The other day, I shared the following question in a couple Facebook groups: “What’s the #1 thing that is stopping you from growing your business to the point where you feel 100% confident quitting your 9–5 for good?”
Here’s the #1 answer I got (which didn’t surprise me): “I’m afraid of not being able to make enough money in my business to quit my job with a good feeling.”
I totally get it—because I’ve been there myself.
I remember wanting to be an entrepreneur ever since I was in high school. Back then, I loved building websites, and I knew that this was what I wanted to do for a living someday.
When I was in university, I remember spending hours and hours daydreaming about my own business while working in my well paid but incredibly boring part-time admin job.
Later, after graduating from university, I was super grateful I was able to get a job in the advertising industry. I was happy I could work in a creative environment while most of my friends either went on to get their PHD or got hired by one of the big banks, insurances, or telecommunications companies.
For a time, I had lots of fun creating content for online games, travel booking platforms, and all sorts of advertising campaigns.
Nonetheless, my dream of being my own boss didn’t go away. Even though I loved my job and my co-workers, there were also some things I knew I’d never be able to find in corporate.
I had lots of ideas for my own creative projects and very little time to put them into action. I also wanted to be free to travel and work from anywhere in the world. And—I was craving the freedom to simply be, breathe, and truly + deeply enjoy my life.
I knew that all of this was meant to happen someday.
Many times, I was SO close to quitting my job and just going for it.
But then, each time, fear held me back.
I felt that if I could just save up a little more money, I’d finally be confident enough to take the leap.
It’s not that I didn’t have money. In fact, I had a little fortune saved up.
However, I was stuck in a poverty mindset that kept me from seeing the abundant resources I had—and I wasn’t taking action because I was somehow convinced that if I just waited long enough, there would eventually be this perfect moment where I could be 100% sure I’d succeed.
So, I kept procrastinating.
It wasn’t until I was willing to take a risk and take action in spite of not feeling 100% ready that my dream of freedom finally came true.
God caught me in a big way, my employer became my first client, and in the end, all the worries that had held me back for so long had been for nothing :)
Today I realize: It wasn’t really that I ever needed more money to make my freedom happen. What I really needed was to free myself from the fear that was stopping me.
Now, if you are currently in the beginning stages of your business, dying to quit your 9–5 for good, but hesitating to take action because you’re waiting for the perfect circumstances, here’s what I suggest:
3 Magical Steps to Move Past the Fear of Not Having Enough Money + Soar Into Freedom With Ease
1. Have an honest conversation with yourself about WHY you feel you need more money before you can make your dream of entrepreneurship happen. Is it really that you need more savings, or are you simply holding on to your money because you aren’t willing to move past the fear of uncertainty?
While I do recommend having some money saved up before you leave your 9–5 for good, no amount of savings will guarantee your success. What you REALLY need is a good foundation for your business so you can generate the income you desire each month sustainably.
Some questions to ask yourself:
- Do you have clarity about your gifts, purpose, and direction?
- Do you know whom you are here to serve with your gifts?
- Are you clear about how to package and price your offerings so you can easily create the income you desire?
- Do you have a strong message you are excited about sharing with the world?
- Are you taking action to grow your business, and is the action you are taking creating results?
If you’ve answered one or several of these questions with a “no”, this is where you need to start. Then:
2. Free up time + energy to work on your business. The thing is that while you are still working in a full-time corporate job, the real problem is very likely not that you don’t have enough money. Yes, it may be wise to look at how you’re managing your money if you’re constantly broke. But more often than not, what many aspiring entrepreneurs REALLY struggle with is finding the time and energy to grow their businesses.
While both a lack of time and money can be an excuse that hides a deeper fear of moving forward, it’s important to know the difference between the two. The more clear you are about what you really need so you can take your next step, the more control you have over your circumstances.
A few questions to ask yourself:
- Could you free up time by temporarily taking some time off, gradually reducing your work hours in your current job, or finding a part-time job that covers all your living expenses while you work on your business?
- Where do you need to set better boundaries with your time at work and at home?
- How could you simplify things in your business, and how could you create faster results with less effort?
- What kind of support could you hire to grow your business more quickly?
3. Invest in your business while you still have a steady paycheck. One of the fastest ways to grow your business is by making smart investments. And even though it may be a step out of your comfort zone initially, the best time to start investing in your business is while you still have a steady paycheck coming in every month.
Here’s why: In the long run, you won’t be able to avoid investing in your business anyway, so it’s a great habit to get into right from the start. I’m not suggesting buying every single course or shiny little gadget out there (that can just be another distraction), but do invest in the things that genuinely help to make your life easier.
Some things to consider:
- What are some investments that are totally non-negotiable for you to get your business up and running? (E.g. a computer, software you need for your work, etc.)
- What do you absolutely need to feel well and happy in your work space? (E.g. cozy lighting, flowers, a comfy desk + chair.)
- What investments would help you save time + grow your income to your desired level with waaay less effort? (E.g. running Facebook ads, hiring a coach, getting someone to build your website for you.)
That’s all I have for you today :) Happy creating, and let me know in the comments below if you have any questions!