Kiss Your 9-to-5 Goodbye: How to REALLY Calculate Your "I Quit" Savings & Launch Your Business
So, you're dreaming of breaking free from the corporate world and finally launching that coaching business you've been plotting for months (maybe even years!). You're picturing yourself setting your own hours, working from your favorite cozy nook, and empowering your clients to achieve their dreams.
But then reality hits, and you're faced with the dreaded question: "How much money do I REALLY need to save to quit my job?"
The internet throws around that magical "6-month expenses" number like it's the holy grail of financial freedom. But let's be honest; life is a lot more nuanced than that. Unexpected expenses pop up like uninvited guests at a party, and suddenly, that 6-month cushion feels more like a 6-week panic attack.
Don't worry; we're not going to let a few surprise car repairs or a spontaneous trip to visit your long-lost cousin in Belize derail your entrepreneurial dreams. We're going to equip you with a foolproof framework that will have you saying "Sayonara!" to your soul-crushing 9-to-5 and hello to the financial freedom you deserve.
Introducing the S.A.V.E. to Launch Framework: Your Financial Superhero
Think of S.A.V.E. as your financial guardian angel, guiding you through the murky waters of pre-launch finances and helping you build a solid financial safety net.
Set a Targeted Living Expense: First things first, let's figure out how much money you need to cover your fabulous lifestyle while you're busy building your coaching empire.
This is the cash that will keep you afloat while your business takes flight. Consider your desired lifestyle, monthly expenses, and how much risk you're comfortable with.
Do you want to maintain your current lifestyle, or are you willing to adjust temporarily to fast-track your launch? Are you a "live-for-today" kind of gal, or do you prefer a comfy cushion for those "just-in-case" moments?
Assess Potential Risks: Life is full of surprises, and not all of them come with confetti and champagne. What unexpected expenses could throw a wrench in your plans?
Think about those "oh-no" moments like a sudden illness, a leaky roof, or a surprise tax bill. Don't forget about those less dramatic but equally important costs like car maintenance, home repairs, and those pesky insurance premiums. An insurance review is important to help cover big costs.
Valuate Upcoming Expenses: Now, let's examine those planned expenses that often sneak up on us. Birthdays, holidays, weddings, and family vacations all require a chunk of change.
Take a good look at your calendar and financial commitments. Can you trim any unnecessary costs? Can you postpone that trip to Europe until your business is booming?
Remember, every dollar you save now is a dollar you can invest in your future freedom.
Estimate Business Costs: A business isn't just about passion and a killer website (though those are important, too!). It's also about cold, hard cash.
Calculate those costs like licenses, certifications, website design, marketing materials, and coaching software.
Don't forget about ongoing expenses like website hosting, email marketing subscriptions, and professional development courses.
Remember, if your business isn't generating enough revenue to cover these costs, you'll be dipping into your personal savings, and nobody wants that!
Why S.A.V.E. to Launch is Your Secret Weapon
The S.A.V.E. to Launch Framework is more than just a fancy acronym. It's your roadmap to financial clarity and confidence. It helps you:
Gain a realistic picture of your financial needs: No more guessing or relying on outdated advice. You'll know exactly how much money you need to launch and sustain your business.
Identify potential financial pitfalls: Forewarned is forearmed! By anticipating potential risks, you can create a plan to mitigate them and avoid those "oh-crap" moments.
Prioritize your spending: You'll learn to distinguish between "needs" and "wants" and make conscious choices about where your money goes.
Launch with confidence: Knowing you have a solid financial foundation will give you the peace of mind to focus on what you do best: coaching your clients to success.
Don't Go It Alone!
Calculating your “I Quit” number can be tricky, and getting overwhelmed is easy. That's why I encourage you to seek out professional guidance. A job exit strategist can help you:
Identify hidden costs: There are always those sneaky expenses that we tend to overlook. A professional can help you uncover them and ensure you're truly prepared.
Create a personalized plan: Your financial situation is unique, and your plan should be too. A job exit strategist will tailor a plan to your specific needs and goals.
Provide ongoing support: Launching a business is a journey, not a destination. A job exit strategist will support you every step of the way, offering guidance and encouragement.
Ready to Take the Leap?
Schedule a free 30-minute Clarity Call today, and let's explore how the S.A.V.E. to Launch Framework can help you achieve your entrepreneurial dreams.
Remember, you're not alone on this journey. With the right tools and support, you can confidently say goodbye to your corporate job and build a business that will light you up.