Before I quit my job in 2016, I read The Entrepreneur Rollercoaster.
Our side business in side hustling was humming along, growing at a consistent pace in 2016. At NO point did I consider myself an entrepreneur. I had a full-time job and a side business — I was a side hustler and nothing more.
It was Garrett who saw something brewing. He saw how much I enjoyed working on our side business, how many hours I was putting in. He kept asking…and asking…and asking…when I was going to quit my job. Eventually, asking turned into “just quit already.”
To nudge me along, Garrett picked out Darren Hardy’s The Entrepreneur Rollercoaster and it was one of those life-changing books I think others should read who think entrepreneurship might be in the forecast because Darren confirmed everything I was concerned about. All the fears I had about the blind corners and stomach-turning drops were confirmed, which was comforting…comforting because I learned that I wasn’t alone.
And a few days after finishing the book, I quit my job.
“Entrepreneurs: The only people who work 80 hour weeks to avoid working 40 hour weeks.” – Lori Greiner
I’m no Lori Greiner (yet). But this rings true. I would work 24/7 on this labor of love (if I could).
This is Love
I love our business. I love everything we’re doing to help other, but I didn’t want to make this side hustle of ours into a business (at first).
I was convinced that starting a business was a difficult and time-consuming endeavor. Just filling out the paperwork seemed daunting, especially because this was a side business at first. Why do all this work for a side business?
I was also convinced that I would fail…a lot. In fact, I used to say that my biggest fear was fear of failure. Business is soooo risky, right? Why take on such a risky endeavor when I have the potential for failure?
Consequently, I didn’t take as many risks as I wanted, you know, with life in general. I stuck to the W-2, side hustling on occasion to get a taste of self-employment.
Here’s the rub. It took me 10 years to figure out that what I hated about work was having a job.
Re-enter the side hustle, which we grew to the point that it replaced the income from my full-time job.
The Slight Edge
Getting to the point that I can say I love business didn’t come right away…I was afraid of EVERYTHING.
How’d I overcome (most of) my fears and embrace my new identity?
1. Continuing education, i.e. learning useful stuff from books and training courses.
Shoutout to Amy Porterfield and her team!
2. FinCon 2016.
The personal finance community is FULL of entrepreneurs (and sidepreneurs) and FinCon gave me the ability to connect with more entrepreneurs than I’ve ever met before. Surrounding myself with people to emulate helped me overcome the fear I had and embrace the opportunities and challenges ahead.
Enter two of the many podcasts I’ve listened to that inspired me to take massive action despite any fear and self-limiting beliefs I had at the beginning.
Entrepreneur On Fire
I listened to episodes at the beginning and the end of the queue of Entrepreneur On Fire. I started taking notes on the lessons shared from this podcast as I kept hearing the same advice over and over again…
- Find a community that fits your interests and make friends. Help develop the community into something and help them. This can turn into a business if you’re smart about it.
- If you want to create a lifestyle business, you need to help people. Need to serve needs to be above the desire for money. Create content of value to customers. They care about solving their problems. Educate customers. Don’t worry about them going off and doing it themselves.
- Be insanely helpful and ask for nothing in return.
- Fear of instability and lack of income are consistently cited as top concerns. This is normal.
“You can have everything in life you want if you will just help enough other people get what they want.” – Zig Ziglar
Smart Passive Income
Of all of the episodes of Smart Passive Income that I’ve consumed, episode 227 is the one that resonates most clearly for where I am today.
“Make no little plans; they have no magic to stir men’s blood.” – Daniel Burnham
I listened to this episode multiple times. Below are the outtakes I jotted down…
- Scott Voelker from The Amazing Seller: quality over quantity
- Amy Schmittauer from Savvy Sexy Social: surround yourself with the right people
- Michael Stelzner from Social Media Examiner: start helping people without expecting anything in return
- Steven Scott from Authority Pub: do the one impactful activity
- Dana Malstaff from Boss Mom: focus on your gift, hone in on it ASAP
- Leslie Samuel from Become a Blogger.com: it’s OK to sell
- Steve Chou from My Wife Quit Her Job: network, meet like-minded entrepreneurs
- Cliff Ravenscraft from Podcast Answer Man: growth and progress are slow and measured – you have to grind it out before the right people will notice
- John Lee Dumas and Kate Erickson from Entrepreneur on Fire: the little things add up over time, importance of defining one perfect customer…can’t be everything to everyone
- Ray Edwards: you are the average of the 5 people you spend the most time with
- Mark Mason from Late Night Internet Marketing: need to be in business of creating massive value, do the right thing and money will follow; earnings are a by-product of how well you serve your audience
- Jamie Masters from Eventual Millionaire: commitment to my goal is what counts, not the how, no tactics; have patience and keep moving forward; relentless commitment to the one thing
- Chris Ducker from Youpreneur: know what your time is worth
If you listen to the episode, your takeaways might be different. What I took away were likely the messages I needed for where I was at that moment.
The Big Picture
Running a business has opened doors for me like no job had before. I always felt trapped at work, my creativity confined to the limits of a job description. But the worst part of work, the part of work that has been COMPLETELY eliminated by running a business, was this: limited opportunities.
When I had a W-2 job, I waited for someone to recognize and use the talents I had to offer. I waited for someone else to give me an opportunity.
Now, it’s up to ME to create opportunities. And the opportunities are endless. 🙂