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Quitter’s
Checklist
The
Step-‐by-‐Step
Guide
to
Prepare
for
Leaving
Your
Job
Written
by
Robert
Farrington
The
Quitters
Checklist
Publication
Date:
March
2013
Published
by:
Robert
Farrington
www.beatthe9to5.com
©Copyright
2013
Robert
Farrington
NOTICE
OF
RIGHTS
All
rights
reserved.
No
part
of
this
book
may
be
reproduced,
stored
in
a
retrieval
system,
or
transmitted
in
any
form
or
by
any
means,
without
prior
written
permission
of
the
publisher,
except
in
the
case
of
brief
quotations
embodied
in
critical
articles
or
reviews.
NOTICE
OF
LIABILITY
The
author
and
publisher
have
made
every
effort
to
ensure
the
accuracy
of
the
information
herein.
However,
the
information
contained
in
this
book
is
sold
without
warranty,
either
express
or
implied.
Neither
the
authors
and
The
College
Investor,
LLC,
nor
its
dealers
or
distributors,
will
be
held
liable
for
any
damages
caused
either
directly
or
indirectly
by
the
instructions
contained
in
this
book,
or
by
the
software
or
hardware
products
described
herein.
Contents
STEP
14:
MAXIMIZING
YOUR
EXIT
............
49
PREFACE
.....................................................
4
STAGE
4:
BASIC
STRUCTURES
FOR
ONGOING
SUCCESS
................................
51
HOW
TO
USE
THIS
BOOK
......................
5
STEP
15:
NETWORKING
AS
AN
STAGE
1:
MASTER
YOUR
PERSONAL
ENTREPRENEUR
............................................
52
FINANCE
......................................................
6
STEP
16:
PREVENTING
ISOLATION
...........
55
STEP
1:
EMERGENCY
FUNDS
........................
7
STEP
17:
WORK/LIFE
BALANCE
...............
57
STEP
2:
BUDGETING
.....................................
10
WHAT
NOW?
...........................................
61
STEP
3:
DEALING
WITH
TAXES
.................
15
RESOURCES
MENTIONED
............................
62
STEP
4:
INSURANCE
.....................................
19
PRINTABLE
QUITTERS
CHECKLIST
............
63
STEP
5:
RETIREMENT
PLANNING
..............
24
STAGE
1
RECAP:
PUTTING
ALL
THE
FINANCIAL
COSTS
TOGETHER
....................
27
STAGE
2:
DEVELOPING
YOUR
BUSINESS
..................................................
28
STEP
6:
STARTING
TO
SIDE
HUSTLE
.........
29
STEP
7:
UNDERSTANDING
YOUR
MARKET
.........................................................................
33
STEP
8:
FREELANCER
OR
ENTREPRENEUR
.........................................................................
36
STEP
9:
BUSINESS
STRUCTURES
................
38
STEP
10:
BE
AWARE
OF
YOUR
EMPLOYER
.........................................................................
41
STEP
11:
SUSTAINABILITY
AND
CONSISTENCY
................................................
43
STAGE
3:
PLANNING
YOUR
EXIT
.......
44
STEP
12:
QUIT
OR
GET
LAID
OFF
..............
45
STEP
13:
OTHER
OPTIONS
FOR
ESCAPE
..
48
Preface
So,
you
want
to
quit
your
job,
but
don’t
really
know
where
to
start?
Maybe
you
have
some
ideas
about
where
to
begin,
but
worry
you
may
missing
something
important.
In
either
case,
you’re
not
alone.
You’re
also
in
the
right
place.
A
few
years
ago
I
started
my
first
real
side
hustle
and
got
my
first
taste
of
entrepreneurship.
And
it
tasted
good!
As
I’ve
been
developing
my
multiple
incomes,
I
had
a
realization
–
entrepreneurship
is
more
of
a
calling
that
continuing
to
work
at
my
9
to
5
day
job.
These
days,
little
has
changed,
except
I’m
making
a
full
effort
to
beat
my
nine
to
five
day
job
so
that
I
can
become
a
solopreneur.
And
I’ve
realized
I’m
not
the
only
one.
And
many
of
my
concerns
about
making
the
jump
to
self-‐employment
are
shared
by
many.
I
learned
a
lot
of
people
want
to
quit
their
jobs
and
work
for
themselves.
Not
retire
early
–
this
isn’t
about
that.
Rather,
this
is
about
creating
a
venture
that
can
support
you
and
your
family.
That
is
what
this
book
and
website
is
about.
The
idea
is
simple.
By
the
end
of
this
checklist,
you’ll
have
a
full
understanding
of
what
you
need
to
quit
your
job
and
become
an
entrepreneur
that
can
support
your
family.
This
book
is
designed
as
a
checklist.
There
is
a
lot
you
need
to
do
before
you
can
move
forward,
but
answering
honestly
will
help
you
understand
your
gaps
and
give
you
the
ability
to
focus
your
attention
on
certain
aspects.
The
goal
is
to
remove
the
mystique
of
entrepreneurship,
and
give
you
some
concrete
ways
to
actually
do
something
to
move
towards
it.
How
To
Use
This
Book
This
book
is
designed
to
be
a
that
you
can
mark
on
tweets,
status
checklist
that
people
looking
to
jump
updates,
or
other
social
media
to
entrepreneurship
should
go
messages
you
want
to
post
about
through
before
actually
quitting.
your
progress
so
far.
Before
You
Begin
Teaching
Examples
While
many
examples
in
this
Every
section
is
going
to
start
with
a
Where
it
makes
sense,
I’ve
included
book
are
from
Internet
teaching
about
why
this
is
especially
examples
of
people
who’ve
done
a
entrepreneurs
and
important
for
entrepreneurs
and
section
exceptionally
well.
Hopefully
solopreneurs,
it
is
completely
solopreneurs.
these
examples
will
inspire
you
to
possible
to
make
the
jump
to
put
in
that
little
bit
extra
to
be
self-‐employment
offline.
Tasks/Worksheets
successful!
This
section
will
explain
the
tasks
to
However,
the
risks
are
a
bit
help
you
make
sure
that
you
are
set
different
in
that
regard,
so
in
a
given
step
of
the
checklist.
While
this
book
has
been
designed
to
think
about
it
critically
at
the
be
used
as
a
checklist,
completion
of
appropriate
steps
of
the
Notes
it
doesn’t
guarantee
entrepreneurial
checklist.
In
this
section,
I’ll
give
you
a
few
tips
success.
The
goal
is
to
make
sure
you
and
thoughts
from
my
own
have
the
fundamentals
in
place
so
The
goal
is
preparation
–
experience
and
my
interactions
with
that
you
can
focus
on
ensuring
the
hopefully
this
book
will
help
others
to
help
you
get
the
most
out
of
success
of
your
future
business.
you
prepare
for
your
goal
of
the
tasks
or
worksheets.
being
a
self-‐employed
If
you’re
working
full
time,
entrepreneur.
Interact
entrepreneurship
is
difficult
to
jump
An
important
part
of
becoming
an
right
into
without
adequate
entrepreneur
is
interacting
with
preparation.
I
hope
this
checklist
others
on
the
same
journey
as
you.
helps
you
prepare.
Each
section
has
special
hashtags
Stage
1:
Master
Your
Personal
Finance
Before
you
embark
on
your
journey
of
entrepreneurship,
you
need
to
make
sure
that
your
personal
finances
are
in
order.
While
this
step
isn’t
mandatory,
jumping
to
entrepreneurship
without
a
plan
with
significantly
diminish
your
chances
of
success.
Mastering
your
personal
finances
means
having
a
balanced
budget,
fully
understanding
how
much
income
you
will
need
to
support
you
and
your
family,
planning
for
taxes,
insurance,
and
retirement,
and
more.
There
are
significantly
more
personal
finance
challenges
for
self-‐employed
individuals
than
those
working
a
nine
to
five
job.
Working
in
the
corporate
world,
your
company
will
provide
a
lot
of
resources
for
you
so
that
you
can
focus
on
your
job.
When
you
become
self-‐employed,
not
only
do
you
have
to
create
your
product
and
run
your
business,
but
you
also
have
to
become
an
accountant,
human
resources
professional,
and
more.
Furthermore,
being
self-‐employed
can
mean
unreliable
income.
Some
months
may
be
amazing,
while
other
months
may
be
challenging.
Budgeting
for
this
can
make
the
difference
between
being
self-‐employed
for
life,
or
having
to
go
back
to
a
nine
to
five
job
after
a
few
months.
Let’s
get
started
with
several
personal
finance
areas
you
need
to
master
before
thinking
about
leaving
your
job.
Step
1:
Emergency
Funds
The
very
first
thing
you
need
to
impact
your
cash
flow:
late
payments
How
about
this:
how
long
can
you
develop
is
an
emergency
fund
that
on
invoices,
you
getting
sick
and
not
live
off
your
savings
until
you
need
to
can
sustain
you
should
you
need
it.
being
able
to
work,
etc.
go
back
and
get
a
job?
That’s
the
amount
you
need
to
save.
What
is
an
Emergency
Fund?
In
all
of
these
situations,
people
with
an
emergency
fund
are
going
to
be
in
If
you’ve
develop
a
solid
business
An
emergency
fund
is
a
stash
of
cash
better
financial
shape.
before
quitting
your
job,
you
that
should
be
used
in
case
of
emergency
fund
will
be
substantially
emergency.
It’s
not
there
to
be
your
The
bottom
line
is
that
an
emergency
lower
than
someone
who
is
starting
a
savings
account,
and
you
shouldn’t
fund
is
essential.
venture
backed
business
that
isn’t
use
it
for
monthly
expenses.
It’s
for
cash
flow
positive.
emergency
use
only.
How
much
is
Enough?
Remember
the
Future
Why
Self-‐Employed
Individuals
This
is
one
of
the
most
controversial
are
Different
When
It
Comes
to
questions
in
personal
finance,
and
Also,
make
sure
you’re
thinking
Emergency
Funds…
there’s
really
no
consensus
on
how
about
the
future.
If
you
plan
on
much
is
enough.
The
reason
is
that
having
children
in
a
year,
your
costs
If
you’re
self-‐employed,
you
have
a
every
situation
is
different,
especially
are
going
to
rise,
so
ensure
that
you
different
set
of
potential
emergencies
when
you’re
self-‐employed.
include
this
as
part
of
your
equation
you
need
to
consider
when
saving.
in
figuring
out
how
much
you
need.
For
entrepreneurs,
I
suggest
you
First,
there
are
the
traditional
have
enough
in
your
emergency
fund
emergencies:
injuries,
plumbing
to
be
able
to
get
your
project
off
the
problems,
car
wrecks,
etc.
ground
and
sustain
it
until
it
can
sustain
you.
That’s
pretty
vague
But
if
you’re
self-‐employed,
you
also
though.
have
to
deal
with
business
emergencies
that
could
seriously
Emergency
Fund
Worksheet
While
we’re
going
to
talk
about
budgets
in
the
next
task,
it
is
important
to
simply
calculate
out
how
much
you
need
in
your
emergency
fund
first.
The
reason
is
that
if
you’re
short
(which
is
fine,
since
this
is
a
checklist),
you
need
to
budget
in
additional
savings
in
the
next
step.
Here’s
a
basic
form
to
help
you
figure
out
your
emergency
fund
requirements.
Emergency.Fund.Requirement
Expense Months
Monthly(Mortgage/Rent x 3/6/9/12
Monthly(Utilities x 3/6/9/12
Monthly(Car(Payment x 3/6/9/12
Other(Debt/Student(Loan(Payment
x 3/6/9/12
Utilities x 3/6/9/12
Transportation/Gas x 3/6/9/12
Groceries x 3/6/9/12
Entertainment x 3/6/9/12
Other(Expenses x 3/6/9/12
Total.Amount.Required =
Notes
• Dave
Ramsey,
author
of
The
A
lot
of
“experts”
have
said
a
lot
of
Total
Money
Makeover,
says
things
when
it
comes
to
emergency
that
the
very
first
financial
funds.
step
you
should
take
is
to
save
$1,000
in
an
emergency
fund.
My
take
is
that
you
need
enough
• David
Bach,
author
of
The
money
so
that
you
can
be
successful
Automatic
Millionaire,
and
feel
comfortable.
You
don’t
want
recommends
three
months
of
to
have
to
go
back
to
your
nine
to
five
living
expenses,
though
he
job
after
six
months
simply
because
believes
more
is
better.
you
didn’t
plan
ahead.
So
there
you
have
it.
The
choice
is
Don’t
just
take
my
word
for
it.
Here
yours,
but
make
sure
that
you
feel
are
some
of
the
various
opinions
comfortable
with
whatever
amount
“experts”
have:
you
choose.
• David
Chilton,
The
Wealthy
Interact
Barber,
writes
“I
feel
that
$2,000
to
$3,000
is
much
Figuring
the
right
amount
for
your
more
realistic
than
$10,000.
emergency
fund
is
tough,
but
If
you’re
afraid
that
and
countless
others
have
had
to
figure
it
expensive
emergency
looms
out
as
well.
Gain
feedback
on
your
in
your
future,
establish
a
thoughts
on
an
emergency
fund,
and
credit
line
at
your
bank.”
see
what
others
are
doing
by
• Jean
Chatzky,
author
of
You
updating
your
social
network
status
Don’t
Have
to
be
Rich,
with
the
hashtag:
#QuitterStep1
recommends
six
months
of
living
expenses.
Don’t
be
shy
–
we’re
interested
to
hear
what
you’re
thinking!
Step
2:
Budgeting
can
plan
a
lot).
And
a
budget
is
only
That’s
one
example.
If
you’re
single,
as
good
as
the
inputs
into
it.
it
could
look
like
this:
Budgeting
should
not
be
a
chore.
It
1. Me
should
be
a
powerful
tool
to
help
you
If
you’re
not
open
and
honest
with
2. Business
achieve
your
financial
goals.
yourself,
your
budget
will
fail
and
3. Friends
you
will
fail
financially.
4. Fun
If
you’ve
never
made
a
budget
before,
5. Other
Stuff
planning
for
self-‐employment
is
a
A
Budget
is
About
Priorities
great
time
to
start.
If
you
already
Regardless
of
your
priorities,
a
keep
a
budget,
hopefully
you’ll
find
Every
budget
is
about
priorities
and
budget
can
help
you
make
sure
you
some
things
useful
when
it
comes
to
trade-‐offs.
Unless
you’re
making
balance
what
you
need.
the
unique
financial
aspect
of
self-‐ millions,
you’re
going
to
be
employment.
perpetually
constrained
by
how
much
money
you
bring
in
versus
Important
Reminder
What
is
a
Budget?
what
you
want
to
do
with
that
money.
As
much
as
you
want
to
think
First,
let’s
not
skip
the
basics.
This
is
that
your
business
is
always
#1,
important!
A
budget
is
a
financial
It’s
not
a
bad
thing
to
be
constrained,
it
can’t
be.
Even
if
you’re
single,
plan
and
a
list
of
all
planned
but
you
should
clearly
identify
your
you
have
to
take
care
of
expenses
and
revenues.
It’s
a
plan
priorities.
yourself
to
live.
Maybe
your
for
saving,
spending,
and
borrowing.
business
is
#2,
but
for
many
Think
about
making
a
structure
like
I’ve
found
that
it
is
#3
or
#4
at
Think
of
a
budget
as
a
plan
stated
in
this:
best.
monetary
terms.
1. Wife
2. Kids
Remember,
work
to
live,
don’t
It’s
purpose
is
really
only
to
provide
3. Me
live
to
work.
a
forecast,
and
help
identify
costs.
