So as many of you know, I am totally OBSESSED with making sure people properly transition out of their 9-5, but it goes way beyond me founding the Fire Your Boss Academy. Five years ago when I wanted to transition out of my 9-5 and had no idea how to do so, I lacked something major that was crucial to my success as an entrepreneur. This major thing I lacked was having an action plan for how to replace my income from my job with income from my business.
Teaching our students how to replace their income is a major part of our curriculum because i never want to see one of my students make the same mistake that I made. This mistake cost me nearly $10,000 and I am STILL fixing the mistake five years later.
Because I had no plan to replace my income and initially there was not much income coming in, I relied on my credit cards heavily. Not only to invest in my business but to pay bills and keep things afloat at times. There were instances where I literally robbed Peter to pay Paul. It got very very messy and I found myself deep in credit card debt. Even when income started to roll in, this was still a nightmare for me.
Growing up with a Mom who was very financially savvy, I knew better but I still didn't do better. My credit score that I took so much pride in building and maintaining while in college, was dropping drastically right before my eyes.
While I am sharing this mistake with you, if I could go back I would not change a thing. This is one of the many painful things I had to experience in order to better serve my students in the Fire Your Boss Academy. It is because of this that none of them will ever complete our program and stress about how they will bring in income.
I know this is something that scares a lot of people about firing their boss, but it does not have to be scary. I want to save as many people as I can from making this major mistake.
If you have the goal to fire your boss but are not sure how to replace your income, don't take the leap just yet. Click here to set up a one-on-one session with me so we can make improvements to your business model and talk about replacing your income.