Taking the Plunge: 1 Year Quitiversary!!!
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Happy Monday everyone! If you’ve been a reader of Frugal Rules for very long you know already that Mrs. Frugal Rules and I run our own advertising and copywriting business. In all fairness, Mrs. Frugal Rules started this little venture into entrepreneurship just over three years ago and as of this past Saturday I have been at this ‘running a business’ thing for one year now! I remember spending several years in a job where I was expected to sell bad financial products to elderly clients and had the “pleasure” of sitting next to someone who thought it was cool to groom himself while at the office and thinking there HAD to be more. This was beyond misery, it just felt like something was wrong and something had to be done about it and I could wait no longer. If you’re just new to the site, or have not read the series I encourage you to check out some of the posts that make up my “Taking the Plunge” series:
- Why I Love Being Self-Employed
- Why I Hate Being Self-Employed
- Freedom Without Boundaries is Enslavement
What My Quitiversary Means to Me
I remember the months leading up to making the decision and we were discussing on a seemingly nightly basis the issue of whether or not we could do it. We looked at our finances inside and out. We came up with our bare minimum budget and looked at what kind of cash reserve we’d need. We also looked at the client base Mrs. Frugal Rules had managed to build up and the prospects she had created. Those were all the easy parts. The difficult part was the three little blessings we have and the fear of what it would look like and the fear that we would be living off of government cheese and in a refrigerator box by month three. I don’t know if it was sheer stupidity, or the desire for something more, but we did take the leap after much introspection. Now that we’re a year in to this I can look back and see how I have grown personally and professionally and what that means going forward. It means that I am no longer going to let fear hold me back. For years I had the desire to be my own boss and start something from the ground up and I did nothing about it. There are many reasons why I did not, but fear was no doubt the leading cause. It also means that I am no longer looking at what’s expected or what is considered “normal” , but am pushing the boundaries to find something that works for us. Ultimately, it has meant being more comfortable with the idea of creating something for ourselves in order to provide a better financial future for our family and enjoying the flexibility that comes with running our own business. I have said it before and it warrants repeating, that freedom of creating something yourself and being paid directly for it is quite intoxicating and once you get that taste you want more of it. I will be the first to admit that running your own business is not for everyone and that is ok, but I find it to be incredibly rewarding. Here are a few of the other rewarding things I have discovered since quitting my job:
- While I wanted to tell my boss to take his job and shove it I am SO glad that I did not.
- There will be times that you doubt yourself. That is ok; it can and does make you stronger.
- Keep your goals in front of you. As a visionary, that is what keeps me going many days.
- There will be both good days and bad days; learn to appreciate them both.
- You may have to work on a Holiday, but you’ll also get to take the next two days off…learn to be flexible. (I am still learning that one).
- People will lie right to your face. Don’t count on that new client until you get the first job. Don’t spend the payment until you see the check.
- Contracts, contracts, contracts…enough said.
- People will look at you quizzically when you tell them what you do…I guess advertising is a confusing term. 😉
- Some will think that you have the easiest job in the world. Newsflash…you won’t be working for yourself long if you sleep in until 1:00 p.m. to watch Jerry Springer reruns and to give in to your Cheetos and Coke habit.
- Don’t work yourself in the ground, you’ll only pay for it in the long run.
- There are few things in the world as gratifying as seeing something you have created benefitting others.
- It still is possible to be a part of something bigger than yourself. It’s simply more rewarding when you’re the one who helped create it.
I am sure there are other things I could list, but these are the ones that come to my mind at first thought. I would also like to add that many of these things can also be applied to money and finances. We have seen it personally ourselves and when it comes down to it you need to do what’s best for you and your family, not to mention the fact of what will put you on more solid ground in the long run. It’s funny how life can be that way sometimes. You learn something in one area and see how it can be translated to another. The key is, do not let fear hold you back! Find what you want and go for it. Enjoy the ride too because that’s half the fun.
What about you? What is something you want but are being held back from for some reason? What do you think the most rewarding thing would be to you in running your own business?
Photo courtesy of: Kalyan Chakravarthy
John is the founder of Frugal Rules, a dad, husband and veteran of the financial services industry whose writing has been featured in Forbes, CNBC, Yahoo Finance and more.
Passionate about helping people learn from his mistakes, John shares financial tools and tips to help you enjoy the freedom that comes from living frugally. One of his favorite tools is Personal Capital , which he used to plan for retirement and keep track of his finances in less than 15 minutes each month.
Another one of John's passions is helping people save $80 per month by axing their expensive cable subscriptions and replacing them with more affordable ones, like Hulu with Live TV.
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