4. Family
5. Friends
A
budget
is
not
perfect.
It
cannot
6. Business
predict
the
unplanned
(although
you
7. Fun
Tracking
Income
and
Expenses
Then,
go
through
all
your
expenses
Go
Electronic!
from
the
last
three
months,
give
it
a
Now
that
you
have
a
priorities
list,
it
name,
and
put
it
in
a
category.
Don’t
think
that
you
have
to
do
all
of
this
is
important
that
you
start
tracking
budgeting
stuff
by
hand.
That
can
be
a
your
income
and
expenses.
This
is
On
the
next
page
I
have
put
together
little
tedious.
While
a
lot
of
people
find
probably
the
most
difficult
task
of
a
basic
tracker
that
you
can
use
that
it
valuable
to
use
a
spreadsheet,
it
can
putting
a
budget
together,
but
also
includes
common
categories,
but
feel
also
be
helpful
to
use
an
automated
the
most
helpful.
free
to
add
or
delete
from
the
list
if
program
to
help
you
setup
a
budget.
needed.
I
suggest
that
you
start
by
getting
at
There
are
two
I
recommend:
least
three
months
of
statements
For
your
convenience,
in
the
notes
I’ll
from
all
your
accounts
–
checking,
highlight
where
you
can
find
some
1.
Mint
–
This
is
an
online
program
that
saving,
credit
cards,
investing,
401k,
great
budget
spreadsheets
that
can
is
free!
You
simply
enter
all
your
bank
etc.
Three
months
will
allow
you
to
match
your
needs.
accounts
and
it
downloads
your
get
a
better
average
of
your
spending
transactions
and
categorizes
them
for
over
time.
you.
You
may
have
to
make
some
adjustments,
but
it
is
quick
and
easy.
When
making
a
budget,
it’s
important
to
start
with
income.
This
2.
Quicken
–
This
is
desktop
software,
may
sound
odd;
especially
and
ranges
in
price
from
$29.99
to
considering
the
premise
of
this
book
$79.99.
However,
it
is
much
more
is
quitting
your
job
(i.e.
giving
up
that
powerful
and
allows
much
more
income),
bare
with
me.
accurate
tracking
of
investments
and
other
specialty-‐type
accounts.
This
is
I
suggest
that
you
start
by
writing
what
I’ve
used
for
years
and
would
find
down
all
of
your
sources
of
income.
it
hard
to
budget
otherwise.
Include
salaries,
side
hustles,
interest
and
dividends,
and
whatever
else
you
may
have.
Budget
Worksheet
Simple.Budget
Month&1 Month&2 Month&3
Income
Salary
Side&Hustle
Investment
Interest
Expenses
Mortgage
Electric
Gas
Water
Trash
Phone
Cable
Internet
Student&Loan
Car&Loan
Credit&Card
Car&Insurance
Gas
Food
Child&Care
Pets
Insurance
Spending&Money
Engineering
Your
Goals
Now
that
you’ve
put
down
on
paper
That’s
why
I’m
telling
you
now
that
should
consider
finding
another,
less
your
income
and
expenses,
it’s
time
you’re
going
to
have
to
remake
your
expensive,
vehicle
and
selling
the
one
to
setup
your
goals
to
make
them
budget
–
probably
several
times.
you
currently
own.
attainable.
The
best
way
to
work
a
budget
with
a
Once
you’ve
balanced
your
budget,
There
are
a
few
things
you
should
goal
is
to
set
the
goal
and
work
you
can
start
going
after
real
goals.
know
before
you
get
started:
backwards.
Your
first
real
goal
should
be
topping
• You
will
overspend
in
a
few
off
the
emergency
fund
we
talked
categories,
it’s
natural
Your
first
goal
should
always
be
to
about
in
Step
1.
• You
could
get
de-‐motivated
spend
less
than
you
earn.
If
you’ve
• You
will
have
to
remake
your
put
all
your
income
and
expenses
Let’s
say
you
need
an
extra
$5,000
to
budget
down,
and
it’s
not
adding
up,
you
make
sure
your
emergency
fund
is
need
to
look
at
where
you
can
cut.
really
where
you
need
it.
Let’s
also
Just
because
you’ve
written
down
say
you’re
looking
to
jump
to
self-‐
your
expenses
doesn’t
mean
you’re
Most
people
overspend
in
dining
and
employment
in
the
next
12
months.
changing
habits.
You
just
have
a
food
categories,
which
also
happens
That
means
you
need
to
find
an
better
sense
of
where
you
spend.
If
to
be
one
of
the
easier
ones
to
cut
additional
$417
per
month
to
save.
you’ve
averaged
$500
in
food,
which
down
on.
means
that
some
months
you
spend
Now,
you
have
two
choices.
You
can
$400
while
other
months
you
spend
Another
common
expense
that
earn
an
extra
$417,
or
you
can
$600.
people
have
relates
to
their
cars.
prioritize
your
spending
to
save
that
This
one
is
harder
to
cut,
but
if
you’re
additional
amount.
That’s
where
a
Overspending
could
demotivate
you,
finding
yourself
in
the
red,
you
budget
comes
in
handy.
but
don’t
get
discouraged!
I
will
show
you
how
to
engineer
your
goals
Engineer
your
spending
goals
by
starting
backwards
to
make
it
work.
and
following
your
priorities.
Special
Considerations
For
Leveraging
Your
Budget
There
are
a
lot
of
budgeting
Entrepreneurs
resources
out
there,
but
realize
that
Now
that
you’ve
setup
your
budget,
your
budget
will
be
unique
to
your
If
you’re
planning
to
quit
your
job
you’re
going
to
need
to
leverage
it
for
needs.
Some
of
my
favorite
and
become
self-‐employed,
there
are
the
next
sections.
budgeting
tools
are
located
here:
10
several
special
considerations
you
Free
Budget
Spreadsheets.
need
to
take
when
building
your
next
Once
you’ve
really
grasped
your
budget
and
setting
your
goals
for
income
and
expenses,
you’re
going
to
Interact
self-‐employment.
have
to
figure
out
how
you’re
going
to
replace
your
income
via
your
Share
your
progress
on
making
a
First,
your
expenses
are
going
to
rise.
entrepreneurship
goals.
budget!
Use
the
hashtag
We’re
going
to
cover
these
changes
#QuitterStep2
to
share
your
next,
but
you
need
to
realize
that
For
some
of
you
this
can
be
easily
progress
or
ask
questions
if
you’ve
when
you’re
working,
your
employer
done,
but
for
many
entrepreneurs
hit
a
stumbling
block.
provides
a
lot
for
you.
and
small
business
owners,
it
can
be
challenging
because
of
irregular
Some
things
to
consider
include:
income.
This
is
also
where
a
buffer
• Taxes
can
come
in
handy
in
your
budget.
• Insurance
• Retirement
Notes
By
becoming
self-‐employed,
you’re
Putting
together
an
accurate
budget
suddenly
going
to
have
to
provide
for
is
one
of
the
toughest
things
to
do
in
all
these
things
yourself.
financial
planning.
When
you
remake
your
budget
It
is
essential
that
you’re
honest
with
before
you
become
self-‐employed,
yourself
so
that
you
can
set
yourself
get
estimates
for
what
these
up
for
success.
expenses
are
going
to
be
for
you.
Step
3:
Dealing
With
Taxes
What
Taxes
You’ll
Have
to
Pay
Taxes
for
small
businesses
can
be
The
first
thing
to
understand
is
what
very
complicated.
Entire
books
have
taxes
you’ll
have
to
pay
that
are
Professional
Advice
been
written
about
the
best
tax
different
than
a
salaried
individual.
structures
for
businesses,
and
it
is
Taxes
are
a
really
tough
subject.
probably
one
of
the
biggest
questions
When
you
work
in
a
nine
to
five
job,
This
guide
is
meant
to
education,
that
CPAs
deal
with.
you
probably
noticed
that
you
get
a
but
not
to
be
a
recommendation
bunch
of
taxes
withheld
from
your
on
any
particular
business
tax
This
isn’t
designed
to
be
a
full
course
paycheck
every
two
weeks.
structure.
on
small
business
taxation.
Rather,
I
want
to
highlight
some
of
the
key
These
taxes
could
include:
If
you’re
wondering
which
aspects
that
you’re
going
to
have
to
• Federal
Tax
Withholding
structure
is
best
for
your
deal
with
as
a
self-‐employed
• Social
Security
Withholding
business,
you
should
consult
an
individual
versus
working
a
nine
to
• Medicare
Withholding
account
for
tax
implications
and
a
five
job.
• State
Tax
Withholding
lawyer
for
legal
implications.
• Local
Tax
Withholding
If
you’re
drawing
a
salary
from
your
Many
business
structures
have
business
(because
you’re
setup
as
a
However,
you
may
not
have
realized
not
only
different
tax
costs
and
corporation),
you
can
pretty
much
that
your
employer
actually
pays
benefits,
but
there
are
also
ignore
this
section
since
the
nine
to
50%
of
your
Social
Security
and
various
legal
implications
to
five
rules
apply.
Medicare
taxes.
When
you
become
certain
business
setups.
self-‐employed,
you
are
now
subject
The
big
thing
to
remember
is
that
to
paying
these
taxes
in
full
(since
Only
a
professional
can
help
you
you’re
only
taxed
on
your
net
you’re
technically
the
employer
and
decide
which
is
best
for
you.
income.
This
is
what
you’d
like
to
employee).
take
home,
but
can’t
because
you
need
to
budget
for
taxes.
You
may
even
need
to
pay
taxes
quarterly,
depending
on
your
situation.
What
Does
This
Look
Like
Individual
Taxpayer
Chart
Now
that
you
have
a
basic
understanding
of
what
the
self-‐
employment
tax
structure
is,
here
is
what
it
looks
like
in
practice
for
an
individual.
Federal
Withholding
(see
charts
at
right):
-‐ 10%
-‐ 15%
-‐ 25%
-‐ 28%
-‐ 33%
-‐ 35%
Married
Taxpayer
Chart
-‐ 39.6%
Social
Security
Withholding:
12.4%
Medicare
Withholding:
2.9%
State
Taxes
(see
chart
on
next
page):
4%
(average)
**
It
is
noteworthy
that
you
currently
can
deduct
50%
of
your
self-‐employment
tax
(15.3%),
which
can
give
you
a
little
break
on
your
total
taxes.
State3Average3Income3Tax3Rates
Alabama 4% Hawaii 7% Massachusetts3 5.25% New3Mexico 3.60% South3Dakota 0%
Alaska 0% Idaho 5% Michigan 4.35% New3York 6% Tennessee 6%
Arizona 3.52% Illinois 5% Minnesota 6.75% North3Carolina 7% Texas 0%
Arkansas 4% Indiana 3.40% Mississippi 4% North3Dakota 3.02% Utah 5%
California 5.80% Iowa 4.92% Missouri 3.80% Ohio 3.42% Vermont 7.18%
Colorado3 4.63% Kansas 5.40% Montana 4% Oklahoma 2.60% Virginia 4%
Conneticut 5.45% Kentucky 4% Nebraska 4.52% Oregon 8% Washington 0%
Delaware 4.70% Louisiana 4% Nevada 0% Pennsylvania 3.07% West3Virginia 5%
Florida 0% Maine 5.50% New3Hampshire 5% Rhode3Island 4.83% Wisconsin 6.40%
Georgia 4% Maryland 4% New3Jersey 4.60% South3Carolina 4% Wyoming 0%
• For
states
with
multiple
tax
rates,
the
average
tax
rate
of
all
brackets
was
used.
**
These
rates
current
as
of
2012
So
now
that
you
have
some
In
the
$30,000
business,
you’d
pay
In
the
$50,000
business,
you’d
pay
understanding
of
what
tax
rates
look
the
following:
the
following:
like,
let’s
run
through
some
common
scenarios.
Federal
Taxes:
$4,053.75
Federal
Taxes:
$8,428.75
Social
Security:
$3,720
Social
Security:
$6,200
Let’s
say
run
4
different
businesses,
Medicare:
$870
Medicare:
$1,450
each
that
net:
State
Taxes:
$1,200
State
Taxes:
$2,000
• $30,000
• $50,000
Total
Taxes
Paid:
$9,843.75
Total
Taxes
Paid:
$18,078.75
• $75,000
• $100,000
That
is
a
total
effective
tax
rate
of
That
is
a
total
effective
tax
rate
of
32.81%.
36.16%.
In
the
$75,000
business,
you’d
pay
I
hope
you’re
starting
to
see
the
Taxes
and
Your
Budget
the
following:
trend
emerging
here.
As
you
continue
to
earn
more
in
your
self-‐ Now
that
you
have
a
basic
Federal
Taxes:
$14,678.75
employment,
you’ll
have
to
pay
more
understanding
of
the
taxes
you’ll
Social
Security:
$9,300
to
the
government
as
a
percentage
of
have
to
pay
while
self-‐employed,
it’s
Medicare:
$2,175
your
income.
time
to
look
back
at
your
budget.
State
Taxes:
$3,000
That’s
why
many
tax
experts
If
you
want
to
take
home
the
same
Total
Taxes
Paid:
$29,153.75
recommend
self-‐employed
income
that
you’re
currently
individuals
save
50%
of
their
net
bringing
in
via
a
salary,
you’re
going
This
is
a
total
effective
tax
rate
of
income
in
a
“tax
account”
so
that
they
to
have
to
earn
roughly
10%
more
38.9%.
will
always
have
enough
money
than
you’re
currently
making.
available
to
be
able
to
pay
their
tax
Finally,
in
the
$100,000
business,
bills.
This
is
because
you’re
going
to
have
you’d
pay
the
following:
to
pay
7.65%
more
taxes
than
you’re
Just
for
comparison,
if
you
were
currently
paying,
PLUS
you’re
going
Federal
Taxes:
$21,293.25
working
and
had
a
salary
of
to
have
to
pay
regular
taxes
on
the
Social
Security:
$12,400
$100,000,
your
total
taxes
paid
additional
income
you’re
working
on
Medicare:
$2,900
would
only
be
$32,943.25,
which
is
a
to
make
up
the
difference!
State
Taxes:
$4,000
savings
of
$7,650.
Interact
Total
Taxes
Paid:
$40,593.25
Just
one
of
the
many
joys
of
being
self-‐employed!
Join
the
discussion
on
small
business
This
is
a
total
effective
tax
rate
of
taxation.
Share
your
thoughts
on
40.59%.
social
media
using
the
hashtag
#QuitterStep3
You
have
to
earn
10%
more
being
self-‐employed
to
earn
the
same
amount
you
would
on
salary.
Step
4:
Insurance
Look
For
Options
First
Health
Insurance
Another
area
where
self-‐employed
Before
I
get
into
the
details
of
finding
There
are
three
main
ways
to
go
individuals
have
to
go
out
on
their
insurance
when
self-‐employed,
I
about
getting
health
insurance
when
own
is
with
insurance.
want
to
remind
you
that
you
may
you’re
self-‐employed:
have
options
when
making
the
1. Join
a
Professional
Group
When
you
work
for
a
company,
you
transition.
2. Buy
Your
Own
Policy
typically
get
a
cafeteria
plan
where
3. Start
Your
Own
Group
Plan
you
can
choose
a
variety
of
different
I’ll
cover
this
more
in
Section
3
–
insurance
options.
Planning
Your
Exit,
but
I
want
to
First,
many
professional
groups
put
highlight
that
you
may
be
able
to
get
together
group
insurance
policies
Depending
on
your
needs,
this
can
continuing
benefits
from
your
that
they
offer
their
members.
