Just Fired ... Need Help With Next Move

14 years ago

Somethings bad things happen for a good reason. Maybe this is the point where your life may take a turn for good. When one door closes another one always opens.

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kirby 14 years ago

... thanks Ryan. My wife said the same thing yesterday when I told her. I felt like I sucked at being a good provider for her and our future family (although I was miserable at this job ... chasing dollars over happiness).

Thanks again for your words.

Best,

Kirby
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patJ

14 years ago

Try to get a new job to start with. Better to be safe than sorry.

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kirby 14 years ago

Originally Posted by patJ

Try to get a new job to start with. Better to be safe than sorry.

... thanks for your thoughts Pat.

Kirby
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jimrpips

Banned 14 years ago

[DELETED]

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kirby

14 years ago

Originally Posted by jimrpips

You've got over 6 months of living expenses times 2 in the bank.

You've got a full-on business ready to open the doors on.

Your wife has a job.

You are not up to your eyeballs in debt.

Refinancing your mortgage should be simple (have you seen rates this month - holy cow!).

Your wife is emotionally behind you.

You already know you're gonna hate the new corporate gig no matter what it is, since you're totally soured on the corporate scene right now anyway.

---

Dude, all the stars have aligned for you - get off your ass and make it happen.

... thanks dude. I forgot to mention that we don't have any credit card debt, car payments, etc.. Just the mortgage, food, utilities, and my online hosting.

Thanks for the advise.

Kirby

Thanks

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Barbara Eyre 14 years ago

Jim is right in that you have a great cushion that many don't have.

Perhaps, until you got your site running with a fairly steady flow of income, get a job .... but something that won't bog you down. I know it's a huge cut in pay, but it seems as if you have plenty of cushion for now.

So, go get a job at a video store or something that is 30 hrs a week ... you will still bring in income (abeit not a great one) and it won't wear you out, so you will have plenty of time and energy to work on your site.

Either way - best of luck to you and your family!!!
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Nightengale 14 years ago

I'm so sorry you lost your job!

I went through a period of extended unemployment for over two years after I graduated from college back in 2000. It was the second most-stressful time of my life. (Probably the first...) It was INCREDIBLY stressful.

Your options really depend on your circumstances (savings and debt levels for starters), your tolerance for risk, financial goals, etc. Ultimately only you can make that choice. No one can make that decision for you.

Whatever your circumstances, risk tolerance level and preferences, my only piece of advice here would be to assume the worst-case scenario and go from there. I've seen a couple of other posts today from people contemplating quitting their jobs. It seems to me that the answer would be different for each person.

I really feel for you and wish you the best, whatever you decide.

Michelle
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- kirby 14 years ago
  
  .... thanks Nightengale. I'll keep everyone posted on what I decide to do and how I progress with that decision!
  
  Best,
  
  Kirby
  
  Thanks
  
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greatmark

14 years ago

At First my opinion I would suggest you to get a new job, secondly building a website and making it popular in such a way it gets you enough income is a long term process it wont happen in a day or two even if you work your ass off day and night. Rather working on a website can be done on your free leisure hours after work or you can hire someone and pay him, I am sure there are lots of skilled people who work for less price.

SO my Option would be till you get your site up real good continue with your work after you think your site is getting on very well leave off your work and get to your website/websites full time.

well thats my suggestion.

thank you

Thanks

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Oscar D

14 years ago

Internet marketing is not easy at all, I would find a job because then atleast you will have a plan B.

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Jesus Perez

14 years ago

Get another job. But this time, get one you like that will allow the extra hours to pursue IM.

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Scott Million

14 years ago

Originally Posted by BlueSquares

Get another job. But this time, get one you like that will allow the extra hours to pursue IM.

Thought you were on vacation, Jesus! Shoot me a PM when you're back. I've got some more work for you if you want it

Thanks
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Stangracer

14 years ago

Kirby,

Sorry about your job man...

I think you are in a great position in your life. Your only immediate need is to refi your house to a low fixed rate, bills are covered for the short term easily.

You have a business ready to go, you just need to pull the trigger.

Maybe you need to ask yourself why you haven't started your business yet. It's ready to go, you have everything you need.

Maybe it is time to face your fears. You can re-join the corporate crap race or start a new journey and see where it takes you.

I think you should go for it... ScottMillion graciously offered to help out and you should take him up on that offer.

Work your business fulltime right now, start the journey to the rest of your life. You have some time before you have to get a job, if your worried, look for a job part time while you work your business fulltime.

Jump in and see where it takes you... You might be pleasently surprised.

I wish you the best of luck...

Thanks
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jstover77

Banned 14 years ago

Hey buddy, sorry to hear about your misfortune. I was in a similar situation a little less than a year ago. I didn't make quite that much ($80K), and I had debt (car loan, and school loans).

At the time it was a very surprising layoff. I had just sold my one car (the wife used our Durango), cause I was driving the company vehicle. To make it worse my wife was pregnant with our first child, and due shortly after I got laid off. To say the least I was in a very bad spot.

I had about $22K saved up, and I had 2 options. Work at a job I completely hated, or start my own online business. I took a leap of faith, and went for it. Long story short, I invested a little over $12 in the business, and now less than a year later my business has grossed over $140K, and I make money in many other places.

So, I would say go for it. You are in the perfect situation to do it. If it doesn't work out you can always go back to a job. If you were making $250K a year, I'm sure you are a smart guy, and you could find another company that would die to have you working for them.

Best of luck with whatever route you choose.

John

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kirby

14 years ago

Originally Posted by jstover77

Hey buddy, sorry to hear about your misfortune. I was in a similar situation a little less than a year ago. I didn't make quite that much ($80K), and I had debt (car loan, and school loans).

At the time it was a very surprising layoff. I had just sold my one car (the wife used our Durango), cause I was driving the company vehicle. To make it worse my wife was pregnant with our first child, and due shortly after I got laid off. To say the least I was in a very bad spot.

I had about $22K saved up, and I had 2 options. Work at a job I completely hated, or start my own online business. I took a leap of faith, and went for it. Long story short, I invested a little over $12 in the business, and now less than a year later my business has grossed over $140K, and I make money in many other places.

So, I would say go for it. You are in the perfect situation to do it. If it doesn't work out you can always go back to a job. If you were making $250K a year, I'm sure you are a smart guy, and you could find another company that would die to have you working for them.

Best of luck with whatever route you choose.

John

... thanks John. It's funny, I had a company vehicle as well (brand new Denali), and gave my personal Expedition to my parents. Never thought that this would happen! I appreciate your story. That was a HUGE leap buddy! Glad to hear you made it. It's inspiring.

Best of luck in the future, and thanks again.

Kirby

Thanks

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kirby

14 years ago

Originally Posted by Stangracer

Kirby,

Sorry about your job man...

I think you are in a great position in your life. Your only immediate need is to refi your house to a low fixed rate, bills are covered for the short term easily.

You have a business ready to go, you just need to pull the trigger.

Maybe you need to ask yourself why you haven't started your business yet. It's ready to go, you have everything you need.

Maybe it is time to face your fears. You can re-join the corporate crap race or start a new journey and see where it takes you.

I think you should go for it... ScottMillion graciously offered to help out and you should take him up on that offer.

Work your business fulltime right now, start the journey to the rest of your life. You have some time before you have to get a job, if your worried, look for a job part time while you work your business fulltime.

Jump in and see where it takes you... You might be pleasently surprised.

I wish you the best of luck...

... thanks Stragracer. Fear has to be the number one thing that's held me back up to this point (and the fact that I was making pretty decent W-2 coin which allowed me the freedom to say, "... I'm too tired today. I'll do it tomorrow...", over and over again!

We've been fortunate enough to save a little bit for a day just like this and it really makes me happy to see the level of support on this Board. I am prepared to go either way, although, deep inside, this is the path (IM) holding the potential to not only a great income, but a great lifestyle as well (which the corporate world could NEVER provide).

Thanks again Stragracer. I'm off to create an Action Plan.

Kirby

Thanks

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pmcdonald

14 years ago

I must admit I am quite surprised to see the number of people suggesting you go back to a job - maybe I am just too jaded but you have all the pieces in place to succeed. And by the numbers you put up, and your wife working, you don't need to replace that $250K right away. Heck if you made $75K your first year you would probably get by without having to dip into that savings at all.

I quit my job two years ago to do Network Marketing full time. I quit just after my second child was born and without much of a savings at all. I cashed out my 401K and just went for it (having full support of my wife helped!)

I ended up losing my ass to the tune of over $40K and racked up more credit card debt then I care to admit and I ended up going back to a job 6 months later and am just now starting to put a little bit back into savings each month - and I mean a little bit.

