Fear of self-employment

by Zodiax
30 replies
Hello guys,

I have identified another block that I think is holding me back, and I would like to get some feedback.

In one of my quiet times of reflection, I visualized what it would be like if I successfully profited and started an online business.....

but with all the good stuff, I started to play out the bad stuff as well.

I currently work at a job, and the way things are going it seems like I could stay there for a very long time. The people are nice, and the bosses don't seem to get upset at me.

I keep thinking in my head, "what if I lose that security, do this full-time, and lose it all".

I would be sad and frustrated with $0 in my bank account, trying to figure out what I am going to do.

The ironic thing is, before I was employed, I had $0.

So what would be the purpose of getting a job, only to make money online, and than to go back to $0, just to find another job.

You see where my head is taking me?

#fear #selfemployment
  • Profile picture of the author ronyoung
    Banned
    Get a security next of 6months of living and then start full time
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    • Profile picture of the author SteveSki
      Two suggestions for you:

      1) Keep your day job and work your IM business until you have 2 years of living expenses stashed away and your monthly IM income has consistently been exceeding your regular income from your job.

      2) Matt Furey's Theater of The Mind will help you with your self confidence. He sells it at: HERE on his website for $139.95 but if you are a Audible.com member you can purchase it for just 1 credit (about $15)

      Hope this helps you... I know you won't get excited over keeping your day job while you build your IM income but that is the smart way to do it.

      Cheers,
      Steve
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  • Profile picture of the author Ron Killian
    That is a tough thing to get past, think many full timers go though it.

    For me, once I started making more than my job, and it was coming in at a steady rate, and since I hated working for some one else SO bad, it was pretty easy to quit. Still scary though.

    Like the other Ron said, build up enough money to last you a while, your security.

    the other thing is to build up systems that are going to keep your income coming in, like email marketing, recurring programs, ect.

    Pretty much every one that went out on their own took a chance.
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    • Profile picture of the author ronr
      This must be the Ron response thread.

      Many years ago I left a job that paid pretty well but I wanted to be on my own so bad I left if for my own business. That business involved a lot of selling and I really hadn't proved the concept or that I could sell well enough before I quit my job.. It was a bad experience.

      Years later I left another job but this time I had nice recurring income coming in with my own business. It was a much better experience.

      Build a recurring income in your own business. When it reaches the point that you can live off the recurring income you will be alot more confident in leaving your job.

      Ron
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  • Profile picture of the author NeedBucksNow
    I agree that if you can stand where you are working at then you should probably make sure that you are making more online then you are working. I work 12 hours a day right now but I have pretty good insurance as well so it helps make it worthwhile. I hope to be making as much as I am working right now in the next year though & will have to see how things go
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  • Profile picture of the author devenn27
    To create a successful website you need at least 5-6 months constant work of at least 2 hours a day. So why not keep doing your day job and work for extra 2 hours at night on your site/online business/or whatever it is.
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  • Profile picture of the author Luke Dennison
    When I started my offline SEO business at 19 (which failed, my fault dont get even more stressed) I was entitled to about £700 a month benefits, so its always a good idea to check what you're entitled to before you make the jump. I live in the UK.

    I also worked for agencys and would do a weeks work here and then when I needed an extra £300 or so. To truly go self employed you need cash flow, so dont just rely on money you make online.
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  • Profile picture of the author kmagnet
    Originally Posted by Zodiax View Post

    Hello guys,

    I have identified another block that I think is holding me back, and I would like to get some feedback.

    In one of my quiet times of reflection, I visualized what it would be like if I successfully profited and started an online business.....

    but with all the good stuff, I started to play out the bad stuff as well.

    I currently work at a job, and the way things are going it seems like I could stay there for a very long time. The people are nice, and the bosses don't seem to get upset at me.

    I keep thinking in my head, "what if I lose that security, do this full-time, and lose it all".

    I would be sad and frustrated with $0 in my bank account, trying to figure out what I am going to do.

    The ironic thing is, before I was employed, I had $0.

    So what would be the purpose of getting a job, only to make money online, and than to go back to $0, just to find another job.

    You see where my head is taking me?

    Nice thread

    Anyways, with self employment you get rewarded handsomely for a job well done while with a typical 9-5 job like the one I have right now I get paid for doing time which is 8 hours for me and if I do 'good enough job' then I get to do it all over again for 365 days until I don't know when.

    The only job security you have is the one you give yourself. The company will never blink twice in axing a disposable resource as soon as they can. It may not happen to you or me (God forbid I hope it doesn't happen to me soon) but it's definitely something you don't have control over and you don't want that. Gain back control of your own ship

    I can tell you that uncl Sam Walton (one who started Walmart) has had some LARGE losses at some point of his life so this should give you the courage really to not fear losses. It happens. The biggest loss I'd say is losing grip of what's real and just sleepwalking through life, trading your precious 8 hours a day just cause it's perceived as safety but not really and retiring and then thinking back that you could have actually taken some calculated risks.