For
include:
current
employer.
example,
The
National
Association
• Health
for
the
Self-‐Employed
and
The
• Dental
You
may
also
be
able
to
get
on
Freelancers
Union
are
two
• Vision
someone
else’s
insurance.
If
you’re
organizations
that
offer
insurance
to
• Short-‐Term
Disability
married
and
your
spouse
works,
you
their
members.
• Long-‐Term
Disability
could
be
on
that
plan.
If
you’re
under
• Life
Insurance
26,
you
can
join
your
parent’s
plan.
If
you’re
over
50,
the
AARP
also
offers
insurance
to
its
members.
What
may
surprise
you,
as
you
If
you
don’t
have
any
options,
that’s
Also,
if
you’re
a
member
of
Costco,
transition
towards
self-‐employment,
okay.
We’ll
cover
what
you
need
to
they
offer
health
insurance
in
several
is
that
employers
typically
cover
know.
Realize,
that
even
if
you
have
states.
about
70%
of
the
cost
of
insurance.
options,
it’s
good
to
budget
for
the
That
means
that
your
payroll
true
cost
of
insurance
anyway.
The
next
option
is
to
just
buy
your
deductions
are
really
only
about
30%
own
insurance
policy
on
the
open
of
the
true
cost
of
insurance.
market.
If
you
are
in
good
health,
you’d
be
surprised
that
many
policies
offer
good
coverage
at
competitive
prices.
You
can
compare
a
variety
of
amount
in
your
emergency
fund
that
Dental
insurance
options
at
healthcare.gov
you
setup
in
Step
1.
or
at
healthcompare.org.
Dental
is
much
more
affordable,
so
Finally,
depending
on
your
business
even
if
you’re
self-‐employed,
you’re
When
looking
at
health
insurance,
setup,
you
could
setup
a
small
not
going
to
pay
much
more
than
you
you
need
to
look
at
three
key
aspects:
business
group
plan.
If
you
hire
an
would
at
your
old
employer.
1. Monthly
Premiums
employee,
you
could
become
eligible.
2. Deductibles
Many
self-‐employed
small
business
You
can
buy
dental
plans
directly,
or
3. Out
of
Pocket
Maximum
owners
hire
their
spouses,
and
by
through
professional
groups
as
doing
so,
can
get
a
group
health
mentioned
earlier.
Costco
also
does
The
variation
on
these
three
metrics
insurance
policy.
offer
dental
to
its
members
as
well.
is
what
decides
your
overall
cost.
Hiring
an
employee
requires
a
lot
of
You
can
expect
to
pay
about
$20
for
If
you’re
in
excellent
health
and
use
other
structures
in
place,
including
an
individual
and
$40
for
a
family
per
little
healthcare,
you
may
want
to
get
specific
business
types,
so
make
sure
month.
a
plan
with
low
monthly
payments.
that
you
consult
with
a
tax
and
legal
However,
the
lower
the
monthly
professional
before
going
this
route.
Vision
payments,
the
higher
the
deductibles,
so
if
you
do
need
care,
you’ll
pay
While
it
could
save
you
money,
it
Vision
coverage
is
very
similar
to
more.
could
also
cost
you
a
lot
more
money
dental.
You’re
going
to
pay
about
if
you
don’t
do
it
correctly!
$15
per
month
for
an
individual,
or
Always
look
for
plans
with
an
out
of
about
$30
per
month
for
a
family.
pocket
maximum
of
no
more
than
The
bottom
line
is
that
if
you’re
in
$5,500.
You
can
get
a
lot
of
great
good
health,
you’re
probably
going
to
Vision
care
isn’t
that
expensive,
so
plans
in
this
range.
pay
about
$400
per
month
in
you
may
not
even
want
to
get
insurance
premiums,
not
counting
insurance
coverage
if
you
don’t
Remember,
that
is
also
the
most
any
office
visits
you
may
have.
Make
typically
buy
glasses
or
contacts
you’ll
pay
each
year
for
healthcare,
sure
you
add
that
into
your
budget.
regularly.
so
make
sure
you
have
at
least
that
Disability
Insurance
once
per
second.
In
fact,
nearly
have
a
policy
premium
of
around
18.5%
of
Americans
are
currently
$125
per
month.
Disability
insurance
is
a
tough
one
living
with
a
disability.
for
many
self-‐employed
entrepreneurs…
It
is
probably
the
That
should
be
a
real
wake-‐up
call
to
most
overlooked
insurance
product,
entrepreneurs
and
solopreneurs.
but
also
probably
one
of
the
most
Given
that,
when
you’re
self-‐
Short
vs.
Long
Term
Policies
important.
employed,
you
personally
are
your
sole
source
for
income
(and
possibly
-‐
Short
Term
policies
are
typically
for
Disability
insurance
is
designed
to
for
your
family),
ensuring
that
you
period
of
less
than
90
days
provide
a
certain
level
of
income
protect
that
income
source
is
should
some
type
of
disability
essential.
-‐
Long
Term
policies
are
typically
for
prevent
you
from
working.
periods
of
2
to
5
years
Since
accidents
can
happen
at
any
Typically,
the
policies
will
replace
time,
you
don’t
want
something
-‐
Both
types
of
policies
have
waiting
anywhere
from
40-‐80%
of
your
outside
of
your
control
impairing
periods
before
the
insurance
income,
depending
on
how
much
of
a
your
ability
to
earn
money
and
company
will
pay
the
monthly
premium
you’re
willing
to
pay.
provide
for
your
family.
payment
to
replace
your
income.
A
short-‐term
policy
is
typically
7
days,
Examples
of
disabilities
that
this
type
However,
disability
insurance
isn’t
while
a
long-‐term
policy
is
typically
of
insurance
covers
includes:
cheap,
and
that
is
why
it
slips
by
a
lot
90
days.
This
is
where
an
emergency
physical
illness
or
condition
and
of
self-‐employed
individuals.
fund
can
very
useful.
mental
illness
or
disorders.
This
can
be
as
basic
as
a
bad
illness,
like
On
average,
you
can
expect
to
pay
1-‐
pneumonia,
to
something
more
3%
of
your
annual
salary
towards
permanent,
like
a
car
accident
that
your
disability
insurance
premiums.
causes
paralysis.
If
you
want
to
replace
80%
of
your
Statistics
show
that,
in
the
United
$50,000
income,
you
would
probably
States,
a
disabling
accident
occurs
Life
Insurance
types
of
insurance
we’ve
already
nest
egg.
That
means
if
you
die,
your
discussed.
passing
won’t
financially
impact
your
Life
insurance
is
another
one
of
those
family.
insurance
policies
that
nobody
likes
When
considering
life
insurance,
to
talk
about
but
is
vitally
important.
there
is
only
one
type
of
policy
you
So,
how
much
life
insurance
do
you
Death
happens…
Let’s
face
facts.
should
look
at:
term
life
insurance.
need?
It
really
depends
on
your
expenses
and
the
income
you’re
Now,
how
can
you
protect
your
Term
insurance
is
the
most
pure
trying
to
replace.
family
if
you’re
a
self-‐employed
form
of
insurance,
and
works
best
for
entrepreneur
and
die?
That
is
why
most
situations.
Just
like
it
sounds,
it
I
prefer
to
look
at
life
insurance
from
life
insurance
is
so
important.
provides
a
set
amount
of
death
the
expense
side.
I
would
take
all
of
benefit
over
a
certain
term.
your
debts,
and
then
add
it
to
10
If
you’re
single
and
have
nobody
that
years
of
expenses.
This
is
probably
a
relies
on
your
income,
you
can
For
example,
you
can
purchase
a
good
estimate
of
how
much
probably
skip
over
this
part.
You
$1,000,000
policy
for
30
years.
That
insurance
you
need.
don’t
really
need
life
insurance
at
means
if
you
die
within
30
years,
this
stage,
but
you
may
want
to
read
your
beneficiaries
will
receive
For
example,
if
you
have
a
$200,000
on
because
things
do
change.
$1,000,000.
mortgage,
and
your
annual
expenses
are
about
$30,000,
you
should
If
you
do
support
a
wife
and
kids
The
premise
of
“the
term”
is
that
it
probably
get
a
$500,000
life
with
your
self-‐employed
income,
or
lasts
long
enough
to
get
you
through
insurance
policy.
plan
to,
it
is
important
that
you
have
to
the
point
where
your
family
won’t
a
life
insurance
policy
as
a
back-‐up
rely
on
your
income.
30
years
works
Why
10
years?
Well,
grieving
takes
plan
in
case
something
happens
to
well
for
many,
because
if
you
get
it
in
time.
Do
you
want
to
force
your
you.
your
late
20s,
early
30s,
it
will
last
family
to
have
to
make
major
life
into
your
late
50s
or
early
60s.
changes
in
a
year?
Two
years?
You
The
great
thing
about
life
insurance
just
don’t
know…
is
that
it
is
relatively
cheap,
By
that
point
in
your
life,
your
kids
especially
compared
to
the
other
will
have
grown
up,
and
you’ll
This
is
a
good
time
to
err
on
the
side
hopefully
already
amassed
a
nice
of
caution.
The
other
approach
to
life
insurance
Notes
Interact
is
to
look
at
the
income
you’re
trying
to
replace.
If
you
make
$50,000
per
Figuring
out
your
individual
Once
you’ve
looked
at
the
insurance
year,
take
that
salary
and
multiple
it
insurance
needs
can
be
tough.
And
options
that
best
suit
your
needs,
by
10
years.
It
also
gets
you
to
a
you
may
not
think
that
getting
share
them.
Start
a
conversation
$500,000
life
insurance
policy.
insurance
is
necessary.
with
us
and
other
future
self-‐
employed
individuals
by
using
the
I’m
not
as
much
of
a
fan
of
this
Well,
the
point
of
insurance
is
to
hashtag
#QuitterStep4.
approach
since
income
is
variable,
prepare
for
the
unexpected.
So,
cross
while
many
expenses
are
fixed.
If
your
fingers
you
never
need
to
use
it.
you
can
eliminate
debt
with
the
life
But,
should
you
ever
find
yourself
in
insurance
payout,
you
can
also
lower
a
situation
when
you
do,
you’re
going
expenses
in
the
future.
to
be
unbelievably
thankful
that
you
put
the
time
in
upfront
to
plan
for
it.
So,
how
much
can
you
expect
to
pay
for
life
insurance?
Well,
for
a
healthy
Speaking
of
time,
insurance
only
male,
you
will
probably
pay
about
takes
a
little
bit
of
time
to
setup.
$100
per
month
for
a
$1,000,000
Once
you
have
your
policies
in
place,
term
life
insurance
policy.
you
never
have
to
think
about
them
again.
This
is
more
than
you
would
have
paid
with
a
group
policy
with
your
This
is
a
great
step
to
take
before
employer,
but
it’s
relatively
a
small
even
making
the
jump
to
self-‐
price
to
pay
to
protect
your
family.
employment.
You
can
easily
get
life
insurance
and
disability
insurance
If
you
want
to
know
more
about
life
before
becoming
self-‐employed.
You
insurance,
check
out
the
Life
can
also
do
your
research
on
the
best
Insurance
Movement.
health
insurance
plans
for
you
and
your
family.
Step
5:
Retirement
Planning
These
are
all
questions
you
have
to
any
retirement
plans
for
your
ask
yourself…
business.
Finally,
the
last
thing
you
need
to
consider
when
thinking
about
self-‐ But,
for
now,
let’s
stick
to
the
SEP-‐IRA
employment
is
retirement
planning.
financial
side
of
retirement
planning.
The
SEP-‐IRA
is
the
go-‐to
retirement
For
some,
this
will
be
decades
away.
The
bottom
line
is
that
you
have
to
savings
account
for
one-‐man
For
others,
it
could
be
close
–
within
save
for
your
own
retirement
when
businesses.
If
you’re
a
self-‐employed
a
few
years.
you’re
self-‐employed.
There
is
no
entrepreneur,
this
can
be
a
good
company
that
can
help
you.
So
you
choice
for
you.
Retirement
is
a
tough
one
for
the
need
to
setup
systems
early
to
help
self-‐employed
for
several
reasons.
you
save
for
retirement.
You
can
contribute
up
to
as
much
as
25%
of
your
net
income,
up
to
a
First,
it’s
another
area
that
an
Options
for
Saving
for
Retirement
maximum
of
$49,000.
employer
typically
took
care
of
the
bulk
of
the
work
for
you.
An
The
great
thing
about
being
self-‐ The
great
thing
about
this
is
that,
like
employer
would
have
a
401k
plan,
or
employed
is
that
you
actually
have
a
any
other
IRA,
you
have
until
April
maybe
a
pension,
and
would
lot
of
options
when
it
comes
to
15
to
fund
your
account.
That
means
automate
the
process
of
saving
for
vehicles
for
saving
for
retirement.
you
can
file
your
taxes,
and
make
a
retirement.
larger
contribution
to
trim
your
tax
The
main
options
are:
bill.
Second,
there
is
a
business
aspect
to
• SEP-‐IRA
retirement
–
if
you
are
your
business,
• Solo
401k
Another
huge
plus
is
that
what
happens
when
you
retire?
• SIMPLE
IRA
contributing
to
a
SEP-‐IRA
won’t
Does
your
business
die?
Are
you
interfere
with
your
contributions
to
a
going
to
sell
it?
Is
your
business
Once
again,
this
isn’t
tax
advice,
and
401k
plan.
That
means
if
you’re
setup
so
it’s
on
autopilot
and
you
just
some
of
these
options
require
special
starting
your
business
on
the
side
have
to
check
in
from
time
to
time?
business
structures,
so
make
sure
while
working
full
time,
you
can
still
that
you
consult
with
both
a
lawyer
take
advantage
of
your
employer’s
and
an
accountant
before
setting
up
plan
while
building
your
own
Because
of
the
high
contribution
SIMPLE-‐IRA
business.
limits,
this
plan
is
best
for
entrepreneurs
who
make
a
lot
and
Finally,
the
third
option
is
the
The
only
drawback
to
the
SEP-‐IRA
is
are
able
to
save
it.
SIMPLE-‐IRA.
This
is
also
known
as
if
you
ever
hire
employees.
The
IRS
the
Savings
Incentive
Match
Plan
for
views
the
money
you
put
into
the
There
will
typically
be
fees
Employees.
SEP-‐IRA
as
an
employer
associated
with
setup
and
annual
contribution,
so
if
you
hire
workers,
maintenance,
but
they’ll
be
low
for
a
This
is
the
ideal
plan
for
businesses
you
have
to
contribute
the
same
small
business
or
self-‐employed
that
have
employees
and
want
to
amount
to
their
SEP-‐IRAs
too.
business.
offer
them
a
plan
as
a
perk
(that
you
However,
for
the
solopreneur,
this
can
also
possibly
take
advantage
of).
doesn’t
really
matter
Also,
just
like
a
regular
401k,
you
can
always
borrow
from
your
Solo
401k,
This
is
designed
for
small
businesses,
Solo
401k
although
it’s
not
recommended.
mandatory
less
than
100,
but
ideally
less
than
10.
The
Solo
401k
can
be
a
good
choice
The
biggest
drawbacks
of
the
Solo
for
business
owners
who
have
401k
are
that
only
the
self-‐employed
You
can
make
contributions
of
up
to
significant
earnings
they
want
to
business
owner
and
a
spouse
can
$11,500
pretax,
or
$14,000
if
you’re
save.
participate.
50
or
older.
There
aren’t
any
income
restrictions,
and
your
contributions
With
a
solo
401k,
as
an
employee,
Also,
if
you
have
a
401k
at
your
nine
are
tax
deductible.
you
can
save
$16,500.