But here's the thing - I wouldn't change any of it. I know that in order to get where I want to go, then I am going to have to take some risks and I am going to have to sacrifice. I admit I might have a higher risk tolerance than others but my point is this - has anyone ever done anything big in their lives without taking a chance and going for it at some point?

I used my experience as a learning experience as I realized that I enjoyed the back end marketing much more than I did the phone work which was 90% of what I was doing. I also realized that I needed to have a better plan in place which included business and income goals as I just winged it the first time around without any real sense of what I truly wanted to accomplish.

Fast forward to today - I spend every spare moment I have on my business and have finally started to figure things out - thanks to all the great people on this forum who have been willing to share their knowledge (which will be repaid tenfold in the future). I had my first $1000 month in IM in December and have a firm income plan for the next 3 years in place which includes a 15% reinvestment back into my business each month. I know exactly when each credit card, loan, and second mortgage will be paid off.

I plan to be home again for good on January 1, 2010.

To make a long story short, go for it. If things don't quite work out, use it as a learning experience and move forward - at least you wont regret not trying.

Paul

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kirby

14 years ago

Originally Posted by pmcdonald

I must admit I am quite surprised to see the number of people suggesting you go back to a job - maybe I am just too jaded but you have all the pieces in place to succeed. And by the numbers you put up, and your wife working, you don't need to replace that $250K right away. Heck if you made $75K your first year you would probably get by without having to dip into that savings at all.

I quit my job two years ago to do Network Marketing full time. I quit just after my second child was born and without much of a savings at all. I cashed out my 401K and just went for it (having full support of my wife helped!)

I ended up losing my ass to the tune of over $40K and racked up more credit card debt then I care to admit and I ended up going back to a job 6 months later and am just now starting to put a little bit back into savings each month - and I mean a little bit.

But here's the thing - I wouldn't change any of it. I know that in order to get where I want to go, then I am going to have to take some risks and I am going to have to sacrifice. I admit I might have a higher risk tolerance than others but my point is this - has anyone ever done anything big in their lives without taking a chance and going for it at some point?

I used my experience as a learning experience as I realized that I enjoyed the back end marketing much more than I did the phone work which was 90% of what I was doing. I also realized that I needed to have a better plan in place which included business and income goals as I just winged it the first time around without any real sense of what I truly wanted to accomplish.

Fast forward to today - I spend every spare moment I have on my business and have finally started to figure things out - thanks to all the great people on this forum who have been willing to share their knowledge (which will be repaid tenfold in the future). I had my first $1000 month in IM in December and have a firm income plan for the next 3 years in place which includes a 15% reinvestment back into my business each month. I know exactly when each credit card, loan, and second mortgage will be paid off.

I plan to be home again for good on January 1, 2010.

To make a long story short, go for it. If things don't quite work out, use it as a learning experience and move forward - at least you wont regret not trying.

Paul

... thanks Paul for your story. That must have been difficult, but it really sounds like you have a good outlook on your experiences and plan for the future. One more year to go and you're there! Best of luck to you. I'll stay in tough as we move forward and if I can help you in any way, please don't hesitate to contact me.

Thanks again Paul.

Kirby

Thanks
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pmcdonald

14 years ago

Originally Posted by kirby

... thanks Paul for your story. That must have been difficult, but it really sounds like you have a good outlook on your experiences and plan for the future. One more year to go and you're there! Best of luck to you. I'll stay in tough as we move forward and if I can help you in any way, please don't hesitate to contact me.

Thanks again Paul.

Kirby

You're welcome Kirby.

I'll admit it was quite difficult when I had to make the decision to go back to a job. It was about my lowest point in life. But being home with my wife and kids for those 6 months, having that freedom, gave me a taste of what I absolutely wanted my life to look like. So instead of wallowing in my own sorrow, I used it as a motivating factor for me to continue to move forward.

It's funny that so many people think having a job is "security", and I admit I used to be one of those people, but only because that is what I was taught growing up - go to school and get good grades so you could go to school and someday work your way to the top. But there is no security in that.

Is having little or no control over your income or schedule security?

Is knowing that you could be fired or laid off on a whim security?

Is security knowing that some bone-headed decisions being made by the leaders in your company could one day cause it to go under and you would lose your job anyway?

NO - security is knowing that if someone took away everything you had - house, money, credit cards, etc. and threw you out in the desert somewhere that you would have the ability to get up, dust yourself off, and get it all right back and then some for the simple reason that you knew you could. THAT is security.

Go out on your own, never stop until you succeed and when you do, you'll have established a firm belief in yourself that you can do whatever you want in life and you'll have all the security you'll ever need.

I appreciate your offer of assistance and I'll extend mine as well - definitely keep me informed of your progress, and let me know if there is anything I can assist you with. I've got the mindset stuff down pat, just working out the business details now

Best of luck to you as well.

Paul

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Scott Million

14 years ago

Originally Posted by pmcdonald

I must admit I am quite surprised to see the number of people suggesting you go back to a job - maybe I am just too jaded but you have all the pieces in place to succeed. And by the numbers you put up, and your wife working, you don't need to replace that $250K right away. Heck if you made $75K your first year you would probably get by without having to dip into that savings at all.

I quit my job two years ago to do Network Marketing full time. I quit just after my second child was born and without much of a savings at all. I cashed out my 401K and just went for it (having full support of my wife helped!)

I ended up losing my ass to the tune of over $40K and racked up more credit card debt then I care to admit and I ended up going back to a job 6 months later and am just now starting to put a little bit back into savings each month - and I mean a little bit.

But here's the thing - I wouldn't change any of it. I know that in order to get where I want to go, then I am going to have to take some risks and I am going to have to sacrifice. I admit I might have a higher risk tolerance than others but my point is this - has anyone ever done anything big in their lives without taking a chance and going for it at some point?

I used my experience as a learning experience as I realized that I enjoyed the back end marketing much more than I did the phone work which was 90% of what I was doing. I also realized that I needed to have a better plan in place which included business and income goals as I just winged it the first time around without any real sense of what I truly wanted to accomplish.

Fast forward to today - I spend every spare moment I have on my business and have finally started to figure things out - thanks to all the great people on this forum who have been willing to share their knowledge (which will be repaid tenfold in the future). I had my first $1000 month in IM in December and have a firm income plan for the next 3 years in place which includes a 15% reinvestment back into my business each month. I know exactly when each credit card, loan, and second mortgage will be paid off.

I plan to be home again for good on January 1, 2010.

To make a long story short, go for it. If things don't quite work out, use it as a learning experience and move forward - at least you wont regret not trying.

Paul

Right on Paul. Right on. You have 'the mindset', and that's 90% of the game. Few people allow themselves to plow into the unknown.

Just ask yourself,

"What's the WORST that could happen?"

Accept that fate and write down what you would do if that occurred.

DONE - now you're free.

IMO, the worst that could happen is that you never do it and end up an old man / women wondering why you're still asking the same question, "What if".

Paul, you might consider doing seminars and tell your story. Great stuff.

Thanks

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Scott Million

14 years ago

Originally Posted by kirby

Hello Everyone,

I've got an interesting story I'd like to share and need advice (or confirmation of what I'm thinking).

Yesterday, I was laid off from a job that paid in excess of $250K per year. My wife and I are in the process of adopting a child and we own our own home (a 5/1 ARM which begins to fluctuate in Decmber of this year, 2009). We've built a savings account of around $80K, my wife works (makes about $58K/YR), and our monthly expenses total approximaley $5500/MO).

I've been tinkering around with IM for about 5YRS now but have been sitting on the fence, i.e., no launch. I have my own website (CMS), have developed my own content (30+ hours of professional tutorial videos on a popular Adobe product), have a merchant account, list server, and pretty much everything else I'd need to launch this business (with the exception a list).

I am extremely pissed at how this whole thing came down yesterday and am finally at the point where I truly don't want to work for anyone anymore.

Given the above, I have two choices:

1. Start looking for work knowing that I'd probably end up hating it shortly thereafter (although, it would be a stop gap in terms of income).

2. Work my ass off, day to night, open the doors to my site, drive traffic, and make it work (subscription model).

If this were you, what would you do? My wife fully supports any direction I want to take and has complete confidence in me. It's my own mind that keeps getting in the way.

What do you think? I don't care if your comments range from, "dude, get off your ass and make it happen - stop feeling sorry for yourself", to, "get another job quick".

Thanks in advance for your ear. If you have any questions, please ask.

Thanks again.

