Have you ever thought about starting a new business but were too afraid to take a chance on doing it? You may have thought about what a great feeling it would be to not have to answer to anyone and be your own boss.

But, you know that if you take the plunge, you no longer have that steady income stream that you have come to depend on. This is a tough situation to overcome.

The internet has made life much easier for anyone wanting to start a new business. Before the internet, starting a business meant either buying or creating a brick-and-mortar business. This meant shelling out thousands of dollars with absolutely no guarantee of getting any of that money back, let alone being profitable.

While an online business does not guarantee success, in many cases, it can be started up while you are still working at your job. This could present challenges on your time but at least it is plausible. You can continue to work your job and build your online business at the same time. This has the advantage of seeing results and watching the online business grow. Once you get to the point of replacing your income, you have the option of giving up your job and concentrating full time on the online business.

This is exactly how I build my coaching business which is 90% online. All it takes is a plan of action and you too can make it happen.

You will want to take into account any kind of benefits that you would need to replace as well. It’s not just about the salary. So keep that in mind before you quit your job.

Another option is to continue to work for a little while and outsource many of the online business duties to someone else. This frees up your time to continue planning the online business to grow and it keeps your income flowing.

If you are finally able to leave your job, but you run into some slowdowns in your online business (it will happen) be aware that you can work side jobs either online or locally in your town. There are plenty of freelance jobs available that you can pick up some extra income whenever needed. But, don’t focus on plan B – be assured that your plan A will succeed.

If you have wanted to start an online business but were unwilling to take the chance, you should be aware that it has never been easier to do so and to just go for it! You can do it!

Follow your dreams!

Valerie Priester

 

 

If you are a new coach and you’re ready to start your coaching business, be sure to sign up for my FREE webinar, 5 Signs You’re Playing Small and How to Start Thinking Differently, coming up on January 2nd. CLICK HERE to register NOW! Just in time to start the New Year off with a BANG!