13/07/2023
𝗦𝗛𝗢𝗨𝗟𝗗 𝗬𝗢𝗨 𝗤𝗨𝗜𝗧 𝗬𝗢𝗨𝗥 𝗝𝗢𝗕 𝗧𝗢 𝗦𝗧𝗔𝗥𝗧 𝗔 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦 ?
A friend of Mine had a decent paying Job. He earned over k10,000/Month. But he decide to quit. Just like most of us. He wanted more. And there is nothing Wrong with desiring more. He then Started a side hustle. He Started a business of Supplying Stationary to a certain Company. Which earned him k60 000 per month with a net profit of k15,000.
After 3 months. He came to seek for my Counsel. His plan was to quit his Job. He said," bro. I admire you. You work for yourself and make good money. I want to quit my job and start a business just like you" .
I responded, " bro, thats Su***de. it's too early. For now keep your day time job. Before you decide to quit. Learn more about business and have atleast 3 or more Clients. Do it for Some time, then you can quit when your business is Stable.
However, Just like a girl, whose in love with a pl***oy from Lusaka town. He decided not to take my advice. I heard he had quit his job. Offcourse I was against it, hence he didn't tell me about it.
A few months later, the Company he supplied Stationery to, found a Cheaper Supplier and cut him out as they ddnt have a written contract with him. It was Such a big blow to him. To add more Salt on the Wond. He had Just Married a fine woman, who desired all the fine things money can buy.
The day I bumbed into him I couldn't recognize him, as he had lost weight. The big Cheeks where nomore. His old ragged dirty Shoes, Could easily tell the story about what he was going through. After a few Minutes into our catch up Conversation, he opened up that his Wife told him not to return home unless he Finds Food and Money to pay their house Rent. I could feel, the pain in his Voice, as he mumered in his Speech.
𝗠𝗢𝗥𝗔𝗟 𝗟𝗘𝗦𝗦𝗢𝗡
1. It takes time to build a business. Starting a business doesn't mean, you will immediately Start Making profits. It's possible to go for years without making a single profit.
2. Keep, your day time job. Alongside, you can Start a business or side hustle. do it in your free time or you can employ Someone to work for you, then you can join them after work and on weekends.
3. You can decide to quit your Job, if you meet these 3 conditions.
firstly : Your Business net earnings are three times more than your Salary.
Secondly: Your business has been profitable for over 1 and 6 months.
Thirdly: make sure, your Savings account can sustain your personal bills for atleast 6 Months incase your business experiences a tough period or Cycle.
If you don't meet, the above conditions. You are not ready to quit your Job.
In Conclusion: "Don't jump from the top of a clif into a Swimming pool, without making Sure the pool has enough Water". Doing So, would land your head on the hard Floor.
Kindly don't forget to share this post, it can save someone from making a tremendous Mistake.
With Love. MIKE- BUSINESS COACH.