Kirby

Kirby, go for it. I quit my job before I was full time IM and I made it work. Sometimes you need a kick in the ass to get things going.

If you'd like, I'd be willing to talk to you about how to launch a full blown income online very quickly. I've got some bandwidth today and I always enjoy helping people who are willing to take action.

I normally scoff at these posts, but you're not looking for sympathy, rather a solution that you're ready to run with.

Shoot me a PM with your number if you're in the US or you can skype me: scottmillion.

No strings attached.

Up to you,

Scott

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absbica

14 years ago

Can you find a new job that pays you similar to $250g's per years. There are TONS of Im'ers from what I have seen that don't even make close to that.

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kirby 14 years ago

Originally Posted by absbica

Can you find a new job that pays you similar to $250g's per years. There are TONS of Im'ers from what I have seen that don't even make close to that.

... I could, but I also understand that it will come with a lot of collateral issues (which I'll endure if I decide to take that course of action).

I don't need to make that kind of income right away. If I could simply break even with our monthly expenses to start, that's all I want. I know if I can get to that point relatively quickly, it'll take off from there.

Thanks for your input and thoughts!

Kirby
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peter gibson

14 years ago

Kirby, another friend of mine asked me something similar. He wanted to know if he should quit his job since online he was making more money.

I would suggest that since you have a cushion of a years income (to pay your monthly expenses), then take some time and work hard at IM before jumping into another job that will end up making you go postal. You are in a fortunate position to have the means to pay for help in certain areas, which lessens your workload with IM (in certain areas)

I certainly wouldn't expect to be making a crapload of cash at IM right away, (however that is possible) but given some time you will begin to see if your methods are going to pan out. There is a learning curve of course, but it is possible that with intelligent action, a proper system and plan, you can match or surpass your current yearly salary.

So I guess what I am saying is that if you have the means to live without the fear of the electricity getting shut off, take on this beast and work it to the bone and eventually you will know if it's the thing that floats your boat.

Oh, and, dude, get off your ass and make it happen!! ;-)

Good luck and if I can help in any way PM me. I have left my job recently - by choice - and have already made this decision. Now I'm just running full bore and I gotta say I love it!

Thanks
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kirby 14 years ago

... thanks Peter for your thoughts. I'll keep you in the loop with how I'm coming along and what direction I'm going to take.

Best,

Kirby
- Thanks
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greatmark

14 years ago

it will be good if you let us know the progress.. and dude you forgot to say thanks to me!! thats not good!!

lol..

Thanks
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kirby 14 years ago

... sorry Mark. Thanks! I'm extremely grateful for all of the replies and am trying to keep up! I'll definitely keep you in the loop with how everything turns out.

Kirby
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- jmidas 14 years ago
  
  Kirby, sorry to hear about the lay off - but like Ryan said: sometimes things happen for a reason.
  
  My advice: get a new job AND work you ass off in the evenings to get to the point where IM can support you - not the 250K a year level, but enough to pay your bills without touching savings. The new job does not have to be at the 250K level either - it may be nice to have less responsibility (but less income) while you are working hard on the IM job.
  
  Secondly, you mentioned your mortgage adjusting this year. You may want to quickly get a job and refi to a fixed rate (if you have any equity to do the refi) while you are employed. Once you become self employed, you are in the "penalty box" for a least two years until you have income from your new business. You may want to address that now so it does not bite you in the ass later. Plus, rates will never be lower than they will be for the next couple months. If you have any mortgage-type questions, PM me and I can answer them for you.
  
  Best of luck.
  
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Janet Sawyer

14 years ago

Kirby,

Whilst no one other than yourself and your wife can make the final decision. I just thought I'd share this "teaching" with you. ;-)

J.O.B. = Just Over Broke .
Entrepreneur = Mogul / Tycoon.

Best wishes for whatever direction you choose to go.

Thanks
1 reply

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kirby

14 years ago

Originally Posted by Janet Sawyer

Kirby,

Whilst no one other than yourself and your wife can make the final decision. I just thought I'd share this "teaching" with you. ;-)

J.O.B. = Just Over Broke .
Entrepreneur = Mogul / Tycoon.

Best wishes for whatever direction you choose to go.

... love it Janet. Thanks!

Thanks

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garrypalomo

14 years ago

Look for another job! Take it easy lot of opportunity outside waiting for you. and don't lost hope!. Maybe this is the time to have a big break... opportunity will come soon! who knows!

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Scott Million

14 years ago

Originally Posted by garrypalomo

Look for another job!

Why?

With his savings and his wife's income he could live comfortably for 8-12 months...WAY MORE than enough time to generate $4-$8K / mo online.

Two of my friends quite their jobs a month and a half ago and are now making $90-$120 / day on autopilot doing affiliate review sites. I just did a few webinars with them and handed them some of Rempel's VIP reports and then they did something amazing...they did it, lol.

No reason why Kirby can't do the same.

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Glenn Newsome

14 years ago

Originally Posted by Scott Million

Why?

With his savings and his wife's income he could live comfortably for 8-12 months...WAY MORE than enough time to generate $4-$8K / mo online.

Two of my friends quite their jobs a month and a half ago and are now making $90-$120 / day on autopilot doing affiliate review sites. I just did a few webinars with them and handed them some of Rempel's VIP reports and then they did something amazing...they did it, lol.

No reason why Kirby can't do the same.

Because even at 8k a month = 96k/yr He was making 250K/yr! I say go common sense and get a job and work on the IM stuff until at least launched and making something.
His savings will not last that long if he continues his old lifestyle, otherwise the savings would be much more.

If he is willing to accept and live on less---then go for it.

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Teresa Coppes

14 years ago

I have no pearls of wisdom to share but wanted to wish you the best of luck in whatever you decide.

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Kim Standerline

14 years ago

Hmm I don't agree

I would imagine the fact he was earning such a good salary was part (if not most) of the reason he just "dabbled" in IM, after all he didn't have any incentive to do anything else than look at it as a hobby.

Normally I'd be inclined to advise you to get a job, but as you are lucky enough to have such a "cushion" why don't you give yourself six months off and see how well you do

Good luck in whatever you decide

Cheers
Kim

Originally Posted by NathanFalkner

Not knowing anything about you other than what you've
posted above, I'd be reluctant to wager you'll do anything
in the next 5 years that's any different from the past 5.

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kirby

14 years ago

Originally Posted by Kim Standerline

Hmm I don't agree

I would imagine the fact he was earning such a good salary was part (if not most) of the reason he just "dabbled" in IM, after all he didn't have any incentive to do anything else than look at it as a hobby.

Normally I'd be inclined to advise you to get a job, but as you are lucky enough to have such a "cushion" why don't you give yourself six months off and see how well you do

Good luck in whatever you decide

Cheers
Kim

Hi Kim,

Thanks for your reply. Your statement is very true, although, until you stated it, it never really hit home, i.e., the income was great, my wife and I were having fun, and my business just sat there as a "hobby" (although I never called it that)!

That's why I'm inclined to feel that the emotions I'm now feeling given the events of yesterday will give me the desire to succeed that I never really had before. I'm getting a lot of good feedback on both sides of the fence and really appreciate the thoughts.

Thanks again Kim,

Kirby

Thanks

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kirby

14 years ago

Originally Posted by NathanFalkner

Not knowing anything about you other than what you've
posted above, I'd be reluctant to wager you'll do anything
in the next 5 years that's any different from the past 5.

To that end, I'd recommend getting another job where you
will be "forced" to do work and be given a paycheck. Then, in
your spare time, see if you can do something in the IM space
that would enable you to eventually quit your job.

Maybe your wife can act as an accountability partner and
essentially keep your feet to the fire and make sure you're
not screwing around for another 5 years and are instead
diligently working to start and grow a business of your own.

Hi Nathan,

Very fair and reasonable reply. Thanks for speaking your thoughts. I'll think about that as I begin to roll-out my next move and keep you posted.

Thanks again.

Kirby

Thanks
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Lizrhw

14 years ago

I would normally be quite conservative and support views suggesting you get a job and work your online biz on the side until you get it where you want it to be, then quit your other job to devote yourself to the online biz.

However- this is your "forced" "chance" to use your (and your wife's) high motivation and need for income (because you know you won't be happy watching your savings get depleted month after month for too long) to get you moving this time until you DO make your online business succeed.

It sounds like you already have a lot of the pieces together and now need to focus on marketing/advertising/getting customers. With joint ventures, affiliates, ideas and suggestions through the wf folks, and your wife as that accountability partner mentioned above, you have a lot of things stacked in your favor towards beginning/launching your online business.

