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- Aug 11, 2018
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Beware of the often erroneous assumption that quitting your job will enable you to double, triple, or 10x your output/profits.
Do you really need to quit? Does this 50% of your time at the hospital truly is a hindrance to your developing your business?
When I would launch projects in the past, I would always quit my "regular" job, telling myself I needed to go "all-in."
Maybe it's only me, but it was utter bullshit. I was telling myself a story. The scarcity mindset that came out as a consequence of not being sure I'd be able to sustain myself for a prolonged period ruined my creativity and enjoyment of whatever activity.
I have a friend who worked a full-time job, while growing his project for more than 5 years. By this point he was making mid-5 figures every month.
Then he quit. But he didn't quit because he thought it would allow him to work more on his project. Once he quit, he kept working 2-3 hours per day on his business. He just quit because he had loads of cash, and his business was paying him 5-6x what he used to earn as an employee, since a couple years. But he didn't quit so he could work more, only so he could work less.
In short:
Doesn't sound like a good idea.
Do you really need to quit? Does this 50% of your time at the hospital truly is a hindrance to your developing your business?
When I would launch projects in the past, I would always quit my "regular" job, telling myself I needed to go "all-in."
Maybe it's only me, but it was utter bullshit. I was telling myself a story. The scarcity mindset that came out as a consequence of not being sure I'd be able to sustain myself for a prolonged period ruined my creativity and enjoyment of whatever activity.
I have a friend who worked a full-time job, while growing his project for more than 5 years. By this point he was making mid-5 figures every month.
Then he quit. But he didn't quit because he thought it would allow him to work more on his project. Once he quit, he kept working 2-3 hours per day on his business. He just quit because he had loads of cash, and his business was paying him 5-6x what he used to earn as an employee, since a couple years. But he didn't quit so he could work more, only so he could work less.
In short:
- Most of the time, it's not a good idea to quit your job because you think you are scarce on time.
- You can quit when your business has consistently paid out 3-5x your current income at least for a year (but a 2 years is much better)
Doesn't sound like a good idea.