This week has seen some personal progress against the Exit Strategy. A little planning can go a long way but this needs to be put into real context. Waiting around forever and nothing will happen. Jump too soon and you might put yourself in a position you’re not ready to deal with.
So when is the right time to make the jump and Exit?
There is no right answer – and that’s okay!
For me, I have a mortgage to pay, modest savings, no other financial income or support to fall back on. But if you’re thinking of doing the same, your situation will be different. It’s a personal thing. But sit down and work things out. Could you afford to have no income for six months? Could you afford to bring home less money and cover the bills? Do you have a cushion to help you? All these things can help guide you.
A bit of preparation will give you the comfort you need.
I’m not putting a date to the Exit Strategy but it will be coming. Maybe not today, maybe not tomorrow… but soon!
It’s a path well trodden for many entrepreneurs (and future ones like me) to understand the sacrifices you have to make to build your own future. You have a job and you make clock off at 5, forget about work for the evening, weekend, holiday. But the entrepreneur never has that luxury of just switching off from work.
Sacrifices are to be made; work hard to reap the rewards. Especially when you take another path well trodden, working full time alongside building your new ventures in your spare time. Couple this will other existing commitments you may have – children, partners, pets, friends, family, sports, hobbies – it can all be a bit daunting.
But let me make a clear point of advice – don’t foresake these things.
Build a strong network of good people around you.
It’s too easy to focus only on what you are trying to build for yourself and then forget the other people that will be there to support you. The friends who will let you sound off and moan about even the stupidest little thing. The family who will help you do the things you are struggling to find time for. These are the people you not only want but you need. No man is an island – you don’t need to do it all yourself.
So this is a slightly public way of saying to the network of people behind me, I shall need you as I pursue the Exit Strategy – but we will all share the rewards at the end.
Have you ever had one of those weeks at work where you just think… I wish I could just walk out that door right now and never look back? I’m sure we all have at one time or another. But then we remember the realities of life – the mortgage to pay, the constant bills, the mouths to feed. The inconvenient facts of life that prevent us from that rash move no matter how much we might want it.
Well this week I had exactly one of those weeks. If I could just walk right out that door…
But some calm reflection, and my generally upbeat nature, made me realise that this could be a positive thing. Seeing the negative aspects of how things are done, and turning them into the positive things I will never do. When I’m running my own business.
That’s right. Take those negative experiences and let them push you to those new experiences.
Will the next weeks be similar? Most definitely. But will I feel the same about them? No, absolutely not. It’ll just push me harder towards the thing I’m looking for – the Exit Strategy.
Hello and welcome to the revamp of my blog. Over the years I have tried (and gloriously failed) to upkeep a blog. I’m not promising I will fare much better this time, but I intend to give it a good go.
So why the title, Exit Strategy? Well, dear reader, that’s the point of this blog. To follow my journey, the highs and lows, the laughter and tears, the yin and yang to achieve my ultimate goal – the Exit Strategy.
I’ve always long held the desire to work for myself and be more in control of my own destiny. But just taking that big leap is a scary process, not least with a mortgage to pay and a a decent job to move away from. The bills are paid, food is in my belly, I get to do a lot of enjoyable things but there is still one part of my life that is lacking.
So I’ve determined to work towards the Exit Strategy, the way to get out and really live the life I want. So sit tight and come along with me, it’s going to be a bumpy ride – but we shall get there!