HOW TO QUIT YOUR JOB

HOW TO QUIT YOUR JOB
BY: DEBRA THORSEN
do you to know without ending up on the street?
in a nutshell, you need to avoid the
SELF-EMPLOYMENT TRAP, THINK LIKE A BUSINESS, AND
create multiple passive revenue streams.

AVOID THE SELF-EMPLOYMENT TRAP

if you quit your job and hang up your own
SHINGLE, YOU MIGHT WORK HARDER FOR LESS MONEY.
you may enjoy working from home or choosing your
own clients, but you might end up living from
CLIENT TO CLIENT WITHOUT BUILDING ANY REAL
wealth.

MANY SELF-EMPLOYED PEOPLE I KNOW SUFFER FROM
feast or famine. they spend lots of time and
money marketing their services and get lots of
CLIENTS. THEY GET REALLY BUSY DOING THE WORK AND
stop marketing and then their prospective client
pool dries up.

if you set up your business so that you do
everything - marketing, sales, bookkeeping,
OPERATIONS, AND FULFILLMENT, THEN YOU ARE
limiting your success potential from day one.
you will spend lots of time on non-income
GENERATING ACTIVITIES AND MAY GET FRUSTRATED AND
burned-out in a short time.

THE REAL KEY TO SUCCESSFULLY CREATING WEALTH
outside of a job is to avoid the mistake of
trading one boss for another boss. you need to
STOP TRADING YOUR TIME FOR DOLLARS. STOP
thinking like a wage slave. look beyond earned
income.

think like a business

THERE ARE MANY PROBLEMS WITH EARNED INCOME. THE
biggest one is that you are trading your time
for money. if you stop trading your time, the
DOLLARS STOP COMING. THIS IS A HUGE PROBLEM IF
you decide to have a baby, get sick, want to
take an extended vacation, or are ready to
RETIRE.

the irs penalizes self-employed people who
OPERATE AS A SOLE PROPRIETORSHIP WITH A HEFTY
self-employment tax. how can you avoid this?
well, i am not an accountant or cpa, so i am not
GIVING LEGAL OR ACCOUNTING ADVICE, BUT I HAVE
learned to think like a business. before you
quit your job, interview local tax advisors to
EDUCATE YOURSELF ON DIFFERENT BUSINESS ENTITIES
and tax strategies. start thinking big.

BUILD A COMPANY WITH MULTIPLE PASSIVE INCOME
streams

YOU NEED TO BUILD A COMPANY THAT WORKS FOR YOU.
my best advice on how to quit your job is to
build a business that offers multiple streams of
PASSIVE INCOME IN ADDITION TO YOUR EARNED
income. there are so many exciting ways to
design your income portfolio. it requires
IMAGINATION, COURAGE AND PLANNING.

structure your business so that your daily
ACTIVITIES ARE FUN AND CHALLENGING. IDENTIFY THE
things that you don't enjoy or are not good at
and find other people to do these activities -
OUTSIDE PARTNERS, INDEPENDENT CONTRACTORS, OR
employees.

HOW TO QUIT YOUR JOB

my advice for how to quit your job is to avoid
THINKING THAT YOU HAVE TO DO EVERYTHING YOURSELF
to make your new enterprise run. think big! set
up systems and structures that work for you so
YOU DON'T HAVE TO WORK SO HARD. INCORPORATE AND
make the tax system work for you. design your
work around multiple passive income streams to
SUPPORT YOUR ACTIVE WORK. AND FINALLY, HAVE FUN!

about the author:
FIND OUT HOW TO BREAK FREE FROM THE CORPORATE
world. debra thorsen is a happy corporate
escapee who helps individuals create real wealth
AND HAPPINESS WITHOUT 9 TO 5 JOBS. VISIT *[2]*
for free tips on career change, wealth building,
and living without fear.

circulated by article emporium [3]
------------------------------------------------