how to escape your 9 to 5 job and make money for yourself
Summary
TLDRThe speaker shares personal insights on transitioning from a 9-to-5 job to entrepreneurship. They emphasize the importance of utilizing free time to build a side hustle, choosing a business model aligned with one's passion and life situation, and developing relevant skills. The advice includes leveraging existing platforms for growth, maintaining patience as success doesn't come overnight, and timing the exit from a full-time job wisely. The speaker stresses the need for persistence, realistic expectations, and the gradual scaling of business goals, highlighting the journey from a $2,000 monthly revenue to a scalable e-commerce business.
Takeaways
- 🕒 Utilize Free Time: Use evenings and weekends to start a side hustle or business venture while still employed.
- 🔍 Choose a Suitable Business Model: Pick a business model that aligns with your interests and life situation, and stick with it to avoid wasting time switching between ideas.
- 🛍️ Start with a Service-Based Business: If you lack capital, consider starting a service-based business that primarily requires time investment.
- 🛠️ Build Your Skill Set: Develop necessary skills for your chosen business model to increase the chances of success and adaptability.
- 📈 Leverage Existing Platforms: Use platforms like LinkedIn, Amazon, Facebook, and Instagram to gain clients and visibility without starting from scratch.
- 🌱 Be Patient: Understand that building a business takes time and success won't come overnight.
- 💰 Earn Incrementally: Set small financial goals and gradually work your way up to larger ones to stay motivated.
- 🕊️ Time Your Exit Wisely: Do not quit your job too early; ensure your side hustle is generating income or you have sufficient savings.
- 🚀 Scale After Quitting: Once you've quit your job, dedicate more time to scaling your business, as this can lead to rapid growth.
- 💼 Realistic Expectations: Recognize that social media often shows only the highlights of success, which took years to achieve.
Q & A
What is the main advice given for someone looking to leave their 9-to-5 job?
-The main advice is to use all available free time, such as evenings and weekends, to work on a side hustle or a new business venture.
What is the importance of using free time effectively for someone aiming to start their own business?
-Using free time effectively is crucial because it allows you to build a side hustle that can generate income, which is necessary to eventually escape the 9-to-5 job.
What is suggested for someone who is currently stuck in a 9-to-5 job and wants to change their life?
-The person should avoid laziness and distractions like watching Netflix, and instead focus on developing a side hustle during their free time.
What is the significance of choosing a suitable business model when starting a business?
-Choosing a suitable business model is important because it should fit your current life situation and align with your interests, which will help you stay committed and motivated.
Why is it recommended to stick with one business model instead of switching frequently?
-Sticking with one business model is recommended because it takes time to understand the business, develop skills, and acquire clients. Constantly switching can delay progress.
What is the role of building a skill set in the process of starting a new business?
-Building a skill set is vital because it not only increases your chances of success in your current venture but also equips you with transferable skills for future opportunities.
How can leveraging existing platforms help in growing a new business?
-Leveraging platforms like LinkedIn, Amazon, Facebook, or Instagram can help because they already have a large user base, making it easier to find clients or customers without starting from scratch.
Why is patience important when starting a new business?
-Patience is important because building a successful business takes time. It's normal for things not to take off immediately, and having patience helps in staying committed during the initial slow period.
What is the recommended approach to setting financial goals when starting an online business?
-The recommended approach is to start small, such as earning the first dollar or hundred dollars online, and then gradually expand your goals. This helps in staying motivated and realistic about the pace of progress.
What factors should be considered when deciding the right time to leave a 9-to-5 job for a side hustle?
-Factors to consider include having at least 1 to 2K a month from the side hustle or having six months of savings. It's also important not to leave too early to avoid financial instability.
What is the potential consequence of quitting a 9-to-5 job too early without a stable side hustle?
-The potential consequence is that if the side hustle isn't making money yet, one might find themselves needing to look for a new 9-to-5 job after quitting, which can be disheartening and counterproductive.
How does the speaker suggest dealing with the pressure and expectations of quick success often portrayed on social media?
-The speaker suggests keeping in mind that the success stories on social media often take years to build and not to rush the process, but to keep grinding and be patient.
