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3 Questions to Ask Before You Quit Your Job

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3 Questions to Ask Before You Quit Your Job

Just over a year ago, I quit my job to try my hand at being an entrepreneur—before I knew what that really meant. What I wanted to do was create something that matters, do work that is meaningful in some way.

This isn’t one of those success stories about quitting the corporate world to instant happiness and wealth. Far from it.

My path was up and down, up and down.

  • I got great clients, and then hit roadblocks when I lacked clear communication.
  • I hired a staff, and then downsized 100%.
  • I hated dealing with finances but then took on all accounting tasks myself.
  • I loathed standing in long lines at government offices but then learned how to do all of that online.

Hindsight is 20/20, and there are some things I just wish I had known before quitting my job. 

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Here are the three questions I wish I had asked myself before quitting my job, if only to make the transition smoother:

1. Is the market ready for my idea?

The first fear I faced when contemplating a job move was this:
What if I don’t make any money?

Leaving a job’s security is scary, but very worthwhile if done right. If you truly want to go out on your own, consider the market carefully and consistently. Chances are you have great skills you can offer clients, but you may also want to develop some kind of product offering (like an eBook), too.

Here are some questions to ask yourself about whether or not the market is ready for you:

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  • Is there a need for my service or product?
  • How much are my competitors charging for similar offerings?
  • Can I do what I want to (write eBooks or become a painter) while maintaining the lifestyle I dream of?
  • Who are my potential customers: big businesses, small businesses, individuals, athletes, moms? (The more specific you get, the better your results will be.)

Being clear on how well your ideas and plan fit into the market will help you avoid so many headaches in the future.

2. Is my idea ready for the market?

Brainstorming a new project or idea can be so much fun. It’s the creative process that feels freeing and light—it’s a direct manifestation of the purpose that drives us.

To make any idea work, however, there are some things that go past brainstorming. For example:

  • How will you price your product to achieve your goals?
  • How will you reach your potential customers?
  • Will you make money off your idea forever or just one-off sales?
  • If your customers have questions, how will you handle servicing them?
  • How will you manage expectations when you gain a new customer or project?

These are just a few issues I struggled with starting out. There are many more questions to answer in preparing your idea for the market.

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The only real way is to read, read, read and study, study, study what is out there.

3. Who can help launch my new project?

This is probably the question I missed the most in the beginning of my quest to living an awesome life out on my own. I can’t even imagine all the mistakes I could have skipped and all the connections I could have made if I had given this question the thought it deserves.
A community of peers gives an idea superpowers, launching it to success.

Once I discovered this amazing superpower, it became the most used tool in my toolset.

When I have an idea or a doubt in my mind, I turn to my small tribe of peers. I probably call on them way too much! Their input, though, is invaluable. Without their final touches, I could never have reached sustainability, freedom, and happiness.

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To enlist the help of awesome people, I reach out online just as much as in person. I’ve made great friends through Twitter, but my favorite way of connecting and collaborating with people is through events like conferences. By combining the physical and digital world, I find relationships truly thrive.

What This Means For You

If you are desiring a change in career or a new way to do meaningful work, I applaud your courage—but I also urge you to plan for the ups and downs to come. 

Like everything in life, there is a learning curve. I hope these three questions keep your learning curve from becoming too steep.

If you have any questions or comments, please share them below.

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Last Updated on January 13, 2022

15 Best Places for Expats to Live (And Why)

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15 Best Places for Expats to Live (And Why)

Many of us dream of living abroad but can often be scared to make such a big change to our routine lifestyles and leave our home countries behind. Daunting as it may be, living abroad can be a rewarding and fulfilling endeavor and can give you the quality of life you have been looking for.

From a warmer climate to a more easy going way of life, there are many foreign countries favored by expats who stay for a long time – and sometimes forever. Taking into consideration livings standards, opportunities and social aspects, here are our top 15 best places to live as an expat and why.

1. Thailand

A hot spot for expats, the ‘land of smiles’ as it’s commonly known offers expats a tropical climate, a huge array of sandy beaches and islands to explore, and a rich culture. The cost of living in Thailand is extremely low, and when combined with the friendly tax system means that disposable income can be very high.

Bangkok, Thailand’s capital city, offers expats great employment opportunities.

2. Switzerland

Another popular destination for expats, Switzerland offers exciting employment packages and a high standard of living. It’s great for those who love the outdoors, as there are many beautiful lakes, mountains to hike in and skiing in the winter. The school standards for expats are also excellent, making it appealing for those with children. English is also widely spoken so day-to-day living can be stress free.

