“Business is more exciting than any game.” — Lord Beaverbrook
I know you do. Everyone does. Who doesn’t complain about work and post funny memes when the weekend hits? You spend all week waiting for the weekend, then you get completely hammered, and then you become miserable again on Monday. Life’s too short to be pissed off at the world. And while I won’t suggest that you quit your job right now, I just want to give you a little test to help you figure out if you’re ready to quit.
Our series continues! The series on Dream Catchers is going strong. Let’s start off with a quick story/quote…
Max Levchin: “The very first company I started failed with a great bang. The second one failed a little bit less, but still failed. The third one, you know, proper failed, but it was kind of okay. I recovered quickly. Number four almost didn’t fail. It still didn’t really feel great, but it did okay. Number five was PayPal.”
Let’s take the YES! chant to see if you can quit your job any time soon.
Let’s begin the YES! test:
- Will my bare expenses be covered?
- Do I have another source of income coming in right now?
- Do I have a plan for how I will spend my days?
How many yeses do you have? The goal is to have three. It’s all or nothing my friend. I don’t want you to be homeless. I don’t want you to spend all day doing nothing because you quit your job after reading some blog article.
Let’s break these down a little more.
Will my bare expenses be covered?
Do you have money saved? Will you be able to cover your eHarmony account, rent, and cable bill? Can you cut all three? Where will you stand here?
You can NOT quit your job if your bare expenses will not be covered. I’m all for romanticizing risk-takers and taking risks myself. I also believe that you need to be responsible. You can’t screw yourself over financially just because you’re not happy with your co-workers.
Before you quit your job, I want you to either save up a ton of money or to find a part-time gig/source of income so that you can cover all of your expenses. This leads us to the next question…
Do I have another source of income coming in right now?
You have to survive somehow. You have to make money. You can’t just live off your parents, your partner or the government.
I’ve already beat this topic to death on here, so I will drop it here. You can check out our guide to freelancing or start your own blog for income. You have to do something to make money before you snap and quit your job.
Do I have a plan for how I will spend my days?
This is key. The days slip away when you work for yourself. I’m way too ashamed to admit to have many times I’ve woken up at 1pm or later because I was up all night working on something or gallivanting.
Without strict parameters, you might end up watching Dexter all day.
Do not let this happen. You might just waste a few months or even years if you quit your job without a plan for how you will spend time. Please, try to think of an ideal day. Think of goals you will work towards and make a plan for getting things done.
So now, be honest…
How many answers were YES?!
Ideally, every answer should be a yes. Sorry. You shouldn’t quit your job if you don’t have everything in order yet. Hating your boss isn’t a valid excuse.
I want to see you hustle to ensure that you can answer yes to every question in this test within three months.
What are you going to do? Will you allow time to pass you by? Or will you get off the couch and make things happen?
I know that I don’t charge for 99.9% of my content, but I don’t want you to think that this is totally free. I expect you to share this with at least 2 friends.
Join The Dream Catchers Series:
Why you need to show the middle finger to dream-crushers.
Why it’s insane to not even try chasing a passion.
The $1k rule for chasing dreams.
How-to make a lifestyle change without going homeless.
How one dude sold his business for millions.
“Business opportunities are like buses, there’s always another one coming.” — Richard Branson