Nov

How to Exit Your Job part 2 of 2

Filed Under (Tips) by admin on 03-11-2009

Yesterday you and I talked about the conversation I had with my friend Bryant on exiting the corporate rat race part 1.

Many people I talk to want to quit their job and would love nothing more than to “fire their boss”.

Unfortunately, like most things in life, when you don’t have a plan and no proven, systematic blueprint for how to successfully exit your job you don’t break the cycle.

And you end up either having to get your job back or take a new job within 30 to 60 days.

One of the biggest problems is the culture in America where we save less than 1% or even a negative amount of our income every month.

The last statistic I saw said the average American would be bankrupt within 45 days of losing their job. With the current economic recession we’re in right now that number may be under 30 days.

So what do you do? I promised you some specific tips yesterday so now I’m going to get into those.

The first, best and easiest way to exit your job is to make an offer to your boss. I’m going to assume you have a good relationship with your boss or at the very least your job performance is rated very highly.

In other words your company likes the work you do and you’re bringing in more profits than the salary you cost them.

The easiest way to exit your job is to go to your boss and tell him you want to become a contract consultant. Basically, you’ll be a general contractor working out of your house or whereever you choose providing the same functions and services you do right now in your job.

And you want to explain why it’s good for the company so your boss and the final decision maker will me much more likely to accept your offer. Because as a contractor you don’t get any benefits nor do you take up space in one of their cubes.

So even if they’re paying you the exact same salary they save lots of money by not having to cover all of the fringe benefits.

Explain it to them in the ways it benefits them and you’re far more likely to get what you want. Basic negotiating 101.

Now of course you may want to negotiate a lesser salary in exchange for lesser hours because if you’re still working the same amount of hours your gains have only been minimal by exiting your job.

Two of the biggest savings are your morning and afternoon drive commute time, lunch drivetime, and pop-in interruptions from coworkers coming into your cubicle.

Depending on your company your boss and/or the final decision-maker/company owner may reject this arrangement.

Another option you have is to do work for the company’s clients on your own time. Of course, I’m talking about complementary work.

The company is going to be very unlikely to approve your work for their clients when its work they’re doing and would take money out of the company’s coffers.

But maybe your company offers accounting services to its clients and you want to tackle some of the basic legal issues for those clients. Or you’re going to provide compliance services based on the accounting work your company is providing.

This scenario would be a win-win for you and your company. Because you get to provide a complementary service which doesn’t take anything away from what the company is providing to the client.

And the client will further love your former company because they are getting more value as well.

The possibilities for this type of arrangement are virtually infinite.

Just make sure you clear this with your company because you don’t want any kind of legal entanglements or noncompete issues to a rise.

The whole goal is to keep your income steady. Any kind of injunction or legal entanglements will definitely hurt your goal of steady income (and could take you into a big negative with legal expenses).

Another option you can attempt if the first two don’t work is to contact competitors of the current company you work for and tell them what you’ve been doing for your current company and offer them option one. Offer to be a contractor consultant for them.

Another good option if none of those is workable is to maintain your job and start putting your services out there for hire. You can post on places like Craigslist.org, tell your professional contacts and local contacts you’re taking on new clients, and put feelers out for some side client work.

Once you have some client income your schedule is going to get loaded working a full-time job and doing client work.

At this point you can then decide how long to keep your job or go ahead and exit your job once you have those billable hours to an income level comfortable for you.

There are some other tactics you could test but those are quite a few to get you started and get your creative mind working.

I’ll definitely have more updates on this topic soon.

Leave your comments about any successful transitions you’ve done out of a job or techniques and tactics my article has triggered for you. I’ll look forward to the collaboration of helping you on your entrepreneurial journey.

Originally posted 2008-11-12 09:13:55. Republished by Old Post Promoter

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