Then,
as
the
to
five
job,
you
may
already
be
employer,
you
can
contribute
contributing
the
max.
The
IRS
limits
Inside
the
account,
your
investments
another
25%
of
compensation,
up
to
apply
to
all
401k
contributions,
so
if
grow
tax
deferred,
just
like
any
other
a
maximum
of
$49,000.
Then
there’s
you’re
depositing
$16,500
at
work,
IRA.
the
catch-‐up
contribution
if
you’re
50
you
can’t
deposit
any
more
being
or
older,
which
is
another
$5,500.
self-‐employed.
As
the
employer,
you’re
generally
That
means
you
can
save
a
total
of
required
to
match
the
employee
$54,500
in
a
Solo
401k
per
year.
contribution
up
to
3%
of
the
employee’s
salary
dollar-‐for-‐dollar.
This
can
make
it
burdensome
for
that
steady
income
and
make
sure
small
firms.
that
you
save
for
the
future.
You
should
also
note
that
this
plan
Yes,
you
have
Social
Security,
but
isn’t
for
side
jobs.
You
can’t
each
year
the
benefits
are
less
and
contribute
to
the
plan
if
you’ve
less,
and
the
age
to
start
gets
higher
already
maxed
out
employee
and
higher.
contributions
to
a
401k
at
your
day
job.
If
you’re
young
now,
the
best
thing
you
can
do
is
start
saving
for
Notes
retirement.
And
there
is
no
better
way
to
do
it
than
with
these
Many
entrepreneurs
and
small
retirement
account
options.
business
owners
dismiss
saving
for
retirement.
Not
only
do
you
save,
but
also
you
can
lower
the
taxes
that
you
would
In
fact,
when
I
interviewed
several
pay
for
your
business.
It
is
win-‐win.
high-‐profile
self-‐employed
bloggers,
several
of
them
said
they
were
Interact
postponing
saving
for
retirement.
Have
you
started
saving
for
I’m
a
firm
believer
that
it
isn’t
a
retirement
with
your
side
hustle?
If
smart
move
to
NOT
save
for
so,
share
your
story
with
us
using
the
retirement.
You
can
work
your
hashtag
#QuitterStep5.
hustle,
and
you
may
never
make
it
huge.
There
is
nothing
wrong
with
being
self-‐employed
and
making
steady
income.
You
just
have
to
budget
with
Stage
1
Recap:
Putting
All
The
The
Numbers:
Added
Costs
of
Other
Expenses
To
Keep
In
Mind
Financial
Costs
Together
Being
Self-‐Employed
Another
thing
to
keep
in
mind
is
that
When
you
quit
your
day
job,
you
can
amount
you
need
is
net
expenses.
As
Wow,
that
was
a
lot
of
personal
reasonably
expect
to
pay
the
such,
you
may
need
to
gross
much
finance
for
an
“entrepreneurial”
following:
more,
depending
on
how
many
checklist…but
I
hope
you
see
the
• Taxes:
Add
7.65%
expenses
your
business
will
have.
value
in
really
assessing
your
own
• Health
Insurance:
$400-‐
finances
before
moving
to
self-‐ $1,000
per
month
One
of
the
perks
of
running
a
web-‐
employment.
• Dental
Insurance:
$20
per
based
business
is
that
expenses
are
month
very,
very
low,
relatively.
The
If
your
dream
is
to
beat
the
nine
to
• Life
Insurance:
$100
per
biggest
expense
is
typically
your
own
five
and
be
a
solopreneur,
you
can
month
time.
shatter
your
own
dream
very
quickly
• Disability
Insurance:
$125
per
if
you
don’t
master
these
basic
month
Keep
this
in
mind
as
we
move
personal
finance
skills.
• Saving
For
Retirement:
Add
through
the
next
stages.
5%
But
it’s
even
more
important
to
look
at
how
your
expenses
change
when
If
you
bring
home
$100,000
with
you
become
an
entrepreneur
and
benefits
at
your
nine
to
five
job,
you
work
for
yourself.
will
realistically
need
to
earn
about
$120,000
in
self-‐employment
to
bring
home
roughly
the
same
amount.
Pretty
soon,
you’ve
got
40
clients
and
Step
6:
Starting
to
Side
Hustle
months
worth
of
work.
Note:
There
are
2
Kinds
of
Beating
the
nine
to
five
workweek
This
is
the
time
when
you
have
to
Entrepreneurs
and
becoming
an
entrepreneur
make
a
decision…do
I
make
the
jump
typically
means
you’re
going
to
side
to
self-‐employment
or
continue
to
I
j ust
wanted
t o
chime
in
h
ere
to
hustle
to
make
things
happen.
side
hustle?
note
that
there
are
two
different
kinds
of
entrepreneurs:
What
is
a
Side
Hustle?
Only
you
can
make
that
decision,
but
1. Those
who
build
businesses
hopefully
continuing
through
this
while
working
A
side
hustle
can
be
anything
–
checklist
will
build
you
some
2. Those
whose
only
job
is
anything
that
makes
money
on
the
confidence.
building
businesses
and
side
of
your
normal
job.
This
is
how
engaging
in
start-‐ups
99%
of
workers
turned
How
Do
I
Get
Started
Side
The
Quitters
Checklist
is
targets
entrepreneurs
start.
They
create
Hustling?
towards
#1
–
people
who
have
jobs
something
outside
of
work,
build
it,
and
are
looking
to
quit.
grow
it,
and
then
make
the
leap
to
For
some
readers,
maybe
the
leap
to
doing
it
full
time.
self-‐employment
is
appealing,
but
#2
may
find
some
of
this
useful,
you
don’t
have
a
side
hustle
yet.
but
they
usually
already
have
a
Many
side
hustles
are
passions
smorgasbord
of
ideas
and
are
turned
businesses.
For
example,
That’s
okay
as
well!
We’re
here
to
looking
for
ways
to
make
them
big.
maybe
you
enjoy
fiddling
with
help
you
find
your
passion,
see
if
you
websites
in
your
spare
time.
Then,
can
build
a
business
out
of
it,
and
Don’t
fret
–
I’m
a
believer
that
your
friend
finds
out,
wants
you
to
make
a
side
hustle
turn
into
more
#1’s
build
long-‐term
success
help
them,
and
you
build
them
a
entrepreneurship!
than
#2’s,
simply
because
of
gorgeous
website.
Soon,
your
friend
patience
and
planning.
tells
two
other
business
acquaintances,
and
through
word
of
mouth,
your
service
starts
to
grow.
Task:
Figuring
Out
a
Side
Hustle
Here’s
a
simple
list
I
put
together:
4. I
like
teaching
others
about
1. Money/Finance
money
and
finance
This
is
a
task
a
lot
of
beginners
2. Entrepreneurship
5. By
helping
others,
I
can
help
struggle
with.
If
you’re
already
side
3. Leadership
them
experience
what
I
get
hustling
and
looking
for
more,
skip
to
4. Integrity
from
money
Step
7.
Otherwise,
here
is
a
nice
5. Sex
framework
to
start
figuring
out
a
side
6. Action
Movies
That
may
sound
pretty
generic,
but
it
hustle
for
you.
7. Building
Things
can
give
you
some
great
insight.
8. Food
If
you
don’t
have
a
side
hustle
and
If
I
were
to
do
the
same
thing
for
#6
want
to
start
something,
I
highly
I
hope
you
can
see
that
the
list
can
be
Action
Movies,
it
could
be
something
suggest
finding
something
you’re
anything.
It
can
be
things,
it
can
be
like
this:
passionate
about.
ideas.
The
goal
isn’t
to
come
up
with
1. They
keep
me
entertained
a
definitive
idea,
but
rather,
to
see
2. My
favorite
movies
of
all
time
There
has
always
been
a
perpetual
what
you’re
passionate
about.
are
action
movies
debate
between
passion
and
profit
–
3. I
like
talking
to
others
about
can
you
have
both?
I
believe
you
can,
After
you
have
your
list
of
7-‐10
the
movies
with
some
exceptions
and
things
you’re
passionate
about,
4. …
limitations.
choose
the
first
one
and
break
down
5. …
5
more
things
that
emotionally
call
To
start,
on
a
piece
of
paper,
or
using
you
to
it.
(Notice
I
didn’t
choose
#5
When
doing
this
for
action
movies,
I
some
mind
mapping
software
(see
for
this
exercise).
could
really
think
of
anything
else
for
Notes),
write
down
7-‐10
things
that
4
or
5.
That’s
okay
too!
You
learn
you’re
passionate
about.
They
can
be
Money/Finance:
something
from
that
as
well.
anything
–
seriously.
1. I
like
it
2. Other
people
like
it
If
you’re
finding
you
can’t
fill
in
five
Don’t
be
shy,
be
honest
with
yourself
3. A
lot
of
people
don’t
know
a
sub-‐topics
for
your
main
passions,
about
things
you
love
and
are
lot
about
how
money
and
you
might
want
to
go
back
and
look
passionate
about.
finance
things
work
at
your
passions
again,
and
re-‐
evaluate.
Now
that
you
have
a
good
idea
of
Anyone
can
do
anything,
but
how
I’m
not
going
to
re-‐invent
the
wheel
your
passions,
and
have
elaborated
will
you
profit?
on
finding
your
unique
selling
on
them,
can
you
think
of
businesses
proposition,
so
instead,
check
out
around
those
ideas
that
you
would
This
is
the
exception
to
follow
your
this
link
to
Think
Traffic’s
Guide
To
enjoy
doing?
passion.
Passions
are
great,
but
what
Finding
Your
Unique
Selling
are
you
going
to
do
to
convert
your
Proposition.
Going
back
to
mine
around
love
of
something
into
profit.
Money/Finance:
Finally,
I
would
note
that
even
if
you
1. Build
a
blog
around
what
I’m
If
you’ve
never
watched
the
follow
your
passion,
build
a
side
doing
in
personal
finance
and
Underwear
Gnome
video,
I
highly
hustle,
and
have
something
amazing,
sell
advertising,
or
eventually
recommend
it,
as
it
illustrates
this
it
still
might
not
be
enough
to
get
you
my
own
product
point
perfectly
(link
is
in
the
notes).
to
your
end
goal
of
beating
the
nine
2. Write
a
book
about
personal
to
five.
finance
and
sell
it
The
premise
is
that
you
lose
your
3. Trade
stock
and
make
a
living
underwear
in
the
wash,
and
never
Up
next
we’ll
talk
about
from
the
income
find
it
again.
The
reason
is
the
understanding
your
market
so
that
4. Freelance
write
about
finance
underwear
gnomes
are
stealing
you
can
realize
your
goals.
topics
them.
Why
are
they
stealing
them?
5. Become
a
CFA
or
similar
and
To
make
a
profit.
Finally,
after
help
others
with
their
accumulating
millions
of
pairs
of
personal
finances
for
a
fee
underwear,
someone
finally
asks,
how
are
we
actually
going
to
make
This
one
can
be
a
bit
more
biased
the
profit?
Silence….
than
you
last
answers,
because
now
we’re
getting
into
the
business
side
There
are
some
passions
that
may
of
side
hustling.
not
make
a
profit
unless
you
can
provide
a
unique
selling
proposition
Anyone
can
start
a
blog,
but
HOW
are
for
your
passion.
you
going
to
make
money
from
it?
Notes
Hang
in
there.
It
takes
love,
patience,
time,
and
effort,
but
it
can
be
done.
THIS
IS
THE
HARDEST
STEP
OF
THE
QUITTER’S
CHECKLIST.
I
wanted
to
highlight
a
resource
for
ideas
and
stories
you
may
find
I
can’t
stress
that
enough.
It’s
also
useful:
Budgets
are
Sexy
–
Side
the
step
that
I
can
help
you
the
least
Hustle
Series.
That’s
a
great
in.
Everyone
is
unique.
Every
idea
is
collection
of
stories
about
people
all
unique.
Even
already
done
ideas
can
over
doing
random
side
hustles
to
have
unique
spins
that
make
them
make
money.
Some
won’t
be
wildly
successful.
anything
more
than
side
gigs,
while
others
have
already
become
full-‐
Just
look
at
how
many
hamburger
fledged
businesses.
restaurants
there
are
across
the
country,
or
even
in
your
own
city.
A
Here’s
the
underwear
gnome
video:
hamburger
is
pretty
simple
–
buns,
Solid
Profit
Plans.
ground
beef,
some
toppings…But
so
many
places
have
their
own
unique
Interact
spin
that
make
them
successful.
Welcome
to
the
first
step
in
Stage
2.
Developing
your
side
hustle
also
If
you
have
a
side
hustle,
we’d
love
to
takes
time.
This
is
also
the
probably
hear
about
it.
If
you’re
still
the
longest
part
of
the
quitters
developing
one,
share
your
progress.
checklist.
If
you
already
feel
like
Share
your
story
using
the
hashtag
you’ve
mastered
this
step,
the
rest
is
#QuitterStep6.
pretty
easy.
It
may
require
some
fine-‐tuning.
If
you’re
just
starting,
you
may
feel
like
it’s
daunting.
Step
7:
Understanding
Your
Market
Finding
Your
Market
questions.
Ask
them
to
point
you
towards
similar
sites
or
people.
Ask
Too
many
entrepreneurial
guides
So,
going
back
to
your
side
hustle
them
who
they
read,
follow,
engage
miss
the
mark
on
talking
about
your
idea,
you
need
to
understand
how
to
with,
etc.
target
audience,
or
market.
Maybe
find
your
market.
You
could
have
an
it’s
because
they’ve
already
nailed
it,
amazing
idea,
and
people
could
want
Get
as
big
a
picture
of
the
market
as
or
it’s
innate,
but
regardless,
I
your
idea,
but
if
you
can’t
connect,
possible.
wanted
to
quickly
discuss
the
you
fail.
importance
of
understanding
your
For
example,
if
your
market
is
digital
market,
and
how
it
can
make
the
So,
you
need
to
search
your
market
landscape
photography,
look
for
the
difference
between
success
of
your
out.
This
can
be
done
online
and
following:
side
hustle
or
failure
to
make
it
as
an
offline,
and
it’s
something
that
I
• Photography
Websites
entrepreneur.
failed
to
do
early
on,
so
I
really
want
• Photography
Tutorial
Sites
to
stress
this
point.
(see
who
made
the
tutorial
This
is
something
that’s
taken
me
a
and
connect)
very,
very
long
time
to
understand,
Online,
find
your
target
audience
in
a
• Photography
Forums
and
I’m
still
no
expert.
I
blogged
for
few
ways:
• Photography
Social
Media
2
years
at
The
College
Investor
and
• Find
similar
websites
Groups
had
little
success.
Finally,
I
found
• Find
forums
• Photography
Questions
on
some
help
through
a
blog
network,
• Find
Q&A
from
people
(i.e.
Quora
and
that
got
me
going
in
the
right
Quora)
Once
you’ve
found
some
related
direction.
However,
it
still
took
• Utilize
Social
Media
sites,
connect
with
site
owners.
another
year
and
a
half
before
I
(Facebook
Groups,
LinkedIn
Participate
in
the
forums,
build
your
really
figured
out
my
market
AND
Groups)
reputation
in
your
target
market.
how
to
connect
with
them.
Really
and
truly
understand
their
The
bottom
line
is
you
need
to
search
needs,
wants,
desires,
etc.
for
your
audience.
Once
you
think
you’ve
found
people
with
similar
This
will
help
you
tremendously
with
interests,
take
it
to
the
next
level,
and
the
next
part.
connect
with
them.
Ask
them
Connecting
With
Your
Target
product
that
sells
that
knowledge,
Market
share
it.