Finally, because I am conservative, I would suggest you and your wife pick a specific # of months or pick a specific date on the calendar (and circle it), by which you need to reach and see a specific financial goal achieved with your online business (for example 3 or 4 months from today) so you can at that time decide if you are making enough money and progress to keep going with your online business alone or not - if not at that time yet, then if you don't want to further deplete your savings, you can get a job at that time to help supplement until your online business is bringing in enough money.

Liz

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kirby

14 years ago

Originally Posted by Lizrhw

I would normally be quite conservative and support views suggesting you get a job and work your online biz on the side until you get it where you want it to be, then quit your other job to devote yourself to the online biz.

However- this is your "forced" "chance" to use your (and your wife's) high motivation and need for income (because you know you won't be happy watching your savings get depleted month after month for too long) to get you moving this time until you DO make your online business succeed.

It sounds like you already have a lot of the pieces together and now need to focus on marketing/advertising/getting customers. With joint ventures, affiliates, ideas and suggestions through the wf folks, and your wife as that accountability partner mentioned above, you have a lot of things stacked in your favor towards beginning/launching your online business.

Finally, because I am conservative, I would suggest you and your wife pick a specific # of months or pick a specific date on the calendar (and circle it), by which you need to reach and see a specific financial goal achieved with your online business (for example 3 or 4 months from today) so you can at that time decide if you are making enough money and progress to keep going with your online business alone or not - if not at that time yet, then if you don't want to further deplete your savings, you can get a job at that time to help supplement until your online business is bringing in enough money.

Liz

... great advise Liz. Thanks.

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Jim Hallmark 14 years ago

Hi Kirby,
Sorry to hear about the job man. Having been in that situation before I totally understand. It sucks!

I think one of the questions you need to ask yourself is what is your risk comfort level? You didn't say what you did for a living and I realize that it is pure speculation but how long would you anticipate it would take you to find a similar job and pay?

If there is some doubt about you finding another job right away and you have any aversion to risk you might want to consider putting your resume out there wherever you can and hope you get the call while you work your a$$ off to get your IM business off the ground.

If you land a job right away you can use it as a stop gap until you get your IM business up to a level that allows you the freedom to walk away. from the J.O.B.

If you have no problems with risk then I would seriously consider jumping into IM full time and give it all you've got. You have people on this forum offering their help and you have ample savings and no CC debt.

Best of luck in whatever you decide to do.
Jim
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gorri 14 years ago

Take a job to be on the safe side, then start this.
Because you might not be making as much as you want this year, it might take some take to get your income up.
So if I were you, I'd get a job, but if I were stupid me in this situation, I would take a one good night sleep, no matter if its a day or night, appreciate the peace, alone sleeping. Then wake up and get crazy and get your goal.
And have 2 plans, 1st plan: get into the safe side, earn enough money online to be really just safe and making enough money. plan 2: Get rich! Put some in bank! Own a lot of money!
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Rich Stevens 14 years ago

I say go for it! If you know that you hate working for someone else, then do not do it! Make a conscious decision to make it work on the internet and you will do it. We really can do anything we set our minds to. Never forget that. Also, kick "failure" out of your dictionary... you will succeed if you do not know how to fail.
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PRandContent

14 years ago

I may not consider myself an expert in online marketing and I may not show proofs of staggering success through working online but I can say that I am successful in following my instincts and really pushing through with what I love to do. I used to have the typical 9-5 type of jobs but a little over a year ago, I pursued my dreams of going into business full-time (and majority of the businesses I'm involved with are online businesses). Needless to say, I never looked back.

I think you're very lucky that your wife supports you and that really matters. I say come up with a solid plan that you know you could follow for the next few months, invest your time in it and really tap all possible avenues for your business to flourish. Come up with REALISTIC goals. Ones that you feel you could achieve within a REALISTIC period of time. Also, you must be ready for the possibilities that you may not earn the same amount in the first few weeks/months but eventually things will pay off.

Good luck,

Irene

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kirby

14 years ago

Originally Posted by PRandContent

I may not consider myself an expert in online marketing and I may not show proofs of staggering success through working online but I can say that I am successful in following my instincts and really pushing through with what I love to do. I used to have the typical 9-5 type of jobs but a little over a year ago, I pursued my dreams of going into business full-time (and majority of the businesses I'm involved with are online businesses). Needless to say, I never looked back.

I think you're very lucky that your wife supports you and that really matters. I say come up with a solid plan that you know you could follow for the next few months, invest your time in it and really tap all possible avenues for your business to flourish. Come up with REALISTIC goals. Ones that you feel you could achieve within a REALISTIC period of time. Also, you must be ready for the possibilities that you may not earn the same amount in the first few weeks/months but eventually things will pay off.

Good luck,

Irene

... thanks PRandContent. Your comments about setting goals and action plans is right on. Remember, goals need to be "S.M.A.R.T.": Specific, Measurable, Attainable, Realistic, and Timely!

Thanks again.

Kirby

Thanks

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keyaziz 14 years ago

Go for it!

You will know when it is time to get a job..and it isnt right now. Take the opportunity to do some serious IM.
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Mark Kaye

14 years ago

"Getting fired is nature's way of telling you that you had the wrong job in the first place!" - Hal Lancaster

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Tsnyder

14 years ago

Kirby...

I usually advise people to hang on to some kind of income
security while building their online business but I don't believe
that advice would serve you well.

As others have pointed out you have the financial cushion to
weather the learning curve. After 5 years of dinking around you
also have the in-your-face motivation that often catapults
people to great wealth.

Being in the income bracket you mentioned I'm also convinced
there aren't many stupid people earning that level of income so I'm
not worried about you being one of those starry-eyed-pie-in-the-sky
dream chasers who never achieve anything substantial.

Make the plan... draw up the "blueprint"... get to work... and never look back.

Tsnyder

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kirby

14 years ago

Originally Posted by Tsnyder

Kirby...

I usually advise people to hang on to some kind of income
security while building their online business but I don't believe
that advice would serve you well.

As others have pointed out you have the financial cushion to
weather the learning curve. After 5 years of dinking around you
also have the in-your-face motivation that often catapults
people to great wealth.

Being in the income bracket you mentioned I'm also convinced
there aren't many stupid people earning that level of income so I'm
not worried about you being one of those starry-eyed-pie-in-the-sky
dream chasers who never achieve anything substantial.

Make the plan... draw up the "blueprint"... get to work... and never look back.

Tsnyder

... thanks Tsnyder. I appreciate your comments and confidence in my abilities. I'll keep you posted on what direction we take and how we progress. You're correct about the "in-your-face" motivation! If nothing more than to free myself once and for all from working for ding-dongs permanently! I use the term "ding-dongs" to avoid any posting filters!

Best,

Kirby

Thanks

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CurtisN

14 years ago

Hi Kirby,

While you do have a considerable amount of cash saved up and your wife still has her job, you still need to have cash flow to support your Internet Marketing businesses. No offense, but there's nothing worse than a newbie with some cash ready to throw money at his/her problems looking for a quick fix.

The IM industry takes time to learn, and while you take the time to learn, your savings will slowly diminish and you might start getting more desperate. That's when emotion starts affecting your decisions. To get started as a newbie, you need focus. To stay focused, your head needs to be clear.

My advice would also be to secure another job for the cashflow. Small businesses take on average 3-5 years I think to become profitable. In IM, that timeframe is 1-2 years based on what I've seen. I have no doubt that you can succeed, but unfortunately, it'll take time. It really depends on how strategic you are with your learning and how level-headed you stay throughout this ordeal.

Good luck,
Curtis

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billaaa777

14 years ago

Hello Kirby,

Sorry to hear about your predicament. I was in a very similar situation a few years ago. I am a CPA and was controller and CFO of various firms. I hated my jobs and was always being asked to do something illegal by the owners.

Finally, I said enough is enough. I ended up moving to Thailand and teaching accounting at a university. The job did not pay enough, so I started buying, renovating and selling condos. Which, I did very good at until the world wide economic melting down.

I knew unless I wanted to go back to accounting, which I am determined NEVER to do again I needed to start making money online. I started researching about six months ago and have had my site up for 4 months now. I knew nothing when I started and don't know too much more now.

The 1st month I made $150, the 2nd $300, the 3rd $500 and the 4th $1,000. I can't see anyway with those monthly increases by the end of the year I am not making $5,000. Imaging what I would make if I only knew what I was doing.

Of course, those are not the same numbers you or I were making when we left our professions. But, then again the numbers we made when we left our jobs were not the same amounts we made when we started our jobs either.

I can certainly see, in fact I have developed a business plan where I will be making the numbers you made in three to four years and having the financial freedom a job could never provide.

