALI on How to wave goodbye to your boss
- 1. How To Wave Goodbye to Your Boss… …and say HELLO to your life on your own terms!!!
- 2. WHY LEAVE? • Are you unhappy • Are you self- at work? motivated? • Have you been • Are you very made empty confident? promises? • Are you really • Are you making skilled at way below what something? you think you’re • Do you LOVE that worth? ‘something’? • Do you distrust • Can you see your boss(es)? yourself
- 3. MONEY • If you have at least 6 months’ savings, chances are, you can afford to take the leap of faith • Don’t count on cashing in too quickly on shares, premiums and the like, as red tape is either really thick, or scissors are really dull! • If you don’t have dependents, your leap is easier • If you do have dependents, think at
- 4. SPACE and CONVENIENCE • If you currently have a secretary, be prepared to do without one for a while (unless you have loads of cash) • Ensure that you acquaint yourself with some organisational skills – use a calendar, at least! • Prepare a work station. This can be a room or part of a room with a desk, stationery, foghorn…whatever you need to
- 5. • CHECKLIST for YOUR MAKE A LIST & CHECK it THRICE! BUSINESS TOOLS - Client list (contacts who CAR MAINTENANCE will most likely buy your HOURLY RATE product) INTERNET ADVERTISING & - Advertising budget. Even if PROMOTION you advertise on CLOTHES/UNIFORM Facebook, set aside some LOGO money to promote your STATIONERY ASSISTANT business weekly WEBSITE - A name and tagline. Be CELL PHONE creative! COMPUTER REPAIRS CLIENT GIFTS - Cost of operations. No one is saying to do an MBA thesis, but identify your
- 6. WORK SMARTER than HARDER! • Remember the 80-20 rule: 80 percent of your results should come from 20 percent of your efforts! • Prioritize: can the printing of bumper stickers wait? Don’t become over-excited and spend too much too soon. • Do what you love. You didn’t quit your job to become frustrated.
- 7. UPDATE YOUR LISTS • Each month, you should: Update your client list Update your income/revenue Update your expenditure Update your savings Update your goals Update the status of your project(s)
- 8. MAKE A START! If you want to quit your job, you can do it today! Have a plan…but if you don’t have a plan, have faith IN YOURSELF!!! (After all, you’ll be your new boss!) GOOD LUCK! BUENA SUERTE! BON CHANCE!