Now,
this
doesn’t
apply
to
everyone,
but
it
applies
to
many
people.
A
lot
Now
that
you’ve
found
them,
you
In
the
end,
people
will
flock
to
your
of
side
hustles
and
entrepreneurs
need
to
connect
with
them
in
a
way
site
and
still
buy
your
product,
even
emerge
in
the
same
field
as
their
nine
that
they
can’t
live
without
you!
though
you’ve
shared
so
much
for
to
five
job.
free.
You
want
them
wondering
what’s
Why?
Because
they
like
it.
AND
next.
You
want
them
to
have
you
be
Think
about
financial
pundits
like
because
they
usually
have
an
idea
to
their
go-‐to
place
for
whatever
you
Dave
Ramsey
or
Suze
Orman.
make
things
better.
have.
They’re
both
on
the
TV
all
the
time
sharing
their
knowledge
and
helping
Jack
Bogle,
the
founder
of
Vanguard,
This
will
make
your
side
hustle
turn
others.
If
you
watch
their
shows,
you
didn’t
invent
the
mutual
fund.
He
into
a
business.
This
will
provide
can
know
their
strategy
within
one
didn’t
do
anything
special
in
the
sustainability
(which
we
will
talk
or
two
episodes.
Yet,
people
still
go
stock
market.
He
liked
investing
and
about
later).
This
will
let
you
profit!
and
buy
their
books
just
to
read
the
he
liked
helping
people.
He
was
same
stuff.
Why?
Because
they
want
frustrated
in
seeing
customers
being
You
can
build
this
relationship
with
more!
They
want
it
on
their
terms.
charged
outrageous
fees
for
things
he
your
target
market
by
building
a
They
want
to
own
it.
didn’t
think
they
needed.
So
he
solid
connection
with
them.
started
Vanguard,
and
created
a
Building
a
solid
connection
with
your
better
product.
And
guess
what,
This
connection
comes
through
trust
target
market
enables
this.
since
he
knew
his
market
so
well,
he
and
integrity.
It
comes
by
selflessly
was
very
successful
-‐
even
in
the
face
helping
others.
Remember,
You’re
Working
Still!
of
adversity
from
power
and
rich
Wall
Street
folk.
Going
back
to
the
photography
That
may
sound
scary
or
difficult
to
example
–
be
the
champion
of
the
do,
but
I
want
to
share
a
secret
with
You
can
apply
that
same
mantra
photography
forum.
Answer
you.
You’re
still
working,
so
you
may
today.
If
you’re
passionate
about
questions,
post
ideas,
share
have
one
of
the
best
target
markets
what
you
do,
you
may
have
an
idea
to
knowledge.
Even
if
you
have
a
that
you’re
already
connected
with.
do
something
better.
You
have
industry
connections,
so
leverage
to
pursue
it,
make
sure
you
read
Step
them.
You
have
intimate
customer
10.
knowledge,
so
use
it!
This
can
be
the
way
to
build
a
solid
connection
with
Interact
your
target
market
that
keeps
them
coming
back.
Hopefully
your
side
hustle
is
really
coming
together
at
this
point
and
Notes
you’ve
gained
some
great
insights.
If
you’ve
already
had
a
side
hustle,
Market
research
is
extremely
hopefully
you’ve
looked
at
market
important.
There
are
so
many
sustainability.
Either
way,
share
strategies
and
schools
of
thought,
but
with
us
your
progress
using
the
the
bottom
line
is
to
just
find
your
hashtag
#QuitterStep7.
market
and
solve
their
problem.
An
easy
way
to
do
this
is
ask
“why”
until
you
can’t
ask
“why”
anymore.
That’s
your
problem.
Easier
said
than
done,
but
it
illustrates
the
point.
I
also
want
to
remind
you
to
be
careful
about
your
employer.
We’re
going
to
discuss
it
more
in
Step
10,
but
you
should
realize
that
there
are
things
you
can
and
can’t
do
when
it
comes
to
your
job.
Market
research
and
thinking
of
a
better
solution
in
your
mind
is
great.
But
before
you
quit
your
nine
to
five
Step
8:
Freelancer
or
Entrepreneur
The
key
difference
between
a
if
I
didn’t
create
new
content,
the
old
freelancer
and
an
entrepreneur
is
content
would
still
get
readers
and
Freelancing
can
be
a
great
side
that
the
entrepreneur
is
building
a
hopefully
earn
revenue.
hustle.
You
can
make
a
lot
of
money
business
that
will
hopefully
become
from
it.
You
could
even
make
enough
self-‐sustaining;
meaning
the
So,
if
you’re
looking
to
beat
the
nine
money
to
quit
your
nine
to
five
in
entrepreneur
can
live
off
the
to
five
in
the
long
run,
build
a
some
cases.
business,
rather
than
having
to
business.
Build
something
continually
commit
labor
to
it.
sustainable
that
will
generate
income
However,
you
should
note
that
being
for
you
in
the
future.
a
freelancer
is
inherently
different
On
the
other
hand,
the
only
way
a
than
being
an
entrepreneur.
This
is
freelancer
gets
paid
is
by
utilizing
his
Task
not
to
diminish
the
work
freelancers
own
labor
to
create
or
do
work.
If
do,
but
rather,
to
highlight
an
the
freelancer
doesn’t
work,
there
Discover
if
you’re
a
freelancer
or
an
important
key
difference
that
you
are
no
residual
profits
coming
in
to
entrepreneur
checklist:
should
consider,
especially
if
you’re
support
the
individual.
thinking
about
leaving
your
nine
to
1. Do
you
get
paid
for
your
five
job.
That’s
why
I’m
a
firm
believer
that
work?
everyone
should
strive
to
be
an
2. Does
your
business
scale?
Freelancer:
Is
somebody
who
is
self-‐ entrepreneur.
Being
a
freelancer
is
a
3. Does
your
business
earn
employed
rather
than
being
great
way
to
get
started.
I
did
it
–
I
money
while
you
are
asleep
committed
to
an
employer
long-‐term.
did
freelance
writing
for
several
or
away?
The
freelancer
does
work
for
a
client
years.
However,
I
soon
discovered
4. Are
you
finding
your
time
to
when
required,
and
is
paid
usually
on
that
freelancing
wasn’t
for
me
be
finite?
a
per
contract
basis.
because
if
I
didn’t
write,
I
didn’t
get
5. Could
you
hire
someone
else
paid.
to
do
the
work
for
you?
Entrepreneur:
A
person
who
organizes
and
operates
a
business,
I
soon
discovered
that
blogging
and
All
of
these
questions
should
guide
taking
on
financial
risk
to
do
so.
online
publishing
was
more
for
me
–
you
to
whether
you
are
a
freelancer
once
I
wrote,
I
continued
to
get
paid
or
entrepreneur.
In
some
cases,
for
the
content
for
a
long
time.
Even
freelancing
is
the
stepping-‐stone
to
He
has
a
podcast
called
Start
Up
entrepreneurship.
School
where
he
talks
about
the
difference
between
freelancing
and
The
important
thing
to
remember
entrepreneurship
in
an
early
with
both
is
time.
With
freelancing,
episode.
you
are
dependent
on
your
time.
If
you
don’t
work,
you
don’t
earn.
With
If
you
want
to
find
out
more,
I
highly
entrepreneurship,
your
time
is
still
recommend
you
check
out
Start
Up
your
biggest
challenge,
but
you
focus
School.
on
different
work
–
work
to
grow
your
business
or
perpetuate
your
Interact
income.
Are
you
a
freelancer
or
If
your
goal
is
to
be
free
–
free
entrepreneur?
Share
your
thoughts
requires
you
to
be
an
entrepreneur.
on
the
topic
using
the
hashtag
If
your
goal
is
a
steady
income
with
#QuitterStep8.
no
boss,
freelancing
may
be
your
calling.
Notes
One
of
the
best
people
to
hear
from
on
the
difference
between
Freelancing
and
Entrepreneurship
is
Seth
Godin.
If
you
haven’t
heard
of
Seth,
he
is
an
entrepreneur
and
writer
who
shares
his
knowledge
with
others.
Step
9:
Business
Structures
repair
business
and
break
someone’s
provides
the
owner
with
a
layer
of
computer,
you
personally
are
liable
legal
protection.
This
is
another
area
that
you
should
for
the
damages.
However,
if
you
consider
getting
expert
advice,
as
it
have
a
business,
the
business
would
The
first
step
in
registering
as
an
LLC
can
get
very
complicated.
Business
be
liable.
is
to
visit
your
secretary
of
state
structures
are
still
argued
about
in
website
for
your
state.
Read
through
the
corporate
world,
so
it
is
With
something
small
like
a
your
state’s
rules
and
requirements
important
that
you
do
your
own
computer,
it
doesn’t
make
much
of
a
for
registering
as
an
LLC
and
homework
and
decide
what
business
difference,
because
you
could
operating
the
business.
In
most
structure
is
right
for
your
individual
probably
afford
to
repair
or
replace
states,
the
income
and
expenses
for
a
situation.
it.
But
what
about
something
bigger?
single
member
LLC
will
flow
through
to
your
own
personal
tax
return,
but
Once
you
choose
one,
you
may
be
What
happens
if
your
business
is
there
are
other
implications
as
well.
able
to
change,
but
it
does
depend
on
sued
for
$100,000?
Can
you
your
business.
personally
afford
to
fight
it
and
pay
if
If
you
are
unsure
of
anything,
speak
you
lose?
This
is
where
a
business
to
your
accountant
and
a
lawyer
Sole
Proprietor
structure
is
helpful.
In
this
scenario,
before
filing.
If
you
are
confident
to
the
business
is
on
the
line.
If
you
fill
out
the
paperwork
yourself,
head
For
many
people
just
starting
out,
a
can’t
pay,
only
the
business
assets
to
the
secretary
of
state
website
and
sole
proprietorship
is
the
way
to
go.
can
be
touched,
so
all
of
your
find
the
form
to
register
as
an
LLC.
This
is
pretty
much
an
informal
personal
savings
are
safe.
business
structure
–
you
just
conduct
S
Corp
or
C
Corp
business
using
your
own
name
and
Limited
Liability
Company
report
it
on
your
taxes.
The
last
business
structure
I
want
to
The
most
common
business
touch
on
is
the
S
Corp
or
C
Corp.
However,
this
can
also
be
the
riskiest
structure
for
entrepreneurs
and
Both
of
these
are
corporations,
type
of
business
structure,
since
you
solopreneurs
is
the
LLC,
due
to
its
where
the
business
also
files
it’s
own
are
personally
responsible
for
flexibility.
An
LLC
is
a
popular
way
tax
return.
everything
that
the
business
does.
to
register
a
business,
as
it
is
For
example,
if
you
run
a
computer
inexpensive,
easy
to
maintain,
and
These
structures
are
different
company.
This
can
make
things
Task
because
you,
as
the
entrepreneur,
more
complicated.
would
be
an
employee
of
your
For
this
step,
it
is
important
to
do
company.
You
would
need
to
have
a
If
you
have
an
LLC,
you
can
elect
to
your
research
on
the
business
payroll
processor
to
pay
yourself,
be
taxed
as
an
S
Corp
if
you
desire.
structure
you’ll
need
to
run
your
and
you
would
need
to
file
a
tax
This
is
one
of
the
many
flexibilities
business
successfully.
return
for
the
company.
that
an
LLC
offers.
Once
again,
it
depends
on
your
personal
situation.
You
may
be
able
to
start
as
a
sole
For
many
people
making
the
jump
to
proprietor,
but
it
may
make
sense
to
entrepreneurship,
this
added
Accounting
choose
an
organizational
structure
as
complication
doesn’t
make
sense.
well.
However,
always
consult
a
As
a
small
business
owner,
you’re
professional
(either
a
lawyer,
also
going
to
need
to
maintain
So,
this
time:
accountant,
or
both)
when
deciding
accurate
records
of
your
business.
1. Choose
a
Business
Structure
which
business
structure
is
right
for
This
is
accounting
(that
class
you
2. Select
an
Accounting
Program
you.
slept
through
in
college).
Notes
Tax
Considerations
There
are
many
programs
that
can
help
with
this,
and
we
provide
a
solid
Both
setting
up
a
business
and
With
a
sole
proprietorship
and
an
reference
guide
in
the
notes.
selecting
an
accounting
program
can
LLC,
the
tax
considerations
are
pretty
be
hard.
However,
there
are
some
easy.
If
you
maintain
basic
The
important
thing
to
remember
is
great
resources
available.
accounting
software,
you
simply
document
everything.
The
more
you
enter
your
profits
and
expenses
on
keep
track
of
during
the
year,
the
For
setting
up
a
business,
you
may
your
tax
return,
Schedule
C.
Nothing
easier
your
taxes
will
be
at
the
end
of
want
to
consider
using
a
service
like
special
or
extra
is
required.
the
year.
Rocket
Lawyer
to
help
you
get
started.
However,
as
I
mentioned
with
the
S
Corp
and
C
Corp,
you
file
a
separate
Accounting
software
can
also
be
hard
business
tax
return
for
your
to
figure
out,
especially
since
many
of
the
most
well-‐known
brands
are
very
Interact
expensive.
Finally,
tell
us
what
business
The
top
of
the
line
accounting
structure
you’re
using
and
what
program
for
small
businesses
is
accounting
software
you
love.
QuickBooks.
You’ve
probably
heard
of
it.
Share
your
thoughts
on
the
topic
using
the
hashtag
#QuitterStep9.
However,
I’ve
found
that
QuickBooks
doesn’t
work
well
for
the
solopreneur.
Why?
Because
it
keeps
you
constrained
to
your
desktop,
or
where
ever
you
installed
it.
I’m
a
huge
fan
of
cloud-‐based
accounting
solutions,
and
I’ve
compiled
a
great
list
of
options
for
you,
including
my
favorite,
Wave
Accounting.
Check
out
the
Best
Online
Cloud
Accounting
Programs
for
more
information.
Step
10:
Be
Aware
of
Your
your
start-‐up
or
side
job.
Plus,
you
company,
even
if
you
work
on
it
Employer
may
have
a
wife
or
family
that
needs
when
you’re
at
home.
your
attention
as
well.
Developing
your
own
side
business
In
these
circumstances,
you
need
to
while
working
is
a
great
way
to
get
You
don’t
want
to
leave
a
nine
to
five
leave
your
job
or
consult
a
lawyer
started
and
have
a
base
before
job,
just
to
come
home
and
be
before
going
forward.
If
you
don’t,
becoming
an
entrepreneur.
working
again
from
six
to
midnight.
you
could
be
sued,
and
you
could
not
However,
there
are
several
When
will
you
see
your
family?
only
lose
a
lot
of
money,
but
your
important
things
you
need
to
be
idea
could
end
up
belonging
to
your
aware
of
when
it
comes
to
your
Maybe
that’s
not
a
priority
for
you,
employer
in
the
end.
employer.
but
you
need
to
take
that
into
strong
consideration.
Burnout
does
happen,
Imagine
developing
the
next
First,
you
need
to
be
sure
that
you
and
it’s
extremely
common
among
Facebook,
only
to
see
your
current
can
still
fully
maintain
the
entrepreneurs
and
freelancers.
company
reap
all
the
benefits.
In
responsibilities
of
your
job.
some
circumstances,
it
could
make
Non-‐Compete
Agreements
sense
to
skip
the
checklist
and
just
go
Second,
you
need
to
make
sure
that
with
the
idea.
there
are
no
conditions
on
your
In
some
industries,
it’s
very
common
employment
that
prevent
you
from
to
have
employees
sign
non-‐compete
However,
for
many
cases,
starting
a
starting
a
side
hustle.
agreements
as
a
condition
of
side
gig
is
not
a
problem
with
employment.
