Thinking of quitting your 9 5 job to work on your business but not sure?
Yuli Azarch | December 7, 2016 | No Comments on Thinking of quitting your 9 5 job to work on your business but not sure?
I want to ask you a quick question: Are you thinking of quitting your 9-to-5 day job to work on your business but you’re not sure? Is this the situation you’re in right now?
If it is, which is a very common situation I see in a lot of people, I want to share a quick exercise with you, something that I do and that isn’t necessarily only about quitting your day job. It’s an exercise about being effective in making the big decisions in your life.
I actually heard it a few years ago. I was on an airplane. I think I was traveling to China, and there was a business video or something like it. There was an entrepreneur who was talking about her success and about how she took some risks. I took the exercise from there, and that’s what I want to share with you. Since I heard it, it has really made sense to me. I’ve been implementing it since then, and I find it amazing.
So I’m going to delve in right away. This is an exercise for when you’re taking risks, whatever it may be. Let’s say you’re quitting the 9-to-5 day job in order to focus on your business or focus on something else. It may be a scary moment because you’ll lose your stable income, and stability is very important for people. Maybe you’ll lose money from that business, or that business won’t succeed. The exercise is the following: Ask yourself, what is the worst-case scenario? Ask yourself, what is the worst-case scenario that can happen?
The thing is we usually make up the worst-case scenario in our heads. Let’s say you want to quit your 9-to-5 day job. You think your worst-case scenario is you’ll be on the street, homeless, probably begging for food. You think maybe people will kill you because you owe them money. Whatever you can think of. I know I make up crazy stories in my head sometimes, and usually in all worst-case situations, we make it so much worse in our head.
So ask yourself the question and write it down or journal it on paper: What is the worst-case scenario that can happen if I quit my job? Let’s say my business will fail. Let’s say I’ll invest and risk a certain amount of money, and it will fail. What’s the worst case? What could possibly happen?
Usually you’ll notice that the worst-case scenario is so much less serious than what you have in your head, and this will allow you to take the risk–or more accurately, the calculated risk–much more easily, because many times I believe you’ll see that there’s actually not much to lose. The worst-case scenario that you’re scared of is usually not so scary at all.
I’ll give you one example. I asked myself the question at the beginning when I always wanted to be an entrepreneur and make money online. In my head, I knew I also had the background. So I liked working in front of the computer, and my background was IT in the army. So in my head, I said, “Worst-case scenario is I take this risk, I work on this, and if everything fails, I go back and I become a waiter.” That was my worst-case scenario. It wasn’t being on the street homeless. It wasn’t being murdered or whatever of the kind.
I wrote down my worst-case scenario and thought about it, and I said, “Okay, if I take this risk, worst-case scenario is I would have to work for six months as a waiter and cover my loans.” That was my worst-case scenario, and when I realized that was the worst-case scenario, I understood it was actually not a risk. It was actually such an easy decision that I had to make. So I decided, “Okay, right now is the time. I’m going to focus on my online business. I’m going to quit my 9-to-5 day job because there’s actually nothing to lose. Worst case is I work six months as a waiter, I cover, and I raise the lost money. I’d still live normally. I am healthy. I have the people I love in my life.”
I still do this exercise on many decisions that I have that sometimes look like a risk in another perspective. So I think it’s a great question to ask. Again, what is the worst-case scenario? Journal it on paper, and usually, you’ll find that you make up things in your head. The important thing is writing it down and answering this question.
I hope this question will serve you well. I know it’s a great one I have in my toolbox that helps me take proper risks, I would say, and also helped me at the beginning of my journey to completely not take any jobs and focus on my online business when I still wasn’t earning money. I had wanted to take this “risk,” and it was a success for me. I’ve been traveling the world for the last two years, and I love what I do.
I hope this helps you. I would love to hear your comments below!