Outlines
🚀 Escaping the 9-to-5: Key Insights for Starting a Business
The speaker shares personal experiences and advice on transitioning from a traditional 9-to-5 job to self-employment. The key takeaways include utilizing free time for side hustles, choosing a business model that aligns with one's life situation and interests, and the importance of patience and skill development. The speaker emphasizes the necessity of building a side hustle that generates income and developing relevant skills, even if the initial venture is not successful. They also highlight the importance of sticking to one business model to avoid wasting time switching between them.
🌟 Leverage Platforms and Set Realistic Expectations
This paragraph focuses on leveraging existing platforms to gain clients and the importance of patience in business growth. The speaker suggests using platforms like LinkedIn, Amazon, Facebook, Instagram, and YouTube to reach potential customers. They stress the importance of understanding these platforms' algorithms to maximize their effectiveness. Additionally, the speaker advises setting realistic expectations and starting with small financial goals, such as earning the first dollar online, which can gradually be increased to larger amounts. The speaker also discusses the importance of timing when leaving a 9-to-5 job, recommending having a side hustle that generates a steady income or having savings to fall back on.
Mindmap
Keywords
💡9 to 5 job
💡side hustle
💡business model
💡skills development
💡leverage
💡patience
💡first dollar online
💡exit strategy
💡savings
💡scaling
Highlights
Importance of utilizing free time for side hustles or business ventures outside of a 9-to-5 job.
Need to build a side hustle that generates income to escape the 9-to-5 lifestyle.
The necessity of developing skills while starting a new business.
Choosing a suitable business model that fits one's life situation and aligns with their passion.
Suggestion to start a service-based business if lacking initial capital.
The significance of sticking with one business model to avoid wasting time switching between them.
Adjusting expectations and understanding that success takes time.
Building a skill set that can be applied to future business endeavors.
The potential to sell acquired skills to other companies.
Leveraging existing platforms like LinkedIn, Amazon, and social media to gain clients.
The importance of patience and the understanding that business success is a gradual process.
Focusing on earning the first dollar online as a milestone to build upon.
The strategy of setting incremental financial goals to stay motivated.
Making a well-timed decision when leaving the 9-to-5 job to avoid financial instability.
Having a side hustle generating at least 1 to 2K per month or six months of savings before quitting.
The potential to scale a business significantly after quitting a 9-to-5 job due to increased time availability.
A reminder that success on social media often comes after years of hard work and building.
Transcripts
so you want to escape your 9et to5 and
make money for yourself well that's
great you at least know you can do more
and you're ready to take the leap I'm
going to explain to you six things that
are crucial and important to understand
before ditching your job because
starting your own business it it isn't
easy unfortunately and I will explain
this to you through my own story I
successfully left my 95 job when I was
21 and I worked as an account manager
I'm 27 now and I'm now working for
myself s for about six years so here are
six things to to keep into account when
you want to quit your 9 to5 or when you
want to start your own
business basically number one it's
crucial that you use all the free time
you have right now so you now have a
9-to-5 job meaning you often work from
Monday to Friday 9:00 a.m. to 5:00 p.m.