This
usually
occurs
in
employers.
It
just
involves
being
Work
/
Start-‐Up
Balance
the
technology
field,
but
also
in
any
strategic
with
your
time
and
company
that
conducts
research
and
resources.
The
first
thing
you
need
to
take
into
development.
consideration
is
whether
you
can
For
example,
never
work
on
your
fully
handle
all
of
your
The
reason
is
that
the
company
side
business
while
at
work.
Don’t
responsibilities.
This
means
your
wants
your
idea
to
be
theirs.
So,
if
use
company
assets.
Don’t
use
primary
responsibility
to
your
you
work
in
programming
and
company
time.
Doing
so,
even
with
a
current
job,
as
well
as
any
develop
the
next
big
thing
for
non-‐compete
agreement,
could
signal
obligations
that
you
take
on
with
software,
that
belongs
to
the
that
you
were
really
working
on
the
project
for
your
company.
You
could
lose
it
in
the
end.
If
you
have
any
questions
or
Avoiding
The
Career
Detour
concerns,
talk
to
a
lawyer.
You
don’t
Also,
be
mindful
about
freelancing
in
want
to
run
afoul
of
your
company,
Many
technology
companies
have
non-‐
the
same
field
as
your
employer.
If
and
you
don’t
want
to
lose
a
compete
clauses
in
their
employee
you’re
in
healthcare,
don’t
become
a
potential
business
idea
either.
contracts
that
can
last
up
to
two
years.
consultant
for
hospitals
on
the
side.
This
can
be
detrimental
to
starting
a
That
looks
really
bad
and
could
cause
Interact
side
hustle
and
moving
towards
self-‐
conflict
with
your
employer.
employment.
Does
your
workplace
have
a
non-‐
Now,
working
at
Starbucks
as
a
compete
or
other
clause
preventing
There
are
only
three
key
ways
to
avoid
barista
and
launching
a
video
game
you
from
starting
a
side
gig?
Share
the
career
detour:
on
nights
and
weekends
is
probably
your
story!
1. Go
into
a
different
industry
acceptable
under
non-‐compete
2. Develop
a
long-‐term
plan
agreements.
Just
be
mindful
of
your
Share
your
thoughts
on
the
topic
3. Get
out
of
the
non-‐compete
employers’
rules
and
regulations.
using
the
hashtag
#QuitterStep10.
clause
when
you
leave
as
part
of
your
severance
Task
Which
ever
path
you
choose,
you
just
The
task
for
this
step
is
to
find
and
need
to
be
aware
of
the
dramatic
research
your
company’s
policy
and
effects
that
a
non-‐compete
clause
can
procedures
for
starting
a
side
have
on
your
aspirations
to
be
a
business.
See
if
you
have
a
non-‐ solopreneur.
compete
agreement
in
your
employment
contract.
It
can
cripple
you
if
you
don’t
plan
ahead.
If
you
don’t
have
a
contract,
look
at
your
workplace
rules
and
regulations
to
see
what
is
allowed
and
not
allowed.
Step
11:
Sustainability
and
How
many
“entrepreneurs”
or
“small
Consistency
The
Test
of
Time
business
owners”
have
you
spoken
to
or
heard
of
that
have
only
had
one
A
key
aspect
of
quitting
your
job
to
The
other
aspect
you
need
to
business
in
their
lives?
Very
few.
become
self-‐employed
is
being
able
consider
is
time.
If
you’re
30,
do
you
to
sustain
your
momentum
and
really
think
this
business
structure
The
reason
is
change
and
adaptation.
generate
consistent
income
over
and
model
is
going
to
last
you
10
to
Many
people
stay
in
the
same
line
of
time.
20
years?
work
(say,
programming
or
hardware)
but
continually
evolve
Now
that
you’ve
built
a
side
business
Probably
not.
their
business
to
adapt
to
changing
and
are
generating
side
income,
you
business
and
customer
needs.
need
to
really
assess
the
So,
the
real
question
is
do
you
have
sustainability
of
it
before
your
quit
the
skills
to
continually
transform
Just
think
–
what
was
the
Internet
10
your
primary
job.
your
business
over
time
to
continue
years
ago?
Not
much.
Look
at
it
the
same
success
you’ve
encountered
today…
Now,
where
will
it
be
in
A
good
measure
I
have
for
in
12
months.
another
10
year?
Very
hard
to
say.
sustainability
and
consistency
is
12
months.
Can
you
adapt
to
change?
Can
you
Interact
understand
and
read
the
market?
Go
back
to
your
budget
in
Step
2.
Can
you
identify
a
need
and
solve
it?
Share
with
us
how
you’ve
built
a
Look
at
how
much
you
really
need.
If
sustainable
business.
Showcase
your
your
side
business
is
generating
at
These
skills
come
with
building
a
company!
Share
a
link!
least
that
amount,
consistently,
for
successful
business,
but
they
aren’t
over
12
months,
you
have
a
always
the
focus.
Get
in
touch
with
us
using
the
sustainable
business
model.
hashtag:
#QuitterStep11.
I’m
telling
you
now
that
your
skills
However,
that
isn’t
the
only
should
always
be
the
primary
focus,
consideration
that
you
should
have,
above
your
business.
Because
because
even
consistent
business
businesses
come
and
go.
models
need
to
change.
Stage
3:
Planning
Your
Exit
Welcome
to
Stage
3
–
the
critical
part
that
you’ve
been
looking
forward
to.
You’ve
made
it
through
Stage
2
of
the
checklist,
which
was
no
doubt
the
hardest.
Building
a
consistent
and
sustainable
business
is
the
biggest
challenge
that
all
self-‐employed
individuals
face.
It
can’t
be
done
overnight,
and
it
can’t
be
faked
at
all.
Consistent
results
over
time
are
what
make
long-‐term
entrepreneurs
successful,
nothing
else.
But
now
that
you’ve
got
a
business
going,
and
are
reaching
the
point
of
sustainability,
it
is
essential
that
you
start
planning
your
exit.
Don’t
wait
until
one
month
before
you
want
to
leave
to
plan
your
escape.
That
just
sets
you
up
for
failure.
Instead,
exit
planning
takes
time,
patience,
and
a
little
insider
knowledge.
In
this
section
I
want
to
give
you
the
tools
needed
to
exit
your
current
job
successfully.
I’m
putting
it
out
there
right
now
that
I’m
not
the
expert
when
it
comes
to
this.
However,
I’ve
found
some
great
resources
and
partnered
with
some
amazing
people
who
have
done
it,
and
share
their
insider
knowledge.
The
goal,
of
course,
is
to
maximize
your
exit
so
that
you
are
setup
for
success
on
your
entrepreneurial
journey.
Let’s
begin
the
end…
can
be
very
helpful
for
someone
who
essentially
are
being
given
the
Step
12:
Quit
or
Get
Laid
Off
is
making
the
jump
to
self-‐ proverbial
“high
five”
to
go
to
what
employment.
Any
little
extra
boost
you
want
to.
This
is
the
Quitters
Checklist,
can
really
help.
designed
for
people
looking
to
quit
Just
think,
what
if
your
company
paid
their
jobs
and
start
their
Second,
when
you
quit
your
job
you
4
weeks
pay
to
leave.
Wouldn’t
entrepreneurial
careers.
So
why
outright,
you
leave
the
potential
of
that
be
great?
What
if
they
gave
you
does
getting
laid
off
come
into
the
burning
the
bridge
of
your
employer.
health
insurance
for
4
weeks
as
well?
mix?
Not
always,
but
sometimes.
It
really
depends
on
how
your
leave
your
job,
Like
I
said
earlier,
every
little
bit
Because,
you
can
actually
get
your
standing
in
the
organization,
counts
when
you’re
becoming
a
yourself
laid
off.
It’s
true.
The
key
is
and
the
terms
of
your
departure.
solopreneur.
to
identify
how
your
leaving
your
company
is
not
only
beneficial
to
If
you
walk
in
one
day
and
say
you’re
Not
only
could
you
get
these
benefits
you,
but
also
to
your
company.
done,
you
can
pretty
much
bet
that
from
your
company,
but
you
could
you’ve
closed
that
door
for
good.
also
qualify
for
state
and
Federal
Too
many
people
just
quit,
and
you
Plus,
you
never
know
when
key
benefits
as
well.
shouldn’t
do
it
unless
you
have
no
players
in
the
company
may
interact
other
option.
with
you
in
the
future.
You
only
Why
This
Matters
want
people
to
have
an
extremely
Why
Quitting
Sucks
positive
image
of
you
when
you
You
may
be
thinking,
it
doesn’t
leave.
matter,
have
a
great
Just
quitting
without
any
idea/company/product/etc.
And
consideration
is
a
tough
way
to
leave
Getting
Laid
Off
Rules!
you
probably
do.
But
what
if
this
your
employer.
doesn’t
pan
out
in
three
months
and
If
you
want
to
become
an
you’re
struggling?
What
if
you
don’t
First,
when
you
quit
your
job,
you
entrepreneur,
getting
laid
off
is
the
maintain
consistency
and
you
see
don’t
get
any
state
or
Federal
best
way
to
go
about
it.
Not
only
do
your
earnings
disappear?
benefits,
like
unemployment
or
you
part
ways
with
your
old
Cobra.
These
government
programs
company
on
good
terms,
you
This
is
why
quitting
versus
getting
companies
may
not
want
to
hire
you
The
bottom
line
is
how
you
leave
laid
off
matters.
either.
matters!
If
you
get
laid
off,
you’ve
given
I
have
a
story
about
a
guy
who
used
Notes
yourself
an
extra
cushion
to
help
you
to
work
for
me,
who
was
an
okay
if
your
plans
don’t
work
out.
You
got
employee.
Not
great,
but
not
poor
at
Many
of
you
will
not
believe
this
is
more
money
(which
helps),
you
have
all.
He
was
a
strong
contributor,
and
possible,
so
I
wanted
to
highlight
two
benefits,
and
you
have
potential
just
went
about
his
work.
Then,
one
stories:
government
lifelines
to
help
you
day,
he
came
in
and
quit
on
the
spot.
1. Retiring
on
my
Own
Terms
through.
We
asked
why,
and
he
said
that
he
2. I’m
Unemployed
was
“pursuing
other
opportunities
If
you
quit,
you
get
none
of
that.
and
he
wouldn’t
be
working
two
Both
of
these
stories
highlight
the
weeks
or
helping
with
a
transition”.
ability
to
quit
on
your
own
terms.
Plus,
what
happens
if
you
need
to
go
back
to
work?
Not
the
ideal
scenario
Fair
enough,
but
still
left
a
sour
taste
If
you
want
a
great
resource
on
for
someone
who
wants
to
be
an
in
my
mouth.
engineering
your
layoff,
I
highly
entrepreneur,
but
a
very
valid
recommend:
How
to
Engineer
Your
situation
that
could
happen
in
the
Well,
about
three
months
later,
the
Layoff
future.
same
guy
applied
for
his
old
job
back.
And
guess
what,
we
didn’t
even
call
If
you
quit
on
poor
terms,
you
could
him
in
for
an
interview.
Why?
be
in
a
lot
of
trouble.
Not
only
did
Because
apparently
we
didn’t
mean
you
probably
lose
all
chances
of
enough
to
him
in
the
first
place
to
being
rehired
at
the
same
firm,
but
care,
so
why
should
we
return
the
you
may
have
lot
a
lot
of
chances
to
favor.
be
rehired
in
the
same
industry.
Most
people
maintain
industry-‐level
And
this
story
is
incredibly
common
contacts,
and
if
you
left
on
poor
in
most
companies
and
industries.
terms,
word
could
get
out
and
other
Tasks
In
those
cases,
look
at
what
COBRA
or
other
state
programs
may
be
able
If
you’re
planning
to
quit
your
job,
to
offer
you.
you
need
to
complete
these
tasks!
Finally,
buy
How
to
Engineer
Your
First,
you
need
to
research
what
Layoff
and
fully
understand
how
you
benefits
your
company
offers
can
get
a
severance
package
from
employees,
especially
when
it
comes
your
company
to
quit
your
job
and
to
severance
packages.
Many
pursue
your
dreams!
employees
never
even
consider
this,
as
the
word
“severance”
is
always
Interact
used
in
conjunction
with
mass
layoffs
or
downsizings.
Tell
us
how
you
plan
to
engineer
your
layoff.
We
love
great
plans
and
However,
you
may
not
realize
that
stories!
Check
out
the
story
above
in
people
get
severances
at
big,
healthy
the
notes
for
a
great
example!
companies
all
the
time.
Share
your
thoughts
on
the
topic
So,
make
a
friend
in
the
HR
using
the
hashtag
#QuitterStep12.
Department,
talk
to
your
manager
or
other
managers,
and
see
what
types
of
benefits
your
company
offers.
Second,
research
the
potential
state
and
Federal
benefits
that
you
may
qualify
for
if
you
get
laid
off.
Remember
to
look
back
at
your
budget
in
Step
2
and
see
if
you
have
any
true
needs,
like
insurance.
Step
13:
Other
Options
For
Escape
mentioned
in
Step
10,
building
a
non-‐ Notes
competitive
side
business
is
fine.
In
some
circumstances,
you
may
You
may
notice
that
neither
of
these
have
other
options
for
escape.
I
want
The
Personal
Leave
are
permanent
solutions.
You’re
to
highlight
that
these
circumstances
right.
These
are
great
ways,
are
rare,
but
they
may
be
available
to
Some
companies
offer
employees
however,
to
see
if
you
can
make
it
as
you
and
give
you
hope
in
your
personal
leaves
of
absence.
This
is
a
solopreneur
and
having
everything
situation.
similar
to
a
sabbatical,
except
the
dependent
on
yourself.
Use
these
duration
is
shorter,
typically
90
days.
wisely
to
set
yourself
up
for
success.
The
Sabbatical
With
leaves
of
absence,
there
are
Interact
Some
companies
have
formalized
typically
rules
that
you
cannot
work
sabbatical
programs,
while
other
do
while
you’re
away.
Let
us
know
if
you’re
planning
on
not.
taking
a
sabbatical
and
what
you
However,
this
doesn’t
mean
that
you
plan
to
do
while
away!
A
sabbatical
is
typically
a
leave
of
can’t
work
on
an
idea
you
had
or
absence
taken
to
fulfill
a
life
goal,
build
something
up
that
isn’t
a
Share
your
thoughts
on
the
topic
build
a
skill
or
go
to
school,
or
to
do
business.
using
the
hashtag
#QuitterStep13.
research.
Many
people
also
tend
to
combine
sabbaticals
with
travel.
For
example,
a
Personal
Leave
can
be
a
great
time
to
write,
learn
skills
for
The
key
to
the
sabbatical
is
that
it
is
your
business,
or
other
tasks.
While
designed
for
personal
growth.
While
not
directly
working
towards
making
on
a
sabbatical,
you
can
typically
a
profit,
these
things
will
significantly
build
a
business.
However,
you
need
benefit
you
in
the
future
when
you
to
check
with
your
company
first
to
are
self-‐employed.
ensure
that
this
is
allowed.
Many
companies
don’t
allow
you
to
work
for
a
competitor,
but
like
we
Step
14:
Maximizing
Your
Exit
a
lot
of
vacation,
now
is
the
time
to
take
it
before
you
leave.
You
don’t
Also
with
your
401k,
if
your
Finally,
when
it’s
time
to
leave,
you
want
to
quit
with
8
weeks
of
employer
matches
your
contribution,
have
to
maximize
your
exit.
