Photo Credit: Ethan Lane

How to Leave your Full-Time Job to Focus on your Wood Business

 

Today we’re going to talk about how you can leave your full-time job so that you can go full-time and all in on your wood business. 

 

One of the number one questions that part-time or hobby Woodpreneurs ask me is “How do I do this full time?” 

 

Know Your Motivations!

 

It comes down to understanding what your values and priorities are. First of all, ask yourself why you want to do this full-time. I’ve lately encountered a lot of white-collar professionals, financial analysts, and software salespeople, who have this wood business on the side, and even when it starts to take off, some of them don’t have any intention of leaving their job. 

 

Still, though, some of them do want to leave, and so I’m going to speak to them, or I’m going to speak to you, because you’re excited, and you have this passion where you want to be able to change your life and be around your family more and own a business doing something you love. 

 

So #1, ask yourself why you want to do this full-time.

 

Find out what it is about your current employment and your current work situation that isn’t giving you what you need. Feeling certain and clear is the first step. 

Photo credit:@goodwoodslumberllc

Know Your Sacrifices

 

The second step is asking yourself what you are going to give up by going all-in on your wood business. This step is incredibly important. Sometimes it’s that safety and security that comes from having a regular paycheck, the health insurance, or even just having someplace to get up and go every day. 

 

Asking someone what they want will rarely actually yield a clear answer, asking someone what they are willing to suffer on the other hand will.

 

Also, if you’re in a relationship your partner needs to be 100% onboard. Listen, I’ve talked to a lot of people, a lot of people that have gone from part-time to side hustle to full-time. The common thread was that they all said that their partner spouse was on the same page and supported them.

 

Listen, you should stop this video and not watch it until you have that conversation. Just say, “Hey, I’m thinking about this. I don’t know the timeframe yet, but I’m working on it. I’m really passionate about this.”

 

The Big Picture Details

 

So the concept, in theory, is that you need to create some friction, but that friction can be super stressful. 

 

What you do is you start to create friction between your full-time and your part-time job, you want your part-time job to start pushing against your full-time job in terms of money, and in terms of time. Ultimately you need to get to a point where you’re consistently bringing in more or the same as your full-time job. 

 

Unfortunately, a lot of the time it comes down to time. It’s this idea of “ If I could work on my side-job, then I can make more money, but how can I do it with this full-time job?”

 

I’m going to tell you how you can do it. The first thing is to start saving as much money as possible. Squirrel away as much money as you can and start building up an emergency fund. Then start taking some of the profits from your side hustle and reinvest that money back into tools that will make you more efficient. 

 

Also, during this process, build up your brand, invest in a website, invest in social media, and start to put out more content. Another little hack, don’t take any vacations. Use your vacation days and start working on your business on those days instead. 

 

Of course, you’ll need to consider your goals and life and make a plan that works for you, but this is the fundamental theory on how you can bounce from your full-time gig and make your wood business your full-time priority instead. 

 

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