Today is exactly six months from the day I left my job in the corporate world. It seems that it was just a few days ago when I told my immediate supervisor about my plans of rendering service and leaving our company.
Being in this company for more than 3 years, having a monthly salary which is 3 times higher than minimum pay and not to mention this being my very first job, I guess I was actually ambivalent (having mixed emotions) while I was discussing my resignation with him.
I remember at that time, there were a lot of employees who were resigning because of negative things that happened in the company. In my case, I really don’t have anything negative against the company or my job. As I mentioned above, I get paid about 3 times higher than minimum pay. I also do not have any problems with my peers, and most of my supervisors are kind and approachable. The workload is really not that hard compared to others in the same industry. If you are single and don’t have any dependents; I guess you could say that my job could actually be your dream job.
Why did I finally decide to leave this company? Is it actually the right decision to make? Honesty speaking, I’m not 100% sure that it is really the right decision to make but sooner or later, I knew it had to happen. To give you a few tips, I’ve listed below my main “good” reasons for finally deciding to quit.
1) Change in Career Path
Last year, a friend of mine introduced to me the idea of franchising. We went to the 2014 Franchise Expo which showcased a lot of opportunities for people with entrepreneurial minds. It was actually the first time that I got to speak with managers and supervisors without fear. What’s good about this is that I am speaking with them as a client and not as their employee.
That experience really gave me a great sense of fulfillment that I guess I seldom experience in the corporate world. Simply put, my career change is to become full time entrepreneur.
2) To Have More Time
Being in a 40-Hour work/week schedule, I had to balance my time in going to work and supervising in our business venture. Not to mention time to read more articles about entrepreneurship and personal finance, going to other places and meeting other people for business opportunities, spending time with my family and friends and doing the things that I love to do. I simply needed more time.
When I first started working, my sister just lent me 2000php (if I am not mistaken) for my pocket money. My family would then tell me to save, save, and save. I guess because of their constant reminder, I was able to save more than an average employee could. However, I never really knew why I was saving until I learned about entrepreneurship and personal finance.
Attending seminars about personal finance, I learned that having an emergency fund is important. In cases that you suddenly lose your job, you would have money to spare. Most often, the suggested emergency fund should be at least good for 3 to 6 months. I was actually thankful that I have this amount in my savings account and that saved me from having a dilemma.
4) Seeking New Challenges
Having a fix monthly income saves you from the hassle of looking for ways to pay your bills. If you are content with that, I really suggest that you stay employed and don’t venture into entrepreneurship. In my case, and I think most (if not all) entrepreneurs, having a fix income every month is not enough.
I know that quitting my job will be hard as I got used to receiving a fix salary twice a month for the past 3 years. I know it will really be challenging during the first months and I really need to tighten my expenses. But I just know that in a few months or years, I will reap good consequences for making this decision.
5) Has A Contingency Plan Ready
Most Entrepreneurial tips and articles suggest that you should throw away your back up plans in order for you to become successful in your business venture. While it is true that not having a back-up plan will make you strive and work harder to achieve your goals, problems will certainly occur during your venture. Always expect the worst case scenario.
Have options like switching to another business, partnering with other individuals and as far as going back to the corporate world are good examples. Worse comes to worst that I’ll need go back to the corporate world, I’ll make sure to save enough again to venture into entrepreneurship.
“The 3 C’s of Life: Choices, Chances, Changes.”
“You must make a choice to take a chance or your life will never change.”
I hope this article taught you something about how to achieve success.
Please don’t forget to share if you like it! 🙂
I Struggle, I Win!