In this episode of ‘It’s Not About the Money’ (formerly ‘In Her Financial Shoes’), I share my journey of transitioning from a secure full-time job to running three successful businesses.
I provide insights and tips on how to make the leap from corporate to self-employed, I emphasizes the importance of exposing oneself to successful self-employed individuals and surrounding oneself with supportive communities.
I also highlight the need for financial stability and multiple income streams during the transition. I encourage reframing the current job, setting clear outcomes and timeframes, and staying connected to one’s purpose and vision.
Chapters
00:00 Introduction: Making the Leap from Corporate to Self-Employed
01:03 Challenges of Transitioning to Self-Employment
04:25 Reaching the Tipping Point
05:23 Personal Challenges and Motivation for Transition
06:17 Struggles as a Working Mother
07:43 Transitioning to Self-Employment
08:39 Financial Stability and Multiple Income Streams
10:08 Building a Coaching Practice
13:26 Importance of Retreats and Masterminds
16:24 Launching a Membership and Scaling the Business
19:30 Motivation and Opportunity Cost
21:53 Creating a Financial Cushion
23:21 Legalities and Basic Business Setup
26:12 Purpose and Vision
27:11 Setting Clear Outcomes and Timeframes
29:17 Conclusion and Call to Action
Resources:
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Book recommendation: Key person of influence Daniel Priestley
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