Do You Have An Exit Strategy From Your Job?

If you work in Corporate America or for a business where you report to someone and you have been thinking about starting your own business, do you have an exit strategy? When determining a good time to transition from your 9 to 5 job to starting your own business, you should have a plan in place that will make the transition smooth.

As you develop your exit strategy from your 9 to 5 job, there are a few things that you should have in place. Check out the starter list below:

• Make sure that your income/revenue from your business can replace your salary from your job.
• Have insurance in place for yourself and family.
• Have money saved up that will cover at lease 6 months to a year of you bills and living expenses.
• Be willing to set guidelines and work times that everyone in your household should respect.
• Have all the tools, technology, and talent in place that will support your new business

Keep in mind that this is just a starter list that should help you start planning your exit strategy from your job. The video below provides basic information that you can use to start your own business.

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