Best of luck with what ever you decide.

Bill

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rosetrees 14 years ago

You don't say what work kind of job you did.

Is it a field where you could pick up short term contract or consultancy work? That would be my suggestion. Rather than tying yourself down to another job, I would suggest becoming self-employed on a consultancy basis. Then start developing your IM business as well.

As the IM business becomes succesful you can cut back on the contract/consultancy business.

Good luck
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jnapier

14 years ago

Hey Kirby,

You've gotten some great advice, but let me ask you a question. What type of work did you do. If you can sell, that'll help in which direction you might go. You should have a TON of knowledge and if you know how to apply the knowledge...you've got a business.

If your not a sales type person or you've never done sales. It might be a good idea to look for another job, BUT....build out your own business as well. you've got some down time so put it to work GETTING CLIENTS and learning how to do that.

Jay NaPier

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Kat Bartone 14 years ago

Hi Kirby,

I've read some but not all of the previous responses, so I'm sorry if this is redundant.

First, a question. Do you know if you are eligible for unemployment compensation? If you were laid off, I think that in most states you'd be eligible for compensation for some period that varies state to state. Could be six months, a year, etc. Something to check on.

If you are eligible, then that's an opportunity for you to continue to have cash flow while you get your home business really moving.

Mostly I think that it's very important that you make this decision in concert with your wife, so that she is fully vested in the decision and the reasoning behind it. This way you'll all be pulling in the same direction.

Take care, and all the best.

- Kat
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kirby

14 years ago

Originally Posted by jnapier

Hey Kirby,

You've gotten some great advice, but let me ask you a question. What type of work did you do. If you can sell, that'll help in which direction you might go. You should have a TON of knowledge and if you know how to apply the knowledge...you've got a business.

If your not a sales type person or you've never done sales. It might be a good idea to look for another job, BUT....build out your own business as well. you've got some down time so put it to work GETTING CLIENTS and learning how to do that.

Jay NaPier

Hi Jay,

I was the VP of OPS for a large Federal DoD Contractor building C&I Projects for the Navy and ACOE. The model I'm ready to launch is built around a recurring revenue stream in the form of a membership site (online training for a specific high demand software product). In fact, the market is so hungry that the market training revenue exceeds the software sales revenue for the Company.

Thanks for your advise and thoughts! I appreciate it.

Kirby

Thanks

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AndyCamden

14 years ago

Man it looks like you are in great financial standing and you have definelty built a little nest egg for yourself. You are living within your means.

I would personally recommend investing in a WSO that kicks ass. I mean one that is getting rave reviews. Read it and then execute. I would also try and find someone else to partner with you to create a mastermind and synergy.

I just added a guy to my team and we are both learning the CPA business. Its SO MUCH easier having someone else helping out and it keeps me strive towards my goals as an IM.

Also, START READING BOOKS ON SUCCESS. I recommend the Law of Success and/or Think And Grow Rich by Napoleon Hill to start. Your not only reading to learn, but its food for your mind and keeps your thinking on the right path.

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kirby

14 years ago

Originally Posted by AndyCamden

Man it looks like you are in great financial standing and you have definelty built a little nest egg for yourself. You are living within your means.

I would personally recommend investing in a WSO that kicks ass. I mean one that is getting rave reviews. Read it and then execute. I would also try and find someone else to partner with you to create a mastermind and synergy.

I just added a guy to my team and we are both learning the CPA business. Its SO MUCH easier having someone else helping out and it keeps me strive towards my goals as an IM.

Also, START READING BOOKS ON SUCCESS. I recommend the Law of Success and/or Think And Grow Rich by Napoleon Hill to start. Your not only reading to learn, but its food for your mind and keeps your thinking on the right path.

... great stuff Andy. Thanks. So you must be diving into the Arbitrage or PPCF? I've heard great things about that model if done correctly. Did you read the recent blog post by Jerry West: Don’t Buy The Arbitrage Conspiracy - I Was There in Vegas (just an FYI - I don't know either way as this is not my market).

Thanks again Andy. Best of luck to you in the future.

Kirby

Thanks

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writergirlk

14 years ago

I'd just jump in and launch your business!

Someone mentioned that the stars are aligned for you - and they are. Focus all your energy on it. Make some sacrifices if you have to, knowing in the long run you WILL make this work. I believe everything happens for a reason and I would interpret the events that transpired leading up to your layoff as a sign that it's now time to make a go of IM.

If I were in your situation, that's exactly what I'd do. Just jump in. For me, if I were to get another job - I know very well what I'd do with IM. Nothing. Having a J.O.B I don't like sucks all the energy out of me, leaving little steam left for other pursuits.

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kirby

14 years ago

Originally Posted by kohuether

I'd just jump in and launch your business!

Someone mentioned that the stars are aligned for you - and they are. Focus all your energy on it. Make some sacrifices if you have to, knowing in the long run you WILL make this work. I believe everything happens for a reason and I would interpret the events that transpired leading up to your layoff as a sign that it's now time to make a go of IM.

If I were in your situation, that's exactly what I'd do. Just jump in. For me, if I were to get another job - I know very well what I'd do with IM. Nothing. Having a J.O.B I don't like sucks all the energy out of me, leaving little steam left for other pursuits.

Hi kohuether,

That's exactly how I felt ... like my energy, happiness, and passion were being sucked out of me every day! All for what. Money! Don't get me wrong, I want to make money (much more than what I was making for someone else). But I'm beginning to seriously question at what expense. I live in freakin' San Diego and barely had the time to enjoy it (haven't been surfing in over four months!).

Thanks for your input. I appreciate it.

Kirby

Thanks
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sjchiz

14 years ago

Originally Posted by kirby

Hi kohuether,

That's exactly how I felt ... like my energy, happiness, and passion were being sucked out of me every day! All for what. Money! Don't get me wrong, I want to make money (much more than what I was making for someone else). But I'm beginning to seriously question at what expense. I live in freakin' San Diego and barely had the time to enjoy it (haven't been surfing in over four months!).

Thanks for your input. I appreciate it.

Kirby

I think the above says things perfectly. I'm really not sure why people say to get a "new job" here either especially with your current financial situation.

I was laid off from my last job 3-4 months ago and have been setting up my IM career in the meantime. I have also been looking for "a job" somewhat out of spite and my personally bad financial situation.

I can only say that in my job market, which is sales, good positions seem few and far between right now. Nobody wants to pay anybody and accepting a position on "commission only" to be hounded by some prick who isn't paying me because "I don't do things the way he thinks I should," doesn't sit too well with me.

Sounds about as fun as wasting 30 hours a week working in a video store for $5 per hour that's gonna close because of netflix. Talk about irony!!

The only thing I can say is that I am really glad that I focused energy more on IM than on pursuing another career. If you truly want your "energy, happiness, and passion sucked out of you" even more, hit the street and look for another career in our crappy economy. Talk about depressing....

No matter what you do with this time ... do something you want to do and keep working on your IM launch regardless! And for crying out loud - GO SURFING!!!

There are obviously no guarantees with IM and there will be no guarantees that you find another job soon or one that you would be happy with anyways. I think this choice is simple...

Keep us posted on your situation and I would wish you good luck, but I really don't think you need it. You've already created your own luck with the blessed situation you are in right now. Now all you have to do is capitalize on it! (:

Scott

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kirby

14 years ago

Originally Posted by sjchiz

I think the above says things perfectly. I'm really not sure why people say to get a "new job" here either especially with your current financial situation.

I was laid off from my last job 3-4 months ago and have been setting up my IM career in the meantime. I have also been looking for "a job" somewhat out of spite and my personally bad financial situation.

I can only say that in my job market, which is sales, good positions seem few and far between right now. Nobody wants to pay anybody and accepting a position on "commission only" to be hounded by some prick who isn't paying me because "I don't do things the way he thinks I should," doesn't sit too well with me.

Sounds about as fun as wasting 30 hours a week working in a video store for $5 per hour that's gonna close because of netflix. Talk about irony!!

The only thing I can say is that I am really glad that I focused energy more on IM than on pursuing another career. If you truly want your "energy, happiness, and passion sucked out of you" even more, hit the street and look for another career in our crappy economy. Talk about depressing....

No matter what you do with this time ... do something you want to do and keep working on your IM launch regardless! And for crying out loud - GO SURFING!!!

There are obviously no guarantees with IM and there will be no guarantees that you find another job soon or one that you would be happy with anyways. I think this choice is simple...

