May 11, 2021
Today’s episode is for YOU if you’re an entrepreneur side hustlin’ and wanting to go full time in your business. If you’ve ever wondered what things we’d recommend having in place before saying goodbye to your 9-5 or before working FULLY for yourself, this episode is gonna help you out!!!
Going full-time can be SO scary, but it doesn’t have to be. We both did it once and have BEEN there. You are NOT alone, and we hope this episode helps you feel a whole lot more prepared to make the big leap! Here are our top 5 tips to get you ready to go full-time in your business!
It is a smart thing to do but having a backup plan doesn’t mean we don’t believe in you because we do. Or we don’t want you to think that you shouldn’t believe in yourself. All we mean is to save, plan, or prep for off-seasons. Have an emergency fund if at all possible and be smart about going full time. Having a backup plan means having an option in place if your full-time leap doesn’t work out the way you thought it would. Could you go back to the job that you were at previously? Could you get a job? Are you able to get a job? The answer to most of those should be yes or would you be okay without a job?
Having a backup plan means you can have a roof over your head and food on your plate. Whether that is a backup plan or a savings account, be aware of making wise decisions. Doesn’t mean you can’t take risky decisions but be aware if it doesn’t work taking that leap you do have a backup plan.
Our intention is not to discourage you from going full-time, but to encourage you to have a safety net at some capacity. If it’s a spouse that is going to support you, a family member to move in with, or a job that you could go back to.
First, ask yourself these questions:
What industry are you going into? Is it something that nobody has done ever and you have no proof that you can do it? Have you ever had booking clients in the industry that you are trying to go into? Is there proof of interest? Are other people doing what you do successfully? Are you talented or can you learn to be talented at what you do?
Those are hard questions you have to ask yourself but if you can get enough proof before you go full time to have had booking clients in the past, had people buying from you, and inquiring about your service. No, you’re not full time but you have proof of concept and that people are interested in what you are offering.
You want to make sure there are some nibbles on that fish hook.
There also comes a point where you hit that breaking point where you physically need more time. You can also jump before that point. For Evie, she should have jumped way before she did and gone full time.
You don’t have to be perfect and oftentimes you’re not going to feel “perfect” or ready. Be aware of that, sometimes you just have to make sure that you have something of quality, not perfection, that people are needing and you have the skills or the ability to grow those skills in what people are needing. Don’t look for perfection or excellence, look for quality and you can always continue to grow and improve as you go.
Have an LLC formed or be a sole proprietor, have insurance, and have a business bank account. Highly recommend not going full-time without those things in place. Make sure your butt is covered. You don’t want to start going full-time in your business only to get screwed over because you weren’t legally protected.
We have quite a few episodes to help you get started with all things small business legalities:
Make sure you have insurance and contracts in place that protect you and those working with you. We have contract templates in our shop where we had partnered with Paige Griffith from the Legal Paige. You must make sure you are covered when you make the leap to go full-time, especially if that is the income that you rely on.
Before you go full-time you most likely don’t have all the hours in the day that you need to market yourself successfully online. If you have an idea of what to do and just don’t have time, that is a good sign that it is time to go full time. We ideally recommend not going full-time until you have something up and running on the internet as far as a web platform. Active on social media, again it doesn’t have to be perfect and posting every day, but have an idea and game plan of what you want to do on social media. Having an online presence where people can find you is the bottom line.
Have a marketing strategy for both blogging & social media. That deals with your website and social media. Question for you: how are you using your blog and social media to showcase your expertise, connect with your ideal client, and serve your potential clients as it relates to your product or service that you provide? Do you have a strategy on how you’re going to blog or utilize Instagram?
These are just a handful of episodes that can serve you in this area:
These will help you get started with social media marketing strategies, show up, and serve people well so that you are getting consistent sales and bookings regularly as you leap to full-time.
That doesn’t mean that you have to be implementing everything before you go full time but know your plan and strategy. You don’t have to have everything perfect right away but you do need to think through the next steps that you are going to take.
Everything that we said above is about having stuff in place, but the reality is leaping to go full time is a risky leap. It’s a weighed risk but is still something you have to ask yourself if you are willing to do even if it doesn’t work out. And could be harder than you thought. You have to be willing to take those risks no matter what it looks like and have confidence in what you are doing. Be willing to put yourself out there and believe in yourself. Embrace what it takes to be a full-time business owner and what it takes to be your own boss.
If you’re about to go full-time and take that leap, write down the steps you would take if you were to fail. You can take risks, but even in that leap, you can be logistical about it. When you write down the steps of what you would do if you fail, oftentimes it’s not that scary. It makes it less scary and not an unknown feeling.
People that go into business for themselves are insane. No really. We’re a crazy wild bunch. We’re a different breed of humans. You have to be willing to fail. To get up. To try again. Be willing to start before you feel completely ready. To jump before you fully have attached your wings. To be embarrassed and learn and grow from past mistakes.
If you are waiting for all those boxes to be checked, then you are always going to be waiting. Entrepreneurship is about risk assessment and doing the risky thing and getting the reward. There’s a certain confidence you have to have as an entrepreneur.
We hope that you will think it through before you take the leap but know you don’t have to have a million things in place, feel ready or have everything perfectly in order. You just need to have some basic principles set up and mostly be willing to fail. Willing to take that risk. You are most likely not going to fail but be willing to risk that. If you’re not willing to risk failure you’re not going to do anything which is technically a failure so you’ll never be able to avoid it in life. Life was made for risks and trying new things.
Implement these five things, but also be strategic, be smart and have a safety net in place but also take the risk. As an entrepreneur, you have to have that risk assessment.
Lightroom Editing Challenge: www.theheartuniversity.com/challenge
Pricing Guide Freebie: www.theheartuniversity.com/guide-freebie
Small business legalities episodes:
Marketing strategy episodes:
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WASSUP FRIENDS. We’re Evie + Lindsey, co-founders of this wild partayyy called The Heart University. Our goal is to empower entrepreneurs to kick freaking BUTT in their businesses, dive down into the heart of their why and how, and serve you with all possible tools you’ll need to up-level your business game and CRUSH those goals of yours.
Whether you’re coming to an in-person workshop, joining our online course, or soaking up all the strategies via this blog or our podcast, we’re STOKED you’re here + can’t wait to see you out there kicking butt.
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