Ready To Leave The Rat Race?

12 Jun

Posted by Andrew in Home business | WAHPs

Pursuing your dream isn’t as easy as quitting your job and following your heart. Passion doesn’t pay your bills or provide for your family, which is why many entrepreneurs hang on to the security of their 9-to-5 jobs during the difficult startup phase.

It usually isn’t a question of “Will my own home based or small business make money?” but “Can it make ENOUGH to equal my salary or at least cover all my basic needs?”.

That’s basically the first, toughest and scariest question would-be entrepreneurs have to deal with when they consider quitting the rat race and going it as a solo “rat”.

Thomas DeGeest, 38, was tired of his predictable life. After 12 years as a management consultant for IBM, the native Belgian was faced with a choice: continue the next 20 years in a predictable career or follow his entrepreneurial dream of sharing his favorite childhood treat–authentic Belgian waffles. Now, instead of traveling the country in a suit and tie, he travels the streets of New York City in an apron, selling freshly made waffles out of a yellow mobile truck. …read more about Thomas

Mary Schulman, 33, made a major break of her own when she, too, left a six-figure salary in investment banking to pursue her entrepreneurial dream. Schulman always had an entrepreneurial spirit, but it wasn’t until she was pregnant with her first child that she realized she had to get out of her demanding corporate job.

“I enjoyed my job but there was something sort of lacking. I didn’t feel that fulfillment in my life, and it was really bothering me,” she says. …read more about Mary

A new baby was the same deciding factor that pushed Greg Rhoads, 38, to leave his high-profile job as a vice president for Kodak. For Rhoads, being in a hotel 200 nights a year had gotten old–it was time to be home with his family. On top of that, Kodak was going through company-wide layoffs, and there was talk that his division would be shut down. …read more about Greg

Everyone dreams about leaving the rat race sooner or later. No, you don’t have to wait till you reach the top of the ladder like these 3 people before you decide to quit the race. The first ingredient you’ve got to have is the “I want it bad enough” desire. But before you can jump out of your racing line, you’ve got to do your homework. One of the most common reasons new businesses fail is the fact that not enough time was put into planning.

I’ve been there. Giving up the comforts and security of a corporate executive job and all its perks can be a really scary thing. But once you get into the groove, you’ll soon see that you just cannot put a price on the many intangible emotional and personal benefits you gain in return.

Popularity: 6% [?]

Liked this post? Please share it :

These icons link to social bookmarking sites where readers can share and discover new web pages.

We'd love to hear your opinion!

Commenting policy: Comments that are spam, cannot be understood, rude or contain hate and profanity will be deleted. We really don't like playing moderator... so let's be nice folks!.