There
vacation,
only
to
find
out
you
get
you
should
try
to
maximize
this
are
some
key
ways
to
do
this,
cashed
out
for
4
weeks
worth.
before
you
leave.
Once
you’ve
regardless
of
whether
you
quit
your
decided
that
you’re
ready
to
quit,
up
job
or
you
get
laid
off.
With
sick
pay,
you
typically
don’t
get
your
contribution
so
your
employer
to
cash
this
out
if
you
quit.
Since
sick
matches
you
more.
Consider
these
things
carefully,
as
pay
is
a
special
program
different
they
directly
relate
to
what
was
from
a
vacation
plan,
your
employer
As
of
writing
this,
the
maximum
discussed
in
Stage
1.
is
not
obligated
to
pay
you
for
contribution
limit
is
$17,500
for
an
unused
time
in
many
circumstances.
employee.
If
you’re
employer
Pay
So,
before
you
leave,
it
may
be
a
good
matches
your
contribution,
that’s
an
idea
to
come
down
with
the
flu
and
extra
$17,500!
Nothing
to
scoff
at!
When
it’s
time
to
leave
your
take
some
time
off.
However,
if
you
don’t
plan
ahead,
company,
the
most
important
thing
you
could
leave
that
money
on
the
you
need
to
maximize
is
your
pay.
Benefits
table.
Failure
to
do
so
is
leaving
money
on
the
table,
and
that’s
just
a
waste.
The
next
key
area
is
benefits.
Once
You
also
need
to
look
at
any
flexible
again,
beyond
your
severance
spending
accounts
you
have
–
such
Beyond
getting
a
severance,
there
are
package,
there
are
a
few
key
things
as
healthcare,
daycare,
or
a
few
key
areas
of
your
pay
that
you
you
should
know
when
it
comes
to
transportation.
In
many
cases,
these
should
be
aware
of.
your
benefits.
“use
it
or
lose
it”
accounts
simply
end
when
you
quit,
and
you
can’t
get
your
First
is
vacation
and
sick
pay.
At
A
key
one
to
start
is
your
401k
plan.
money
out
or
back.
some
companies,
you
can’t
always
If
you
have
a
401k
loan
(which
you
get
cashed
out
on
all
your
vacation
should
never,
ever
have),
it
will
be
As
such,
you
need
to
plan
on
pay
–
they
put
limits
on
how
much
due
in
full
within
30
days
of
quitting
spending
any
and
all
money
in
these
you
can
leave
with
(typically
2
to
4
your
job.
Understand
that
you
have
accounts
before
you
quit
your
job.
weeks
worth).
So,
if
you’re
sitting
on
to
pay
this
back
immediately.
Networking
Opportunities
looking
for
no
longer
works
there.
It
since
they
may
just
let
you
go
on
the
just
goes
to
show
that
you
didn’t
spot.
Finally,
you
need
to
keep
your
have
a
great
relationship
with
them
network
open,
even
if
you
don’t
plan
to
start
with.
Tasks
on
returning
to
your
same
organization
or
industry.
Second,
try
to
get
a
letter
of
reference
The
tasks
for
this
step
are
from
your
manager.
Even
if
you
plan
researching
your
company
vacation
Why?
Beyond
it
being
the
right
thing
on
becoming
a
solopreneur,
this
and
sick
plans,
and
seeing
what
you
to
do,
it
also
prevents
future
doors
letter
can
be
useful
should
things
get
to
keep
when
you
leave.
from
closing
because
you
never
change.
Regardless,
if
your
boss
is
know
where
some
of
your
previous
willing
to
write
you
a
letter
of
If
you
don’t
get
much,
plan
a
vacation
colleagues
will
be
in
10-‐20
years.
reference,
it
usually
means
you’re
right
now!
leaving
on
good
terms,
which
is
To
maximize
your
exit,
make
sure
great.
Also,
look
at
how
much
you
have
in
that
you
have
contact
information
for
any
flexible
spending
accounts
and
all
the
key
players
and
Notes
start
getting
reimbursed
today!
acquaintances.
Don’t
just
get
work
information,
but
their
personal
It’s
important
to
realize
that,
at
some
Interact
phone
numbers
as
well.
companies,
once
you
announce
your
intention
to
leave
and
give
notice,
Are
you
planning
to
take
a
big
This
can
be
incredibly
useful
for
they
fire
you
on
the
spot.
For
vacation
before
you
leave?
Share
networking
in
the
future,
but
also
if
whatever
reason,
this
is
a
pretty
your
plans
with
us
online!
you
were
to
need
a
reference
for
any
common
practice.
As
such,
you
need
reason.
to
have
all
of
these
tasks
done
before
Share
your
thoughts
on
the
topic
giving
your
notice.
using
the
hashtag
#QuitterStep14.
In
my
experience,
I
find
it
embarrassing
when
a
candidate
gives
Thinking
that
giving
2
weeks
or
30
the
company
phone
number
as
the
days
notice
and
you
have
time
to
reference,
and
the
individual
they’re
wrap
things
up
is
poor
planning,
Stage
4:
Basic
Structures
for
Ongoing
Success
Quitting
your
job
is
one
of
the
most
rewarding
parts
of
moving
to
entrepreneurship.
But
it
is
also
one
of
the
most
life
changing.
For
many
of
us,
working
the
nine
to
five
job
was
something
that
was
ingrained
in
our
minds
since
childhood.
When
you
were
little,
you
didn’t
really
understand
people
starting
companies.
Rather,
you
thought
you
were
going
to
work
somewhere
–
as
a
police
officer,
fire
fighter,
or
doctor.
The
idea
to
change
things
was
unheard
of.
Now,
after
working
for
years
and
building
a
routine
around
it,
you’re
shaking
things
up.
On
one
front,
it’s
the
best
thing
that’s
ever
happened
to
you.
On
the
other
hand,
it
is
probably
the
scariest
thing
you’ve
done
since
asking
a
girl
to
prom.
And
now
that
you’ve
done
it
(or
planned
to
do
it),
you
need
to
make
sure
that
you
set
yourself
up
for
ongoing
success.
As
I
mentioned
in
Stage
2
(Developing
Your
Business),
the
key
is
consistency
and
sustainability
over
time.
While
it’s
not
the
end
of
the
world
to
have
to
go
back
to
a
regular
nine
to
five
job,
it
sucks
to
fail.
And
it’s
embarrassing.
And
nobody
who
makes
the
jump
wants
to
do
that.
So,
as
you
make
the
transition,
here
are
some
key
structures
and
outlines
to
help
you
with
ongoing
success.
There
are
really
no
right
or
wrong
answers
at
this
point,
but
you
should
keep
these
key
points
in
mind
as
you
progress
on
your
journey.
These
are
battles
that
a
lot
of
entrepreneurs
have
dealt
with,
and
you’re
going
to
inevitably
come
across
them
as
well.
A
Story
on
Networking
Most
everyone
has
heard
of
a
Step
15:
Networking
as
an
Chamber
of
Commerce,
but
few
Entrepreneur
A
great
example
is
a
friend
of
mine
people
actually
know
what
they
do
who
wanted
to
become
a
freelance
and
why
they
should
be
involved.
A
When
you’re
making
the
break
to
web
developer.
He
wasn’t
even
in
Chamber
can
be
incredibly
valuable
entrepreneurship,
a
big
change
is
the
“industry”
before
deciding
to
to
a
new
business.
Here
is
what
you
having
to
rethink
the
way
you
become
one,
he
was
actually
in
need
to
know.
network.
finance.
A
Chamber
of
Commerce
is
a
non-‐
When
you
work
in
the
corporate
However,
he
had
skills,
and
he
could
profit
organization
dedicated
to
world,
networking
is
forced
on
you
–
design
great
websites,
but
he
just
advancing
the
needs
of
businesses.
you
have
an
office
with
like-‐minded
needed
clients
and
a
network.
Most
Chambers
are
based
on
specific
people,
you
attend
meetings,
and
you
geographic
areas,
such
as
a
city,
go
to
industry
conferences.
So,
to
build
his
network,
he
joined
county,
or
metro
area.
However,
the
local
Chamber
of
Commerce
to
there
are
some
specialized
Chambers
However,
as
an
entrepreneur,
get
to
know
other
small
business
dedicated
to
the
needs
of
certain
everything
is
pushed
onto
you.
You
owners.
And
just
by
talking
with
minority
groups.
have
to
find
like-‐minded
people.
You
them
and
trying
to
help
them,
he
also
have
to
setup
and
lead
your
own
was
able
to
highlight
his
products
Chambers
have
several
purposes
and
meetings.
You
have
to
identify
and
services.
goals,
but
all
of
them
revolve
around
potential
conferences,
book
them,
helping
businesses
and
their
and
attend
out
of
your
own
pocket.
Now,
he
designs
websites
for
local
community.
small
businesses
(which
is
a
gigantic
However,
networking
is
key,
because
market
in
our
area),
and
is
They
act
as
a
government
liaison
for
it
allows
you
to
build
your
business
consistently
booked
for
6
months
its
members
in
community
issues
and
make
connections.
This
is
out.
They
bring
together
business
owners
especially
true
if
you
plan
on
leaving
for
networking
and
helps
drive
your
current
industry
for
a
new
one.
The
Chamber
of
Commerce
potential
new
customers
towards
its
members
They
are
not
a
government
often
contact
a
Chamber
looking
for
natural
way
to
meet
people,
because
organization,
but
they
may
lobby
a
things
to
do
and
places
to
stay
when
they
are
going
for
the
same
reason
government
when
in
its
member’s
visiting
a
new
city
or
town.
you
are,
to
meet
up!
best
interest.
They
promote
Chambers
will
often
refer
those
economic
development
in
the
region
tourists
to
its
member
businesses.
Next,
look
to
official
startup
groups.
For
example,
in
my
city
there
is
a
The
biggest
direct
impact
a
Chamber
While
you
may
already
unknowingly
group
that
plans
an
annual
Startup
will
have
on
a
member
is
the
be
reaping
the
benefits
of
a
local
Week.
Startup
Weekend
is
a
big
facilitation
of
networking
with
other
Chamber,
it
is
important
to
support
event
that
brings
together
local
businesses.
Through
the
these
non-‐profit
organizations
so
entrepreneurs
all
over
the
world.
development
of
a
strong
community
they
can
continue
to
work
on
your
network,
increased
business-‐to-‐ behalf.
All
entrepreneurs
are
not
outgoing
business
trade
can
take
place,
and
and
social
extroverts,
but
that
is
an
that
should
include
you.
Every
business
in
a
community
important
skill
to
practice
when
benefits
from
the
Chamber,
whether
meeting
other
entrepreneurs.
When
Chambers
host
a
variety
of
they
are
a
member
or
not.
A
Chamber
at
a
social
or
business
function
with
networking
and
community
events
has
strong
connections
with
local
others,
be
ready
to
share
your
that
give
its
members
a
chance
to
government
officials,
such
as
the
elevator
pitch
on
what
you
do
and
interact
with
each
other
or
the
local
mayor
and
city
council,
and
uses
that
tell
a
little
about
yourself
and
your
community.
One
local
Chamber
hosts
connection
to
advance
the
interests
company
very
quickly.
monthly
“business
after
hours”
of
its
members,
which
are
all
events
where
its
members
can
come,
businesses
in
the
community.
Bring
your
business
cards
and
make
for
free,
to
network.
It
hosts
concerts
sure
to
have
email,
Twitter,
and
in
a
park
over
the
summer,
where
Other
Ways
to
Connect
website
information
on
them.
members
come
together
with
the
Remember,
most
startup
folks
these
larger
community.
Connecting
with
other
entrepreneurs
days
prefer
quick
electronic
is
not
difficult
in
most
large
cities.
communications,
not
phone
calls.
I
have
hired
a
plumber
and
home
First,
look
to
Meetup
for
startup
inspector
in
the
last
year
from
a
groups
that
bring
together
like
When
you
begin
a
conversation,
have
Chamber
recommendation.
Tourists
minded
people.
Meetup
is
an
easy
an
two
thoughts
in
mind.
First,
and
most
important,
what
can
you
offer
the
Tasks
person
you
are
speaking
to.
As
we
all
know,
people
are
self-‐serving.
They
For
this
step,
identify
and
contact
want
to
know
what
they
can
get
out
your
local
Chamber
of
Commerce.
of
any
situation.
Quick
wins
and
Not
only
can
they
help
you
network,
measurable
outcomes
are
preferred.
but
they
also
usually
have
resources
Be
ready
to
share
what
you
or
your
to
help
you
navigate
the
government
company
can
offer
them,
but
don’t
bureaucracy
required
for
setting
up
scare
them
off
with
a
hard
sell.
your
business
as
discussed
in
Step
9.
Second,
what
can
you
get
or
what
do
Once
you’ve
identified
your
local
you
hope
to
gain?
Are
you
looking
for
Chamber,
find
entrepreneurial
friends?
Peers
to
bounce
ideas
off?
groups
in
your
area
that
you
can
Business
partners?
Leads?
Referrals?
meet
with.
Meetup
is
a
great
tool,
Whatever
you
are
looking
for,
be
but
the
Chamber
may
also
have
good
clear
with
yourself
and
create
a
contacts
that
you
can
leverage.
strategy
to
help
reach
those
goals.
Interact
Notes
Are
you
a
member
of
any
awesome
At
the
end
of
the
day,
it
is
all
about
entrepreneurial
groups?
Share
your
putting
yourself
out
there.
There
are
stories
and
experiences
with
the
social
risks
involved,
but
rarely
any
community!
big
cost
beyond
your
time.
I
have
made
great
friends
and
had
great
Share
your
thoughts
on
the
topic
opportunities
arise
from
startup
using
the
hashtag
#QuitterStep15.
events.
Make
sure
to
take
advantage
of
what
your
community
has
to
offer
to
grow
yourself
and
your
business.
Step
16:
Preventing
Isolation
Make
Personal
Connections
sick
of
the
lonely
feeling
and
isolation
of
working
alone
at
home.
This
probably
isn’t
something
that
As
mentioned
in
Step
15,
building
While
a
company
office
might
not
be
you
have
really
ever
given
much
personal
connections
and
cost-‐effective,
co-‐working
might
be
a
through
about,
but
it’s
a
real
problem
networking
is
key.
good
fit.
for
solopreneurs
and
freelancers
–
isolation.
However,
it
is
more
than
just
having
A
co-‐working
space
is
an
office
for
someone’s
contact
information
–
you
small
business
owners
and
tech
For
years
you’ve
gone
to
work,
actually
need
to
contact
them!
Call,
oriented
folks
to
work
together
in
a
interacted
with
people,
had
Skype,
or
make
the
connection
so
shared
space.
There
are
often
desks,
meetings,
and
gone
home.
You
that
you
actually
interact
with
a
conference
rooms,
small
offices,
and
probably
have
some
“work
friends”,
human
and
hear
them.
It’s
even
other
amenities
at
your
disposal.
but
never
really
thought
about
the
better
if
you
can
see
them.
social
interaction
side
of
work.
Workers
generally
buy
a
plan
that
Also,
try
to
meet
for
coffee
or
drinks.
allows
them
to
work
in
the
space
for
But
for
most
people,
work
is
the
most
This
is
something
that
I
enjoyed
at
a
certain
number
of
days
per
week
or
amount
of
time
that
people
interact
the
office
–
getting
coffee
in
the
month.
It
is
common
for
a
co-‐worker
with
others
during
the
day.
And
as
morning
and
happy
hours
after
work.
to
buy
a
two
or
three
day
per
week
humans,
we
need
social
interaction
plan
that
is
much
cheaper
than
an
to
stay
healthy
and
sane.