Keep us posted on your situation and I would wish you good luck, but I really don't think you need it. You've already created your own luck with the blessed situation you are in right now. Now all you have to do is capitalize on it! (:

Scott

... that's awesome Scott. Thanks for the encouragement and "reality check". I do understand why some of us think it's best to find security through W2 work which is why I've allowed myself to climb that ladder for so long (flip side being a serious distraction to my true passion). I'm weighing both sides, but am seriously leaning towards going full on as of this evening - and I mean full on like my life depended on it.

It's all about freedom for me now.

Thanks again.

Kirby

Thanks

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KarenMcG

14 years ago

Kirby,

I'm sorry to hear about your predicament.

Those on here who've posted before me have given you such great advice. There's little I can add. Except, I have no doubt you'll make the best decision for you and your family.

I'd be a little inclined to at least try to find a part-time job on the one hand. On the other, though, with your assets and a portfolio like yours I could probably be persuaded to jump off the ledge.

Good luck at whatever you decide. In the end, you'll be the one living with it.

Karen

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Rob Howard

14 years ago

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CurtisN

14 years ago

Originally Posted by ccmusicman

I'm not seeing why everyone has said "get a new job".

Why would anyone want to submit themselves to that? Especially in your position...pull the trigger! Be different from everyone else! Secure your own happiness...

My parents tell me all the time - "Rob, I don't know how you're going to have financial security with this online crap."

And then my dad is laid off from work. I'm now making more than him.

Moral of the story - I'm making my own wealth, my family was working, making someone else wealthy.

Go do it, friend, and never work to make someone else rich again.

Rob

Rob,

It's great that you're making your own wealth, but this thread is about Kirby, not you.

Curtis

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kirby

14 years ago

Originally Posted by ccmusicman

I'm not seeing why everyone has said "get a new job".

Why would anyone want to submit themselves to that? Especially in your position...pull the trigger! Be different from everyone else! Secure your own happiness...

My parents tell me all the time - "Rob, I don't know how you're going to have financial security with this online crap."

And then my dad is laid off from work. I'm now making more than him.

Moral of the story - I'm making my own wealth, my family was working, making someone else wealthy.

Go do it, friend, and never work to make someone else rich again.

Rob

... too true Rob. Thanks for your story. Keep it up and kick ass!

Kirby

Thanks

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Puusep

14 years ago

Hy Kirby,

I've been in your shoes. And I had exactly two same options. I was sick and tyred of working for someone else.

I did what my inner voice told me, and chosed to develop my own business. It's hard at the beginning, but if you really get into it then it's kind of addictive, and it feels better than working for someone else.

So I hope you'll get your business going, especially if you've already done so much work. Just have some belief and confidence in yourself and you'll get where you want.

Martin

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John-K.

14 years ago

Hi Kirby,

I don't really have much advice for you, but I can certainly relate. My wife has a pretty good paying job right now, but the company seems to be falling apart and we feel her layoff is imminent. I just finished law school, but I haven't taken the bar yet and it will be at least six months before I can generate any income in that field.

I'm trying to start a membership site as well that can at least hold us over until I can start practicing law, and hopefully to supplement our income long term. I'm sure that if you do what you know deep down is best for you, then all will work out.

Best of luck,
John

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Dana_W

14 years ago

Just my perspective - it is REALLY hard to launch a full time internet business while working. The fact that you're not working any more means you can devote yourself to getting an IM business up and running much faster than you would if you came home from a draining job that you hate, spent some time with your wife and child, and THEN tried to muster up energy and enthusiasm for starting an IM business.

I didn't have significant success until I quit my full time job last year. I did have a financial cushion of a few months worth of cash, and by the time that ran out i was able to support myself full time online.

Thanks
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kirby

14 years ago

Originally Posted by Dana_W

Just my perspective - it is REALLY hard to launch a full time internet business while working. The fact that you're not working any more means you can devote yourself to getting an IM business up and running much faster than you would if you came home from a draining job that you hate, spent some time with your wife and child, and THEN tried to muster up energy and enthusiasm for starting an IM business.

I didn't have significant success until I quit my full time job last year. I did have a financial cushion of a few months worth of cash, and by the time that ran out i was able to support myself full time online.

... that's awesome Dana. Thanks for the inspiration.

Kirby

Thanks

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4today

14 years ago

good luck Kirby. There is plenty of advice here.

I lost my job while my 2 kids where still in college. They took out loans to finish, and I found aother job - but I feel real guilty about the loans. Didn't want to burden them. But life doesn't always deal you a good hand.

I am doing what I can to help them out. Slowly building a decent income back up. It takes time.

Good luck to you.

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kirby

14 years ago

Originally Posted by 4today

good luck Kirby. There is plenty of advice here.

I lost my job while my 2 kids where still in college. They took out loans to finish, and I found aother job - but I feel real guilty about the loans. Didn't want to burden them. But life doesn't always deal you a good hand.

I am doing what I can to help them out. Slowly building a decent income back up. It takes time.

Good luck to you.

... thanks 4today. Good luck as you move forward! Keep at it!

Kirby

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Kurt Henninger

14 years ago

First of all...I am sorry you got fired. I never like anything like that to happen to someone.

Personally, I would try to make your own online/affiliate business work. When ever in your life will you have a chance to fully make something happen like this? You obviously have been tinkering around with it for a reason.

Go for it my friend. At the end of the day, at least you know you gave it your best shot!

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PassiveProfits

14 years ago

Kirby,

Is this your first child. Wow, a baby will turn your world upside down. Get going on the IM and find steady employment at the same time. Maybe by the time your adoption is finished you will be in a place where you or your wife can stay home with the baby.

Speaking from the perspective of a stay at home mom, it is worth all the effort to make money online so one of you can be at home with the kids. lol

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kirby

14 years ago

Originally Posted by PassiveProfits

Kirby,

Is this your first child. Wow, a baby will turn your world upside down. Get going on the IM and find steady employment at the same time. Maybe by the time your adoption is finished you will be in a place where you or your wife can stay home with the baby.

Speaking from the perspective of a stay at home mom, it is worth all the effort to make money online so one of you can be at home with the kids. lol

... thanks Shauna!

Thanks

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Talltom1

14 years ago

A few weeks ago, the founder of LinkedIn (can't remember the name right now...) made a comment...."every individual has become their own business enterprise", meaning that you are either self-employed, or you were still selling your skills in a traditional employment situation.

So, whatever decision you make, treat it like a business venture.

Talltom

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kirby 14 years ago

... thanks Talltom!
- Thanks
- 1 reply
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- LoreCee 14 years ago
  
  Kirby--good luck with whatever you decide to do. Your financial position shows that you've been successful so far (even if you need to add happiness and fulfillment to the mix) so that should give you confidence for your next move.
  
  My 2c, take it for what it's worth:
  
  Most serious business owners that I know bootstrapped their operation by taking some hourly consulting/fee for service work in the beginning. Once the recurring/passive income started flowing in, they dumped the consulting. If you have contacts in the industry you've been working in, think about putting your anger aside and asking them to help you out. Consulting can be intense and a distraction from your IM projects, but you can do it on your own schedule and it's not nearly as brain-numbing as a full time job.
  
  IM is tough and the money won't come overnight. Take the long view. Right now you have the momentum from working full time to keep you on track with your work habits. If you're used to structure, take advantage of the leftover structure from your job to set up a plan and good work habits on your IM. In six months you won't have the self-discipline unless it becomes ingrained now, and if your income hasn't met your expectations by then, you'll spend more time worrying than working as your bank balance dwindles every month. Trust me on this--I've been there.
  
  Finally, learn some good SEO techniques if you plan to sell your membership product online. WF is not the best place to learn about SEO. If you google make money online beginners, you'll land on the right doorstep and the information is free.
  
  Best,
  Loretta
  
  Thanks
  
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  kirby 14 years ago
  
  ... thanks Loretta.
  
  Thanks
  
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bshearer

14 years ago

Kirby,

Dude! I am with you. I was fired two years ago. The difference is I have
continued to try and find other jobs. They just are not there in my locale.
So I will resort to odd jobs and IM.

Just keep the faith in yourself, give time to your wife and remember you have
friends here.

Buddy

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kirby

14 years ago

Originally Posted by bshearer

Kirby,

Dude! I am with you. I was fired two years ago. The difference is I have
continued to try and find other jobs. They just are not there in my locale.
So I will resort to odd jobs and IM.

Just keep the faith in yourself, give time to your wife and remember you have
friends here.

Buddy

... thanks Buddy. I appreciate the sincerity. Good luck to you as well living your dreams!

