Your First Step Before Quitting..

If you're looking to replace your income through coaching, there comes a point in time where you need to make the decision to leave your job and go all in on coaching. But when is it the right time? Should you do it when you get your first couple of paying coaching clients? Should you do it after you've got a few months of savings? Or what needs to happen? This is a terrible answer, but I'm gonna say it anyway. It depends on your risk tolerance. If you can handle risk at a very high level, then I would say then you can probably handle burning your boats and leaving abruptly and handling the uncertainty that comes starting a brand new business. But if you're more of a risk-averse kind of person and you value safety, then maybe that's not a wise decision. Now here's a more tactical answer. If my daughter asked me that question, here's what I would say to her as a responsible father. I would say at least have 6 months worth of savings in case in the first 6 months you don't make any money. The second thing for her is to make sure she has a very clear step-by-step plan that she can execute for her to better exit her current job and go to full-time coaching. And the third thing is to put herself in an environment where she can stay focused and she has people championing her dream.