Just
because
you’re
an
entrepreneur
office
rental.
doesn’t
mean
that
you
can’t
do
the
To
perpetuate
long-‐term
same
thing!
You
just
need
to
find
Because
you
don’t
need
your
own
entrepreneurial
success,
you
need
to
some
like-‐minded
people
to
join
you.
office,
mailing
address,
and
utilities,
prevent
isolation.
There
are
a
few
you
can
share
them
with
other
co-‐
key
ways
that
you
can
do
this.
Join
a
Co-‐Working
Space
workers
and
save
money.
When
starting
a
new
company,
you
One
local
co-‐working
space
in
my
might
be
stuck
working
in
a
home
neighborhood
charges
$75
to
$300
office
for
a
long
time.
While
many
per
month
depending
on
your
needs.
entrepreneurs
enjoy
that,
others
get
That
is
a
pretty
good
deal
for
a
part-‐
time
office
with
great
amenities,
such
Everything
is
designed
to
help
you
decided
that
being
self-‐employed
as
color
laser
printers,
copy
succeed.
wasn’t
for
them.
machines,
and
more.
Of
course,
they
will
not
do
the
work
That’s
fine
–
it’s
just
another
lesson
Another
big
benefit
is
that
your
office
for
you.
This
is
a
place
to
go
and
learned.
But
I
wanted
to
share
this
is
social.
If
you
miss
chatting
by
the
work.
It
is
an
office.
People
are
with
you
so
that
you
are
armed
with
water
cooler,
this
is
a
great
benefit
expected
to
be
respectful
toward
the
knowledge
before
you
quit
your
for
you.
Your
other
co-‐workers
are
other’s
need
for
some
level
of
privacy
job.
also
small
business
owners
and
enjoy
and
quiet.
You
will
be
left
alone
a
little
human
interaction
from
time
during
most
business
hours
to
focus
Interact
to
time.
on
your
business.
What
are
you
doing
to
prevent
Co-‐working
spaces
also
hold
social
This
will
not
lead
to
success
isolation
in
your
business?
events
and
workshops
that
foster
overnight,
but
it
can
help
you
along
interaction
and
camaraderie
among
your
journey
toward
a
more
Share
your
thoughts
on
the
topic
members.
For
example,
a
local
co-‐ successful
business.
If
you
are
lonely
using
the
hashtag
#QuitterStep16.
working
space
recently
hosted
a
in
your
office,
co-‐working
may
be
a
happy
hour
party
for
singles.
A
lot
of
great
fit
for
you.
the
members
turned
out
along
with
a
handful
of
like-‐minded
people
from
Notes
around
town.
I’ve
known
at
least
2
solopreneurs
One
of
the
biggest
benefits
of
co-‐ that
gave
it
up
to
go
back
to
work
for
working
is
that
your
co-‐working
this
single
reason!
It
is
really
space
will
help
you
grow.
Your
fellow
detrimental
to
your
well
being
not
to
members
will
help
you
grow.
Your
interact
with
others.
co-‐working
space
will
host
events
designed
to
help
you
run
a
better
and
These
individuals
were
successful,
bigger
business.
You
can
network
had
6
figure
businesses
and
easily
with
other
business
owners.
supported
their
families,
yet
they
Step
17:
Work/Life
Balance
your
friends
want
to
hang
out
with
Control
you
too
sometimes.
As
I
mentioned
multiple
times
Work
limits
the
control
that
we
have
throughout
this
checklist,
Working
is
certainly
important,
but
over
our
own
time.
Therefore,
the
maintaining
balance
is
key
for
we
should
be
careful
to
ensure
that
first
step
in
learning
how
to
improve
ongoing
success.
our
work
never
consumes
our
lives.
work
life
balance
is
to
identify
the
Similarly,
we
should
also
be
careful
key
aspects
of
our
lives
that
we
can
You
can’t
sacrifice
everything
to
be
not
to
let
our
personal
lives
interfere
control.
You
should
begin
by
successful
and
then
continue
to
with
our
job.
Therefore,
a
balance
is
identifying
how
much
time
is
sacrifice
more.
There
is
only
so
needed
to
control
the
relationship
required
for
work
while,
for
the
time
much
of
you
to
give.
between
our
careers
and
personal
being,
ignoring
how
much
extra
work
lives.
This
is
especially
true
for
you
complete
for
additional
income.
You
need
to
make
sure
that
you
freelancers
and
others
that
work
Other
important
aspects
of
your
life,
setup
a
structure
that
allows
you
to
from
home,
as
their
residence
and
including
personal
projects,
hobbies,
have
work/life
balance,
or
else
you’ll
place
of
business
share
the
same
family
time,
lifestyle,
and
so
on
quickly
find
yourself
heading
back
to
building.
should
also
be
carefully
considered
the
nine
to
five
job.
and
written
down.
Those
that
do
not
learn
how
to
The
problem
I’ve
encountered
with
improve
work-‐life
balance
not
only
Time
Management
most
entrepreneurs,
including
face
the
possibility
of
experiencing
myself,
is
that
we
can’t
turn
off
our
burnout,
but
may
also
become
at
risk
You
should
then
identify
the
minds.
We’re
either
working
on
our
for
stress-‐related
health
issues.
activities
that
limit
your
productivity
business,
thinking
about
our
Therefore,
learning
how
to
improve
or
lead
to
unnecessary
levels
of
business,
or
talking
about
out
work
life
balance
is
essential
to
stress.
For
example,
if
you
find
that
business.
maintaining
a
healthy
and
productive
your
work
is
taking
longer
than
it
lifestyle.
probably
should,
you
may
want
to
But
that
isn’t
always
healthy.
You
consider
how
much
time
you
spend
need
a
break.
If
you
have
a
family,
browsing
the
web
or
chatting
with
they
deserve
your
attention.
I
bet
others
when
you
could
be
working.
Such
activities
will
certainly
slow
you
down
and
should
usually
be
saved
Organization
could
outsource.
There
is
no
reason
for
a
more
appropriate
time.
When
to
do
everything
when
someone
else
it’s
time
to
work,
that’s
exactly
what
After
identifying
these
important
could
do
some
of
the
tasks
for
you.
you
should
be
doing
(though
it
is
aspects,
the
next
step
is
to
carefully
important
to
take
one
or
two
breaks,
develop
a
schedule
that
organizes
Outsourcing
depending
upon
how
long
your
each
part
of
your
life.
This
schedule
workday
is).
If
you
spend
time
should
include
the
amount
of
time
Outsourcing
is
a
term
that
goes
in
gossiping
with
coworkers,
be
careful;
you
need
each
day
for
work,
but
and
out
of
many
people’s
mouth
very
not
only
can
this
lead
to
elevated
should
also
account
for
the
varying
often
nowadays.
You
might
get
the
stress
levels,
it
can
also
breach
the
activities
that
are
sure
to
occur
on
idea
that
it
pertains
to
the
corporate
barrier
that
should
exist
between
different
days.
and
professional
world,
but
what
is
it
your
work
and
personal
life.
really?
How
can
different
parties
For
example,
you
may
want
to
plan
(businesses
and
freelancers)
benefit
Determine
the
hobbies
that
you
wish
some
recreational
activities
for
the
from
it?
What
are
the
different
types
you
could
do
but
never
seem
to
have
weekend
with
your
family.
You
may
of
outsourcing
jobs
that
companies
time
for.
This
may
include
jogging,
also
need
to
set
aside
some
time
can
avail
of
from
outsourcing
hiking,
or
a
number
of
other
during
the
week
to
complete
companies
and
freelancers?
recreational
activities.
It’s
especially
personal
errands.
Even
if
you
prefer
important
to
determine
which
to
work
a
little
harder
each
week
for
A
lot
of
companies
opt
to
outsource
activities
both
help
you
recharge
and
an
extra
income,
you
can
devote
some
of
their
business
processes
benefit
your
health.
Ideally,
this
will
more
of
your
time
to
work
on
some
because
of
an
ultimate
reason:
it
is
include
time
spent
with
family
and
days
while
leaving
a
little
more
for
cost
efficient
and
time
efficient.
It
friends.
It’s
important
to
avoid
stress
yourself
on
others.
You’ll
be
also
saves
them
the
trouble
of
as
much
as
possible
in
your
down
surprised
how
much
extra
time
you
managing
and
training
employees.
time,
since
you
will
suffer
more
than
have
on
your
hands
by
creating
a
your
fair
share
of
this
at
work.
comprehensive
schedule
and
All
they
have
to
do
is
find
a
reliable
carefully
adhering
to
it.
outsourcing
company
or
a
freelancer
and
give
the
details
of
the
job
that
Also,
identify
which
activities
require
they
want
to
have
done.
Transactions
you
to
work,
and
which
activities
you
that
involve
the
outsourcing
of
business
processes
is
normally
doesn’t
mean
your
business
takes
a
outstanding
emails,
messages,
hassle
free.
This
is
why
a
lot
of
vacation.
projects,
or
deadlines,
make
sure
companies
just
choose
to
outsource
everyone
is
updated
and
knows
what
instead
of
looking
for
and
hiring
new
Planning
ahead
is
huge.
If
you
have
a
to
expect
while
you
are
away.
employees.
staff
(even
outsourced
staff),
you
can
prepare
them
for
anything
that
needs
In
my
experience,
the
best
way
to
do
Below
are
the
types
of
outsourcing
to
be
done
while
you
are
away.
Detail
this
is
to
work
ahead
and
complete
jobs
that
you
can
benefit
from
is
very
important.
You
don’t
want
to
any
outstanding
projects
before
you
outsourcing
to
freelancers:
forget
about
something
important
leave.
If
you
don’t
owe
anyone
any
• Web
Administration
and
just
miss
it
while
you
are
away.
follow-‐ups,
you
won’t
miss
any
• Online
Marketing
deadlines.
• Web
Development
If
you
have
a
staff,
make
a
detailed
• Virtual
Assistant
list
of
everything
that
needs
to
You
can
also
set
your
voice
mail
and
• Link
Building
happen
by
day.
Explain
what
needs
email
with
way
messages
so
you
• Content
Writing
to
be
done
to
successfully
complete
don’t
miss
out
on
anything
new.
• Social
Media
Management
each
task
and
make
sure
to
answer
• Lead
Generation
any
questions.
While
you
are
gone,
Anything
that
can
be
automated
they
are
on
their
own
to
figure
things
should
be.
I
pre-‐set
bank
transfers,
The
list
goes
on
and
on.
The
point
is,
out.
emails,
and
other
needed
business
identify
what
you
need
help
with,
activities
to
take
place
while
I
was
and
see
if
it
makes
more
sense
to
pay
If
you
don’t
have
a
staff,
you
have
to
gone.
others
to
do
it
for
you.
set
everything
up
yourself.
For
my
blogging
businesses,
I
pre-‐posted
and
Automating
your
finances
is
a
good
Take
Vacations
scheduled
everything
that
needed
to
idea
anyway,
but
make
sure
you
have
be
taken
care
of.
For
my
other
the
funds
in
the
right
places
ahead
of
Taking
a
vacation
is
just
as
important
company,
I
had
freelancers
start
on
a
time
so
your
outstanding
automated
for
entrepreneurs
as
it
is
for
people
project
while
I
was
a
way.
transactions
will
not
cause
any
working
a
nine
to
five
job.
However,
problems.
just
because
you
take
a
vacation
Keeping
your
customers
and
staff
up
to
date
is
important.
If
you
have
any
Finally,
remember
you
are
on
What
works
for
one
person
may
not
successful,
while
at
the
same
time
vacation
to
relax,
get
away,
and
have
work
for
another
person.
allowing
your
personal
life
to
fun.
Don’t
work
while
away
if
you
can
flourish
as
well.
avoid
it.
Many
entrepreneurs
suffer
You
need
to
do
some
trial
and
error
from
burnout
if
they
don’t
take
on
your
part
to
discover
what
works
Interact
breaks
and
relax
every
once
in
a
for
you.
while.
Time
away
and
relaxation
are
What
work/life
balance
structures
important
for
long-‐term
success
and
Don’t
be
afraid
to
try
different
time
have
you
found
to
be
successful?
happiness.
management
systems,
or
different
schedules,
until
one
clicks.
Share
your
thoughts
on
the
topic
Notes
using
the
hashtag
#QuitterStep17.
One
you
actually
find
something
that
There
is
no
right
or
wrong
answer
to
works,
you’ll
be
so
incredibly
developing
a
good
work/life
balance.
thankful
that
you
did,
because
it
will
make
your
business
so
much
more
What
Now?
At
this
point,
you’ve
gone
through
the
entire
Quitters
Checklist.
Hopefully
you’ve
fully
understood
everything
that
goes
into
actually
quitting
your
job
and
learned
something
as
a
result.
The
goal
is
to
make
your
transition
successful.
I
hope
you
see
that
there
are
a
lot
of
key
strategies
that
you
can
use
to
make
your
transition
successful.
Nobody
wants
to
fail
at
anything,
but
it
becomes
even
more
important
when
everything
is
on
the
line
in
starting
your
own
business.
Whatever
you
call
it:
entrepreneurship,
solopreneurship,
freelancing,
self-‐employment
–
the
bottom
line
is
you
are
dependent
on
yourself,
and
you
are
in
charge.
This
is
a
change.
This
is
a
good
thing.
But
it
requires
a
different
skill
set
and
a
different
way
of
thinking
about
things.
At
this
point,
I
wish
you
all
the
success
in
the
world!
I
hope
you’ve
become
inspired
to
create
something
and
develop
a
plan
for
success.
I
urge
you
to
continue
to
follow
along
in
my
journey
to
self-‐employment.
I
admit
that
I’m
not
the
expert.
I’m
still
working
through
this
checklist
myself.
As
always,
feel
free
to
reach
out
and
interact.
Life’s
a
journey,
and
so
is
entrepreneurship.
You
never
have
to
do
it
alone.
We
can
all
beat
the
nine
to
five
together!
Resources
Mentioned
Accounting
Tools
How
to
Engineer
Your
Layoff
• Wave
Accounting
Throughout
this
eBook
there
were
a
• QuickBooks
lot
of
different
resources
mentioned.
Here
is
an
overview
of
all
the
key
Organizations
tools
you
need
to
successfully
• National
Association
for
the
execute
the
Quitters
Checklist.
Self-‐Employed
• The
Freelancers
Union
Books
• David
Chilton,
The
Wealthy
• Meetup
Barber
• Jean
Chatzky,
You
Don’t
Have
to
be
Rich
• Dave
Ramsey,
The
Total
Money
Makeover
How
to
Engineer
Your
Layoff
• David
Bach,
The
Automatic
Millionaire
Personal
Finance
Tools
• Mint
• Quicken
• Personal
Capital
• 10
Free
Budget
Spreadsheets
Legal
Tools
• Rocket
Lawyer
• Nolo
• Legal
Zoom
Printable
Quitters
Checklist
☐
Setup
an
Emergency
Fund
☐
Create
a
Budget
☐
Understand
Your
Tax
Situation
☐
Get
Insured
☐
Figure
Out
Your
Retirement
Plan
☐
Create
Your
Side
Business
☐
Do
Market
Research
☐
Setup
Your
Business
Structure
☐ Learn
the
Rules
of
Your
Employer
☐ Start
Planning
Your
Exit
☐ See
If
You
Can
Get
Laid
Off
☐ Understand
Your
LOA
Options
☐ Maximize
Your
Exit
Benefits
☐ Build
an
Entrepreneur
Network
☐ Construct
Relationships
☐ Make
Plans
for
Work/Life
Balance