Best,

Kirby

Thanks
1 reply

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Fioricet 14 years ago

Hang in there I was fired a couple months ago , do not let it get you down
__________________________________________________ ____________
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themessenger

14 years ago

never regret the past. Simply learn from this experience and try to move on at your best! Don't worry, life has ups and downs, and if you learn from the downs the up will start to outweigh the downs.

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xlfutur1

14 years ago

It really depends on your comfort level. Nothing worse than money stress, so if you go get another job, then work it with the thought of quitting as soon as you get your IM business up to where you want it.

I have a "day job" and even though I really enjoy it, I work just as hard at online endeavors because I know it could be gone one day. Eventually I want my IM income to double or triple what my day job pays, then there is breathing room if it ever goes away.

Best thing in your situation is to just go with your gut feeling and things usually work out fine.

Thanks

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kirby

14 years ago

Thank you to all whom have taken their time to respond to my post. I greatly appreciate your thoughts, suggestions, and general advise along the way.

I ran the numbers last night with my wife and, based in part on all of your words of wisdom, we're going for it with specific milestones along the way to measure our progress. If you like, I can post periodic updates as we move forward in hopes that our experience may help others.

Thanks again everyone. Have a great day today!

Kirby

Thanks
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peter gibson

14 years ago

Originally Posted by kirby

Thank you to all whom have taken their time to respond to my post. I greatly appreciate your thoughts, suggestions, and general advise along the way.

I ran the numbers last night with my wife and, based in part on all of your words of wisdom, we're going for it with specific milestones along the way to measure our progress. If you like, I can post periodic updates as we move forward in hopes that our experience may help others.

Thanks again everyone. Have a great day today!

Kirby

I gotta say reading this makes me smile. If my advice had anything to do with your decision I feel good. For you - congratulations and good luck. I said it before and I will again, if you need any help and think I can provide I will do so.

Should you periodically post your progress? Most definitely sir... at the least your successes and trial runs will help someone else, and at the most your documented coolness can lead you to your own product that people frequenting this forum will buy.

Again, good luck and I'm sure this will work out for you bro :-)

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ltdraper

14 years ago

Been there, done that.

When Ceasar arrived in Britain, the first thing he did was order his men to burn their boats. There would be no turning back.

The thing you really have to weigh is whether finding another $250K job is more likely than building a business that can do the same thing for you. Given the economy, I'd look at the business.

Or pick the middle ground. Do what entrepreneurs have been doing forever -- get a consulting gig to finance the business operations and basically work two jobs.

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kirby

14 years ago

UPDATE 01: 01/07/2009 - 1:50PM PT

Just completed my Squeeze Page and am compiling the video now. Will try and have the completed page up by later this afternoon and begin working on my Adwords strategy. Will be working with another fellow Warrior Member along the way.

GOAL:

Start to drive immediate, qualified traffic to my Squeeze Page, provide great value for their opt-in, and begin building my list while I finish work on my Membership Portal.

Here we go!

Kirby

Thanks

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trafficwave

14 years ago

You are WAY ahead of the pack, already.

If it was me... I'd forget the job and get crackin' on my own business.

In addition to the world of IM, I am a freelance musician (bass player). I met a guy a couple years ago while playing at a club. He was a blues musician. He sat in with at the end of the set. He wasn't an amazing musician by any means, but he capture the heart and soul of the blues. It was a great evening.

After the gig, we were having a few beers and I asked him what his story was.

Imagine an OLD (70+) thin black blues guitarist with a raspy voice and a little grin sharing the following:

"Well.... back around seventy-four, I gots laid off from my job. I had enough money saved up to cover myself fr' about six months.

I had always wondered if I could make it as a professional guitar player so I decided I would spend those six months waking up at the normal time and instead of going to work for 8 hours, a day, I would practice for those same 8 hours a day.

I had made up my mind that if I wasn't able to support myself as a musician within those 6 months, I'd just go get me another job and that would be that.

About 3 months in, I started doing some gigs here and there and I've never gone back to a regular job since."

The man does what he loves.

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David Squires

14 years ago

Kirby,

I'm very sorry to hear that you lost your job. Many years ago I lost my job and it's a very humbling experience. I've got a job right now I'd like to lose (preferably on my own terms), but I'm not in your situation. I'm saddled with debt and have no savings.

Based on the numbers you provided, it looks like your wife makes just under $5,000 per month (assuming that's gross), which means she'll take home probably $3,000-$3,500 depending on tax situation and benefits. That means you'd have to dig in to your savings for about $2,000-$2,500 per month.

With $80,000 in the bank, if you didn't make a dime, you're savings would drop to about $50,000 in one year's time. That's a big hit, but you are obviously a very intelligent individual and you also have a great deal of experience.

Here's what I'd do:

1. Include the wife in all planning. Sounds like you're doing this. Show her the worst case scenario and make sure she can live with that if it comes to that. Ask if she's willing to commit to a one year timetable and set benchmarks.

2. Look for a consulting/coaching gig or two. You won't have a "job", but you will have some income. And if you hate it, you'll know it's just temporary. I'd think with your experience, you'd be able to land a consulting job that makes up your expense deficit without taking up TOO much of your time. You'll also be building up contacts should you decide to re-enter the workforce.

3. Build your online business. It sounds like the only thing you were really lacking was time and now you've got an abundance of that.

I'd be shocked if you weren't able to make enough to at least pay your household and business expenses the first year.

But all of this only works if you have full support of your wife (and family). There won't be as much eating out. Maybe there won't be a vacation this year. Things will be a bit tighter, but if everyone can focus on the long-term you will probably end up in a better place financially, you will be happier, which means you will probably also be healthier.

Whatever you do, best of luck!

David

Thanks

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BillyB13

14 years ago

There is, for you, with your experience in IM more positives than negatives. I would get busy on multi projects. You sound like an educated guy with options. Now you have time. Don't waste it. Test your entrepreneur mindset and GET IT ON!

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kirby

14 years ago

... thanks Brian and David for your thoughts. I posted my progress a few posts up and I'm on my way along a new journey. Consulting is definitely a possibility, but I'm gonna see how far I can get this month as an initial milestone.

Thanks again guys! Keep up the great spirits.

Kirby

Thanks

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kirby

14 years ago

UPDATE 02: 01/07/2009 - 3:14PM PT

Lightview is proving tricky given the the additional Libraries needed along with tying it back into Coldfusion. Almost there though.

Kirby

Thanks

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trafficwave

14 years ago

Originally Posted by kirby

My wife fully supports any direction I want to take and has complete confidence in me. It's my own mind that keeps getting in the way.

That statement right there is gold in the bank.

I also have a wife who has full confidence in me. She trusts and supports every move I've made (even the ones that didn't work out so well).

Congratulations!

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millionebook

14 years ago

Hi, I would now become totally focussed in your online business. You are in good shape financially and your wife is behind you. This is now the time to go fully in your IM business, I wish you all the best

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TLTheLiberator

14 years ago

Get deadly serious about your online biz and give yourself 3-4 months tops to see some steady income from your online venture.

If for some strange reason it's not working as well as you'd like - find another job asap - but continue your online enterprise.

This is the same advice I would give to a family member that's in your pretty good financial situation.

All The Best To You & Yours!

TL & Family

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MouseandMice

14 years ago

Kirby,

It seems to me like you already know what you want to do...

My view:

You have enough of a cushion to where you CAN attempt this, and worst case senario, you don't have a bit of your savings...

Go for it!

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kirby

14 years ago

UPDATE 03: 01/07/2009 - 7:324PM PT

Sqeeze page and graphics done. Looks good. Compiling video now and heading over to Google to start loading my keywords. Good day today.

Kirby

Thanks

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BubbasBits

14 years ago

I think you already know what to do, if you will just follow your feelings, you know your passion for what you want in life better than anyone else. It sounds like you do have everything aligned pretty well, and it is definitely true that opportunity always presents itself when least expected, but you must recognize it. Years ago I lost one of those real jobs, I had to make the same decision. I picked me, kept my focus and haven't had one of those real jobs since.

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Jeremy James

14 years ago

If it were me, I'd work something, maybe part - time, just to keep me "able" in the work force. I find time working helps me concentrate better. I had something similar happen to me this past year, and I delivered for a restaurant for a few months. It was part time, about 25-30 hours a week, but, while driving around, I got to listen to motivational speakers and think much.

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Big Mike75

14 years ago

Kirby it's easy for people to say find another job, but in this economy and marketplace will you find a job you like? The way I look at is you've got several months of living expenses saved up, your wife works, I don't know what you debt load is, but I say if you don't take a shot now, then when?

I would say work your ass off on your site and launch, in the meantime start with some affiliate programs and traffic monetization to create some cashflow.