so in the office hours you're busy with
work you know so you only have the
evenings and the weekends it's crucial
that you use these evenings and weekends
for your next side hustle or your next
business venture if you keep like being
lazy if you keep watching Netflix during
the weekend or during the weekdays then
you're not ever going to to change your
life because you will stay stuck in your
job to escape your 9 to5 you need to
build a side hustle that's actually
making you money and making money with a
new business takes a lot of time you
first also need to develop some skills
Etc but more about it later so make sure
if you're really serious about making
this change that you make free time to
work on this new plan otherwise there is
like No Way Out literally it's also what
I did I worked every evening and in the
weekends when I can I also of course
still did some fun things but my
priority was making money next to my 9
to5 so I can eventually Escape my 9 to5
number two is make sure you pick a
suitable business model that fits your
current life situation and also a little
bit of your passion I don't I'm not
saying that you need to find something
that 100% suits you because the priority
right now is to escape your N9 to five
so pick a business model that you think
is interesting this could be uh Drop
Shipping e-commerce in general Maybe
YouTube you want to make money on
YouTube you can start an smma agency or
advertising agency an email marketing
agency and start by identifying some
sort of business model that attracts you
and and start developing your skills to
eventually get your first client and if
if you don't have any money right now I
would suggest highly suggest to start a
service-based business because the only
thing that costs you is time so yeah
find a business model that suits you and
the most important thing is once you've
picked a business model stick with it
because it it takes such a long time to
uh when you start switching from
business models and business models
because it just takes time time to know
the business to get some clients to
develop the skills so don't switch and
especially like don't have your
expectations too high don't expect when
you're doing e-commerce for one week
that you can you can stop your 9 to5 in
the next week I myself was working for
five months on my e-commerce brand
before I finally made around $2,000 in
revenue and it's not saying that you
will do the same like maybe you can go
get faster results I hope so but just
keep in mind when you're just starting
out with something things always take
longer than you expect and that's
completely fine but adjust your
expectations here so number three I
mentioned before already build your
skill set properly it's very important
you focus on building your skills why
like your first business venture might
not be a success but you at least have
the skills acquired to start something
new and this is crucial for when you
want to escape your night to five so
when I started my e-commerce brand the
first five months it didn't really took
off but I have had had the skills to buy
products uh to Brand Products to market
products which would make it easier on
the long term to start launching new
products that did became successful and
that's how I eventually was able to
escape so when you've sticked when you
have picked a certain business model
make sure you focus on the certain skill
sets that are required to be to become
successful and also what's very cool
like because you have these skill sets
you will have them forever and you can
even sell those skill sets maybe to
other companies um if they're they're
valuable so that's also very important
number four which helped me a bigton is
focusing or leveraging platforms you can
leverage LinkedIn to get clients for
example there are many people already
active on there you can leverage Amazon
there are many active Shoppers ready to
buy products so list your products on
there you can use uh Facebook Facebook
ads I mean or Instagram many people many
eyeballs are on there make sure you
understand how the algorithm Works same
for like when you make YouTube videos if
you're doing well with YouTube organic
you can literally get so many clients
just just through through YouTube so
leverage those platforms where the
people already are and it will make it
much easier to to then starting from
scretch so use
those number five I already mentioned a
little bit stay patient like things take
time before it will take off so don't
expect within one week you will have a
fully operational business especially
when you're just starting out I mean you
have no skill sets yet so give yourself
the time to develop and if you have a 9
to5 next to it you at least have the
certainty to pay your bills so yeah
things take time and that's that's
completely
normal and also focus on earning your
first single Dollar online like that's
the first goal then earn your first $100
online Etc slowly expand your goals and
Achieve them it will keep you more
motivated instead of of you saying like
oh I want to earn $10,000 a month like
that's a goal everyone wants to have but
it's not a goal that you will easily get
so start small and if you have small of
these little steps you'll eventually hit
the 10K and yeah the last one is timing
of your exit so the six one uh make a
good decision when you're leaving your 9
to5 don't leave too early like don't
leave if you don't have enough savings
don't leave if your side hustle isn't
bringing in in any money yet like the
worst case scenario is that you escape
your 9 to5 and your side hustle isn't
even making money yet and that two
months later you need to look for a new
9 to5 like that that that just sucks so
make sure that you're at least making 1
to 2K a month from your side hustle or
have at least six months of savings uh
on your bank account I myself was doing
around $1,500 to $2,000 a month with my
e-commerce brand before I I quit my
account manager job and from then I felt
comfortable really focused on it and by
the way if you then take the leap you
have no way back and you also suddenly
open up like many many hours to work on
your business for me I was able to scale
my e-commerce business to around 30k
within a period of 6 months and I only
did it because I I quit my 9 to5 so
don't quit too early but when you quit
go hard on your side hustle or next
business and you'll be fine also a quick
note at the end here things just take
time like I'm now literally speaking to
my younger self as well I wanted to quit
my job like as soon as possible but
that's not how life works and nowadays
with the social media you know people uh
expect results so fast because they only
see the shiny stuff on on social media
but oftentimes those people social media
show showcasing their business their
expensive trips holidays houses whatever
it took them years and years of building
before they could finally purchase
something like that so keep that in mind
for now keep on grinding and I see you
in the next video
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