    Read biographies of self made billionaires or millionaires No Fear! Time isn't gold. With gold you can always earn it back but with time, it never waits man, once it's lost, it's goners for good!
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  • Profile picture of the author Brent Stangel
    You see where my head is taking me?
    You might want to get a handle on that.

    Fortune favors the bold.
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  • Profile picture of the author BernardR
    The big question is are YOU a risk taker?

    This business is for the fearless, for those who want it so bad they are going to literally MAKE it happen no excuses.

    Do you want to be in charge of your time or do you want to be told what to do by your nice boss?

    You can work your job build up your business and then quit.

    But you must choose what you want and go for it!

    I started my own business in 2009 after working for BIG corporate marketing brands ... guess what I WILL NEVER GO BACK

    BernardR
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    • Profile picture of the author kmagnet
      Originally Posted by BernardR View Post

      guess what I WILL NEVER GO BACK

      BernardR
      Don't do it, you're in a much better place now as they say it's either you live your life as a 9-5 slave or take risks as a free person
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  • Profile picture of the author onpointinfo
    Hi Zodiax...

    You were given some very good advice, here is my 2cents

    You are anxious like everyone else to work from home, and also you are confused as to what to do !

    Here is a tool that can help you make better decisions for any problem you are facing in life and in business, I learned this tool year ago and still use it today to help me make decisions. The importance of this tool is that you are not just thinking things out in your head, you are actually writing down these things down on paper and can keep coming back daily to write more pros / cons till you are finished on a given day. Now you can refer to it, it is a tangible tool you can carry with you and refer to when ever you want to reflect on what you wrote down. You see, when it is written down you make less errors in making a decision because they are written down on paper and you visually see if the pros side outweighs the cons side or the cons side outweighs the pros making it easier to see what is best to do.

    1) Take a sheet of paper draw a letter T on the page one side you write the word pros other side cons on top of page

    2) think of the pros and write down the pros on the pros side of the paper and do the same for cons side

    3) if you can't think of any more pros or cons put paper away carry it on you and write more down as they come up at any time

    4) once you can't come up with any more pros or cons you are complete

    _____________

    Do not leave your job till you are making money from your online business equal to your job earnings, maybe you are not thinking about is you need money to invest also into your online business to drive traffic and more...be careful here with this one !

    You need to save money to put into your business or you will not see the fast results you are looking for !
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    • Profile picture of the author BenZhao
      You got plenty of suggestions and ideas shared here. I am sure would find some of which matched with your preference in getting the decision.

      In addition to thinking, you may ask what would you feel as well. Feeling is part of our living. If you are really totally convinced, you can touch the strong feeling of confidence. Likewise, on the contrary; you would be aware of the tentative answer it is telling you too.

      If you feel that being risky is not your chosen choice but you have seen the goodness in having your own business, then you can choose any of the above suggestions and make it toward your goal using your own style.

      If you feel going out now is better for you, make sure you have some amounts of money stored for the first 3-6 months. At the same time, learn and get the result fast as money is crucial, not just only business but also your weekly expense.

      Nevertheless, ask yourself what is your dream, what would you do if you have a lot of money. If your current job could bring you to where you want to go, just stick to it. If not, what is the better option for you, where is it and how to start working toward it?
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  • Welcome to the club. Everyone no matter how good they are in something they won't run the organization. I learned in college that is normal for every user.

    You need to bypass that fear and don't look in negative way. Be optimist
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  • Profile picture of the author Mike Braswell
    I quit my job just 2 months ago and reason was CPA marketing.

    I remember my family oppositions and saying you are wrong mike!
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    • Profile picture of the author kmagnet
      Originally Posted by Mike Braswell View Post

      I quit my job just 2 months ago and reason was CPA marketing.

      I remember my family oppositions and saying you are wrong mike!
      Good job Mike! I am still working towards financial freedom, resource is scarce especially when Ima salary slave to my 9-5 job
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  • Profile picture of the author seoboyz01
    You don't have to throw your real world job away just to pursue internet marketing. Just think of all the people who have tried many times and failed at online marketing. There is no guarantee of online success. Start small. Start where you are. Learn everything you can now, before you quit or risk anything. Take a few weeks or months to read and experiment with various internet marketing opportunities and ideas until you find something you like and that works for you. Then build slowly. Don't forget to start your list for any niche you decide upon. Do all that before you risk your own or your family's financial future to internet marketing.
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  • Profile picture of the author jamescanz
    You should pick up Secrets Of The Millionaire Mind...

    That should help you out with where your 'head is taking you'
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  • Profile picture of the author Legend Dude
    I feel like when people talk about internet marketing, it's often all for it or all against it. I think it's smart to have a day job you can get seed money from for your IM career. This way you can try as long as it takes with little risk.
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    • Profile picture of the author Luke Dennison
      Originally Posted by Legend Dude View Post

      I feel like when people talk about internet marketing, it's often all for it or all against it. I think it's smart to have a day job you can get seed money from for your IM career. This way you can try as long as it takes with little risk.
      This.