Give it a 30 day jaunt. You won't get rich in that time for sure, but there is no reason why you can't turn a profit in your first 30 days online, I did, and it's certainly not impossible.

If after 30 days you don't see anything fruitful then you can always re-evaluate the situation, but if you don't give it a try now, when will you?

Go for it! I wish you all the best in your endeavours.

Thanks
1 reply

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kirby

14 years ago

Originally Posted by Big Mike75

Kirby it's easy for people to say find another job, but in this economy and marketplace will you find a job you like? The way I look at is you've got several months of living expenses saved up, your wife works, I don't know what you debt load is, but I say if you don't take a shot now, then when?

I would say work your ass off on your site and launch, in the meantime start with some affiliate programs and traffic monetization to create some cashflow.

Give it a 30 day jaunt. You won't get rich in that time for sure, but there is no reason why you can't turn a profit in your first 30 days online, I did, and it's certainly not impossible.

If after 30 days you don't see anything fruitful then you can always re-evaluate the situation, but if you don't give it a try now, when will you?

Go for it! I wish you all the best in your endeavours.

... thanks for the post Big Mike. More or less the direction we decided to take. I'm posting my progress back here to this thread for those that might be interested (kinda like a diary I guess).

Thanks again buddy.

Kirby

Thanks
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Mal Keenan 14 years ago

Kirby,
Everything happens for a reason. Maybe this is the push you needed to finally take the actions required to start your online business.

Working full-time on the net is a dream come true for me. The main motivation for keeping at it until I succeeded, was my hatred of working 9-5.

Obviously you have a decision to make and only you can make that. If you can support your family in the interim my advice would be to go for the online option.
- Thanks
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kierenm

14 years ago

Wow, it's great to see the support that this guys getting here, I know where to come if I genuinely need "moral" support regarding business in future..

Wish you well Kirby.

Regards,
Kieren

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Jeremy James

14 years ago

Hey Kirby, how much do you owe on your home? Could you just go ahead and pay that off? Or, maybe, if you paid down a lump sum, you could lower your mortgage payment if you re-financed.

Just an idea.

Congrats on no more debt!

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kirby

14 years ago

UPDATE 04: 01/07/2009 - 9:16PM PT

Sorenson is taking forever (doing a four pass mp4 to hit the quality level of the video content I created). Google is just about done. I should be able to start driving a small amount of traffic to the page tomorrow to test the water (CTR vs. OPT-IN vs. etc..). I don't want to dump a bunch of money into Adwords until I'm really ready to start taking orders (maybe about a week or so). In the meantime, I'll start writing and submitting articles, posting with bylines, posting to my blog and forum, trying to stir up some JV's, etc., and try to begin the momentum.

As the site will be recurring revenue, I hope to ramp it up fairly soon to give me some breathing room (I only need about $3500/MO to break even with a dinner or two out on the town). Not much, and if I can get there relatively soon, that's all the momentum I'll need.

Stay tooned.

Kirby

Kirby

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Duff

14 years ago

Thanks for sharing your story Kirby, there are some great suggestions in this thread. I'm not sure what industry you're in but obviously you must have a unique talent if you're previous employer was willing to pay you a salary of $250k pa?

Why don't you spend a few hours a week freelancing in whatever it is you do and that would not only give you a solid foundation of income but also allow you to work you're IM business as well?

Thanks
1 reply

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kirby

14 years ago

Originally Posted by Duff

Thanks for sharing your story Kirby, there are some great suggestions in this thread. I'm not sure what industry you're in but obviously you must have a unique talent if you're previous employer was willing to pay you a salary of $250k pa?

Why don't you spend a few hours a week freelancing in whatever it is you do and that would not only give you a solid foundation of income but also allow you to work you're IM business as well?

Hi Duff,

I was a VP of OPS for a Federal DoD Contractor. What I'm doing online (my initial niche) is about as far away from that (and IM/BIZOP) as one could get. I could try and get some consult gigs and that's on our plate of plan "B"'s.

Thanks for the post!

Kirby

Thanks
1 reply

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Duff

14 years ago

Originally Posted by kirby

Hi Duff,

I was a VP of OPS for a Federal DoD Contractor. What I'm doing online (my initial niche) is about as far away from that (and IM/BIZOP) as one could get. I could try and get some consult gigs and that's on our plate of plan "B"'s.

Thanks for the post!

Kirby

Sounds like you have a solid plan in place Kirby, I wish you the best of luck (I think you'll be fine!)

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RogerAderholdt

14 years ago

Hello Kirby,

I had something simular happen to me. While SICK and dying in the Hospital, the company I had built into a million dollar company FIRED me.

Everyone thought it was terrible.

However, it ended up being the BEST thing that could have happened.

I traded in working 18 hours a day 6 days a week to working a few hours a week and making almost the same on the internet which allows me to travel the world and meet new people.

Therefore, based on the information you provide I would GO with internet marketing selling HIGH end products that will make you $1,000 - $10,000 PROFIT per sale.

Good Luck

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bwils2

14 years ago

Hey Man, i think you should go ahead with your IM business
i want to start my own too, let me know how it goes!

Thanks
1 reply

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kirby 14 years ago

Originally Posted by bwils2

Hey Man, i think you should go ahead with your IM business
i want to start my own too, let me know how it goes!

... you got it man. Thanks.
- Thanks
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Jason Ashton

14 years ago

Hi,

Build your own business and make it happen. As you say going back into working for somebody else is something that you really dont want to do and if you go back into it, then you will likely regret it.

If you believe in yourself, then take a chance and go for it. You have a great support system in the warrior forum.

Best of luck

[ 1 ] Thanks

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yanter

14 years ago

Sorry you lost your job. I've lost just lost mine too. Hence coming back into the WF.

I'm in the process of looking for any small job to get by, but this time I'm going to also focus a little more on IM for some residual income.

Hope it all works out for you at the end.

Thanks

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derekwong28

14 years ago

Kirby, I am sorry to hear that you lost your job. But there is something in the figures you provided that does not make sense. You said that you and your wife made $308K per year and your living expenses is only 66K. That means that you shoud have 242K left per year before taxes. Why would you only have savings of only 80K? Are you spending well beyong 66K per year? If so, 80K is only only to least you a few months. I would suggest that you look at your sums carefully again and perhaps find a job for the intervening period.

Derek

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kirby

14 years ago

Originally Posted by derekwong28

Kirby, I am sorry to hear that you lost your job. But there is something in the figures you provided that does not make sense. You said that you and your wife made $308K per year and your living expenses is only 66K. That means that you shoud have 242K left per year before taxes. Why would you only have savings of only 80K? Are you spending well beyong 66K per year? If so, 80K is only only to least you a few months. I would suggest that you look at your sums carefully again and perhaps find a job for the intervening period.

Derek

HI Derek,

Don't forget, I'm in a high tax bracket and paid a shi*& load in taxes! That said, you also need to take into account other "one-time" expenses we had related to our extended family which took a small ding. All in all, we were able to stash away a good sum of money each month while living well within our means (i.e., no credit card debt, no car payments, no other loads other than our home, treated ourselves to a nice dinner every once in a while, etc..).

Good observation though. Thanks for the push-back.

Kirby

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JOhnny Depth

14 years ago

Just get a site and keep on working for it. You would see that you could be earning more.

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kirby

14 years ago

UPDATE 04: 01/08/2009 - 8:24AM PT

Starting to compile the rest of my video's (over 300) while working on Article Content, Blog and Forum Postings, and Google. Current list size: 49.

Kirby

Thanks

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Alex Sol

14 years ago

If I was in your shoes I would probable try to reduce my expenses to minimum. ($5,000 a month is some serious cash)

Then I would work my butt off trying to leverage your company and get clients! Outsource the tasks you are not good at or that will take up too much time (link building, article marketing)

You have $80k saved up - this should last at least for a year

Just my $0.02

Alex

Thanks

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Alex Sol, Full time online marketer since 2007
The Extra Paycheck Blog | Extra Paycheck Podcast

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kirby

14 years ago

UPDATE 05: 01/08/2009 - 1:20PM PT

Moving this thread over to Twitter (might as well start building content there as well!). Thanks everyone for your help as I got started here. I'll be back often to help others if I can.

Best,

Kirby

Thanks

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Justin Delahoyde

14 years ago

Kirby,
I also got laid off, on Jan 4th of 09. I had started IM a few months before that, and now i haven't looked back. You have everything going for you, you have a stable supply of funds for expenses you have a second income just in case something bad happens and you have the support of your partner. I would say go with what will make you happy. you have been mentioning that you like the lifstyle better with your own business so go out and create your own business.

Thanks

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