You’ve made the decision to leave corporate America behind and venture out on your own to pursue entrepreneurship. It’s exciting but scary at the same time. You’re looking forward to building a business around your strengths and doing something you’re passionate about. But on the other hand, you’re concerned about a few obstacles of leaving the corporate world behind. Let’s take a look at these obstacles and how you can overcome them.
Obstacle #1 – Reliable Paycheck
This is the scariest and biggest obstacle when it comes to leaving the corporate world behind. At least with your job you know that every Friday (or whenever/however often) someone will deposit a paycheck in your bank account and you will probably know the exact amount that paycheck is going to be.
This is definitely an obstacle and a good concern to have. One of the “easier” ways to overcome this obstacle is to not actually leave your corporate job until you have a more established, secure online business. This means you’ll have to start and run your online business on the side – working it on the weekends and in the evenings after you get home from work.
It may mean that you’re going to have to sacrifice some family time but in the long run it will be worth it. After you’ve started to bring in a steady income with your business, then you can feel more comfortable leaving your corporate job. I can tell you from experience that this is a viable solution. The first thing you can do to free up time is reduce the amount of television that you watch. I have given up a lot of the shows that I use to watch. The few that I really do want to see are recorded. I then watch them and skip through the commercials. You would be surprised how long an hour show really is. You don’t have to become “missing in action” with your friends and family, but you will have to sacrifice some events.
Obstacle #2 – Debt
Another obstacle to leaving the corporate world behind is debt. And when I say debt, I’m not referring to a house payment or rent. I’m talking about consumer debt – credit cards, car payments, etc.
This can definitely be an obstacle when it comes to leaving corporate America behind. If you owe a large amount of debt that you were paying down, it’s scary to think about leaving the reliability of a steady paycheck behind. Again, just like in #1 above, you can overcome this obstacle by deciding to not leave your job behind until you have more of your debt paid off. If that’s not an option, try consolidating it into one payment so you only have one payment instead of several payments. Develop a budget and stick to it. Start with the credit card with the lowest balance and make a concerted effort to pay it off. Once you pay it off, add that money to the bill for the credit card with the next lowest balance. You will be so proud of yourself when you pay off your debt.
You should also keep in mind that you could potentially pay off debt quicker once you build a profitable online business because the potential to earn a very good income is possible. It’s just a matter of building your business around a model that works for you and your market.
Obstacle #3 – Doubt From Those Around You
Don’t be surprised if people around you look at you like you’ve grown a few extra heads when you tell them you’ve made the decision to leave the corporate world behind to start your own online business. It’s a normal reaction especially because so many people don’t understand the internet and building a business around it.
This can also definitely be an obstacle but one of the best ways to overcome it is to arm those around you with knowledge. You don’t have to give them a detailed business plan, but make it simple for them. Basically just ensure them that you have researched this, you’ve given it a lot of thought and have a solid business plan in place.
While these aren’t the only obstacles when it comes to leaving the corporate world, they’re a few of the biggest ones. Now that you have armed yourself with this knowledge on how to overcome them, it’s time to get busy building that online business of your dreams.
For encouragement and inspiration, read Leave The Corporate World Behind. Leave the Corporate World Behind chronicles the journeys of online marketers who have left corporate America and now have a full-time online marketing business or are in still in corporate America but have a part-time online marketing business. You will learn what you must do to get started as well as the things to avoid. This book features the stories of people who have actually left the corporate world behind.