The Expert Podcast

…So you're thinking about leaving your job, you and everybody else in the world There's the great resignation that's happening Everybody wants to quit. And leave their job and there may be a good reason for it. The job may be unfulfilling It may be underpaid. You may have to do things that really don't make you happy. And that's fine. But before you do that, Think about what your next move is. Are you trying to do a side hustle ? You're trying to get into your own business Do you want to take a different job…The question is why, what is behind it ? Do you want more money ? Do you want more freedom ? Do you want less work ? Do you want to do your own thing Do you want to be. Not controlled by a boss or a corporate overlord. Think of all the things you hate about your current job. Maybe it's that you don't have a day off maybe it's ha you have certain working hours that you don't like Maybe it's the commute…Maybe it's that there's. Just things about your job You don't like doing theirs kind of painful tasks. Or parts of it that just are unsatisfying or maybe even disreputable…So the question is what are you going to do about it ? If you go to another job. Is it going to be the same there when you took your job, did you have now. You probably thought it was going to be good You wouldn't have taken it otherwise…Case in point this article from vice says there's no. Such thing as a dream job. And that's why a job by definition is a job That's why they call it a job. There's an old quote that says do a job you love and you never work a day in your life. It's true. You might think that I want to play video games all day. You want to. Maybe…Be outside. In nature all day. And you might say if I can find a way to get paid for that I'll be happy Well yes and no. Even people that do the thing about their life that they love doing…eventually It catches up that there's parts of that job…That you're not going to like so what should you do ? Yes you should go off on your own and do your own thing We recommend that…you are self-employed you have your own business. As long as you're working for somebody else, you're at the mercy of another person's. Beliefs about business. Their strategy about…operating a company. There needs or failures. On management. You have to deal with all that. Maybe they forgot to handle a customer and you have to fix the problem. Maybe the way that they handle scheduling. Always puts people working at hours They don't like there's many things about your job You don't like…So you should work for yourself However, It's not. All. Utopia. Because all of the things that need to get done in your current job…Working for yourself Somebody's got to do them. If you open up a restaurant and somebody's got to clean the toilet. If you open up. A bookstore somebodies got to sweep up at night. So. You could do that yourself, or you could hire somebody but if you hire somebody, now you have somebody. Working for you that's in the same position that you were in somebody that hates their job. Somebody that doesn't like their task. And now instead of it being you it's somebody else that you have to. Take care of. So if you truly care about other people, And you know that that task. Sweeping the floor cleaning the toilet taking out the trash dealing with problem customers, whatever those things are. That you did not like…it's worse now because you're forcing somebody else to do those things that you don't like And as a caring altruistic, Person. That should affect you more than doing it…Shouldn't it. So what are you going to do about that ? Well there's a strategy. No matter what you decide to do for your own business. Open up a…deli. Bookstore. Landscape company. Programming company. There is going to be things that you're not going to be able to do yourself nor do you want to do them yourself ? Maybe there's some kind of programming. That you can't do. Maybe there's accounting that you can't do or don't want to do, even if you could literally do everything that needs to get done for your company You're not going to have enough hours in the day. So you are going to need colleagues. You are going to need business partners You're going to need employees. You're going to need assistance. With your. Enterprise at first, you might not be able to afford to pay. Because you have no income yet. With your side gig. So how do you do that Well you can partner up. With other people. That are in the same boat as you but like dude the other thing, let's say for example, You want to start a company that researches information. Right Let's say you find that realtors need certain information for marketing I'm just making something up…And you get into that business. Now you're going to need somebody that does sales. Maybe you don't like sales. You're also gonna need somebody that does accounting. For your business you may not like that. But if you like doing research and you start your own business for research, there's somebody somewhere. That likes doing sales. But they don't like doing research. There's also somebody somewhere that likes doing accounting. But they don't like doing sales if you and they want to start their own business too, or maybe they have started their own business. Those are the people you want to find. The people who are interested in starting their own business doing the things the pieces of the puzzle that you don't want to do or can't do or don't have time for…And attaching yourself to them. So you have this cluster. have self-employed people with these businesses that do all the pieces of the puzzle…to make the final result for your business and you're doing the same thing for them…Maybe you do like sales. But you don't like research or accounting ? Well you could do sales for the research company You can do sales for the accounting firm. You can do sales for your own company. So if you like doing sales, Offer that as a business now you're a sales company. And you can do that for other businesses either way Don't try to, don't try to do it all on your own. Don't try to burden the whole thing on your own shoulders, because there are things about a business that you need help with You need other people for look maybe you want to take on a business partner. But if you take on a partner. Now you have to give away half. Or some percentage of your revenue or your success, if you want to do it all on your own that's fine. But align yourself with good resources. Make sure they're trustworthy Make sure. they have the same mindset and belief system as you. Make sure they're disciplined. Make sure that they want to work hard. The good thing is you can interchange them If you work with somebody that maybe doesn't work out you can find another company It's not like an employee where you're attached…So look at all those pieces of the puzzle. And think ahead that you need them think about your company you work for now, before you leave and look at all the things in that company that are getting done. That you're not doing. There's an accountant. There's a book There's a salesperson there's marketing people. There's…maybe service delivery service. Make sure you account for all of those things that you need. And how you're going to accomplish that…You don't want to accomplish it by having a fixed monthly cost that you're obligating yourself to starting out. You want it to be scalable. So maybe you tell your accountant look. I'll only have you do stuff when I need it Maybe your sales person's only on commission…Maybe your delivery person. only gets paid per piece. But align yourself with other companies. That you can offer things to them and vice versa. So you can scale your business up do the things you like doing, but remember all of the things you hate about your current job aren't going to magically go away. If it's your company because all the things that you're doing that you hate. Have to get done for every company. And if you just disregard them and think it's magically going to disappear. You'll be. Sad when you have to do them, it will be worse too, because you're still going to have to do the same. Crappy job. But you're going to get paid less. And you're not going to get a paycheck every Friday like you do at your current job. Automatically you're only going to get paid. If you've built up some customers which you probably will at some point. But in the meantime you're going to do all that terrible work and the things you hate doing…At your current job, but not get a paycheck on Friday You're going to be doing it for free Basically in the long run It'll be good. But make sure you're planning for it. And looking for those opportunities to align yourself…with like-minded people. Good hearted people that want to be entrepreneurs and one of those stand on their own and do good things for…the community. As you're building it up. Don't live the fairytale that all the annoying things about business will go away And I know you're not doing that. I know you're thinking about all these things. But just plan for how you're going to plug in other people to do it because somebody likes doing everything. And use that to your advantage.