8 transition income strategies to help you leave your full time job
Description
For so many of the coaches I work with, there’s a pivotal moment in their career journey. They have that burning desire to start their own coaching business, but they are not sure how to make the financial leap. They know they want to move from corporate to coach, but the risk and uncertainty feel huge.
In this episode, I share eight practical financial transition strategies you can use to support your move from employee to business owner. This is not financial advice - , but real options to consider and discuss with your own advisor.
Inside this episode, I talk about ideas such as
✅ The gradual ramp down strategy o create time for your business while reducing risk.
✅ Quasi-employment and why contracting back to your current employer can shift how you think about yourself as a business owner.
✅ Turning your current employer into your flagship client.
✅ How voluntary redundancy or timing your exit with bonus payments can help fund your move.
✅ Using part-time work, a savings buffer, or even a loan to bridge the gap as you ramp up your business.
And more!
If you are in the “yes, I really want to start a business, but how am I going to do it” space, this episode will give you options to think about and steps you can take to prepare.
Listen in and if you want to talk through your own situation, head to elliescarf.com/bookacall
You can also connect with me on LinkedIn.
United States
