3 Indicators You're Ready To Go Full-Time In Your Creative Business
Jul 18, 2022"How do I know when to go full-time?" This is one of the biggest questions we get working with creatives. It can be terrifying to jump full-time into your creative business after sitting in the "security" of a monthly corporate paycheck.
But here's the thing... going full time isn’t an emotional decision, it’s a logical one. Yup, it doesn’t have to be a dramatic quitting story of storming out of your 9-5 on a whim (although those do make for good stories…and please comment if you have one of those stories 😉).
But it’s actually a completely logical, 3 step decision. And what is great about that is you can feel confident & prepared to face any critics who may or not may materialize at your next dinner party!
HERE ARE THE THREE INDICATORS YOU'RE READY TO GO FULL-TIME:
1. You have 3-6 months of living expenses saved up
If your cost of living is $2,500 a month (rent, food, gas, other bills, etc.) - then having somewhere between $7,500 (3 mo) -$15,000 (6 mo) saved as cushion means you'll survive even if your business doesn't fully cover your living expenses within the first 6 months as it grows. Depending on how much your side hustle is currently bringing in, you can choose either 3 months or give yourself the extra 6 month timeline for added security.
2. You’ve had some clients & have proved you can successfully complete the job
You should rarely jump into a business full-time if you're unsure if you can actually complete the job. (And hey, you want to make sure you actually like doing what you're doing). Get a few clients under your belt part-time, see if you are producing results and then jump in full-time.
3. When staying in your current line of work will actually cost you money versus what you could make if you jumped into full-time
If you are turning away work for your business that would outweigh what you're making at your current job because of time constraint - it's time to go full-time. Or if you know you could generate enough leads if you had the free time to make up for what you make at your current job, it's time to go full-time.
Got those 3 dialed in? Well, consider yourself READY TO GO FULL-TIME!
- Christy
PS: You seem like a smart, creative person. We like smart, creative people. And we specifically like a group of smart, creative people. Which is why we group people like you together - and when we do, the results your business gets is actually insane. Check out more info on this kind of group below.👀 You can learn more about the Creativ Rise Mastermind and join the waitlist here.
We start September 18, 2022 but the applications to join open on September 5th - or earlier than that if you are on the waitlist. Click here to join the waitlist.
Want more tactical creative business tips? Check out our top-ranked Podcast, The Creativ Rise Podcast - giving you weekly episodes on how to break the creative struggle. Check it out here.