      It's the perfect formula. I signed up with all the temp agencys where I live, and whenever I have a bad month or need extra money, I'll take a couple weeks of shifts and then just leave again. Best of both worlds.
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      • Profile picture of the author Kay King
        You see where my head is taking me?
        Maybe your "head" is telling you that you like what you are doing now.

        There is nothing wrong with working a job that you enjoy and that give you a sense of security. There's nothing wrong with having a sense of security and a regular pay check. There are good things about working specific house and being around people you enjoy working with.

        There is no rule that says you have to give up everything to being a self employed IMer...none!

        There are many successful IMers on this forum that also work good jobs or in professional careers as well as making money online.

        People (usually those who haven't done it much) love to talk about the upsides of "working for yourself" but there are downsides to it, too. It's not for everyone and yet it's open to working full time or part-time or just here and there and you can fit IM around your every day job or career if that is more comfortable for you.

        I think the "cog" comments and the "take a chance" are ridiculous. YOU have to decide what level of risk and comfort YOU want. I worked a full time job for years along with IM - then I worked part time for years along with IM before finally quitting my day job. I made money in IM and at work.
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        • Profile picture of the author Zodiax
          Originally Posted by Kay King View Post

          Maybe your "head" is telling you that you like what you are doing now.

          There is nothing wrong with working a job that you enjoy and that give you a sense of security. There's nothing wrong with having a sense of security and a regular pay check. There are good things about working specific house and being around people you enjoy working with.

          There is no rule that says you have to give up everything to being a self employed IMer...none!

          There are many successful IMers on this forum that also work good jobs or in professional careers as well as making money online.

          People (usually those who haven't done it much) love to talk about the upsides of "working for yourself" but there are downsides to it, too. It's not for everyone and yet it's open to working full time or part-time or just here and there and you can fit IM around your every day job or career if that is more comfortable for you.

          I think the "cog" comments and the "take a chance" are ridiculous. YOU have to decide what level of risk and comfort YOU want. I worked a full time job for years along with IM - then I worked part time for years along with IM before finally quitting my day job. I made money in IM and at work.
          Yeah I never really knew that working for someone else wasn't a nightmare until I actually found something that fits me.

          I'm definitely in no rush to just quit
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  • Profile picture of the author moneymagneto
    Successful people take calculated risks. If you never take any, you won't know. You either will work as a cog in the wheel for someone else's business, or you will build your own. I prefer to do the latter.
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  • Profile picture of the author Steve B
    Originally Posted by Zodiax View Post

    I have identified another block that I think is holding me back, and I would like to get some feedback.

    "You will never discover new worlds until you have the courage to leave the safety of the harbor."

    Steve
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  • Profile picture of the author discrat
    Strangely , for as many people who look at self-employment as something very positive to pursue there are many others who have fear and negative connotations attached to it .


    - Robert Andrew
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  • Profile picture of the author teeowl
    Just do what most people do, keep your day job for now, but when you feel that your internet income becomes stable, quit your day job and keep expanding your internet business.
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  • Profile picture of the author Kurt
    This isn't advice one way or another...it's only some facts about working from home.

    Doing IM at home means you don't need as much money as you do having a job. You need to calculate how much you spend on work clothes, as well as transportation to and from work.

    How many miles do you put on your car commuting to and from work every day? Also factor in maintenance, etc.

    How much time do you spend getting ready for work, driving to work and then back home?

    Again, this isn't advice whether a person should have a job or work at home for themselves, only some things to take into consideration when trying to make that decision.
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    • Profile picture of the author Zodiax
      Originally Posted by Kurt View Post

      This isn't advice one way or another...it's only some facts about working from home.

      Doing IM at home means you don't need as much money as you do having a job. You need to calculate how much you spend on work clothes, as well as transportation to and from work.

      How many miles do you put on your car commuting to and from work every day? Also factor in maintenance, etc.

      How much time do you spend getting ready for work, driving to work and then back home?

      Again, this isn't advice whether a person should have a job or work at home for themselves, only some things to take into consideration when trying to make that decision.
      I didn't really break it down THAT much lol.

      But, since the majority of my outside money goes to food, I would save a lot just having an office by the fridge.... mmmm leftovers...
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      • Profile picture of the author Kurt
        Originally Posted by Zodiax View Post

        I didn't really break it down THAT much lol.

        But, since the majority of my outside money goes to food, I would save a lot just having an office by the fridge.... mmmm leftovers...
        I did break it down that much...mostly because I have a fear of being employed.
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        • Profile picture of the author Kay King
          I didn't really break it down THAT much
          Then stop day dreaming and run the numbers. Some things you will save on - travel/gas/clothing. Other things (if you are in the US, at least) will cost more - health care perhaps, self employment tax, etc.
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