Unemployment in Switzerland is low and expats moving here don’t need to worry too much about finding a job before they arrive.

3. Australia

Many foreigners who visit Australia don’t want to leave as it offers a great quality of life, beautiful beaches and a warm climate. Making friends in Australia is easy too, due to the lack of language barrier and the large number of expats who already live here. Australia is a great place to move to if you have children because of its wide range of schooling possibilities and recreational outdoor activities.

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Low population levels and high quality of life are two of the main reasons expats choose Australia as a place to live.

4. Singapore

Expats in Singapore can benefit from generous financial packages, great career opportunities and low tax rates. Although education is expensive here, it is rated one of the top places for raising children abroad due to the quality of the education system and the array of schools.

Public transport such as buses and MRT (Mass Rapid Transit) are cheap and very reliable in Singapore.

5. South Korea

South Korea offers expats a unique range of opportunities and a very different way of living. Jobs for expats are easy to find and usually very well paid, with apartments provided by the employer on the most part making living costs even lower. There are also many tight-knit expat communities in South Korea, making it easy to socialize and meet new friends. The excellent education system is also a pro for families wanting to move to this culture-rich country.

South Korea has a cheap public healthcare system and offers great medical care, with most doctors speaking English.

6. New Zealand

New Zealand is constantly on the lookout for skilled workers to expedite to the country – especially those under the age of 30 – and skilled migrants can be granted a stay for up to five years. It offers a good climate and although income levels can be lower than other countries, quality of life is high, with its awe-inspiring scenery, low crime rate and state sponsored healthcare.

New Zealand is great for those looking for a laid back and active outdoors lifestyle.

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7. Canada

Its national healthcare system, friendly locals and very high quality of life are just a few of the reason expats choose Canada as a place to live. It’s very welcoming to expats and skills shortages encourage foreigners to move here in order for the country to grow economically. It’s easy for expats to feel comfortable quickly in Canada due to its multicultural environment.

Canada was largely unaffected by the economic crisis, making it a very popular country for expats.

8. Qatar

Qatar is becoming increasingly popular among expats with an estimated 500 new arrivals every day. The salaries are generous and are tax free too, making disposable income very high. Car and housing allowances are part of many remuneration packages, and education for your children and airfares are often included.

The cost of living is lower in Qatar than in other UAE countries but salaries can still be just as generous.

9. Hong Kong

Where east truly meets the west, this bustling island has a population of over seven million people. If you’re looking for a fast-paced environment and an active nightlife, Hong Kong is definitely the place to be. Benefits for expats include its advanced healthcare system and elevated standards of schooling for children, along with great employment opportunities. The cost of living in Hong Kong can be high, so trying to negotiate a housing allowance with your employer can be beneficial.

Hong Kong is great for those looking for high incomes and career advancement.

10. Japan

As an expat destination, Japan offers a rich culture and a chance to experience a very different day-to-day life. Currently around two million expats live in Japan, and in the larger cities such as Tokyo a large portion of the population speaks English. English speakers are also in demand and there are a large number of opportunities for language teachers, especially in the capital.

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Japan offers a high standard of living for expats and a good education system for those with children.

11. Spain

Spain is a very popular destination for expats due to the high temperatures and year-round sunshine. EU residents don’t require a visa to work here, meaning the move can be a lot easier. Skilled foreign workers also continue to be in demand with jobs such as engineering, customer service, skilled trades and language teachers widely available.

A huge 14% of Spain’s population are expats from a variety of foreign countries.

12. Dubai

Two of the main attractions of moving to Dubai are the tax-free salaries and the warm climate. Some of the most popular jobs for expats are in construction, banking, oil and tourism. You can also enjoy a busy social life in Dubai as the expat community is thriving. Although it can be an expensive country, the tax-free salary means you experience a higher quality of life than in other countries.

You will need a work permit, residence visa and an Emirates ID card to live in Dubai as an expat.

13. Germany

Germany is one of Europe’s most populous countries, with around 82.4 million people. It’s a lively and inexpensive country to live in as an expat, and if you have children the education system is great and healthcare is to a high standard. An estimated 250,000 expats live in Germany currently, with the numbers rising every year.

If you are already an EU citizen, you don’t need a visa to live and work in Germany.

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14. The Netherlands

The Netherlands is a great place for expats who love the outdoors. Cycling is one of the main modes of transport and looking after the environment is widely recognized. There are a lot of English speakers in the Netherlands too, but learning the language can work to your advantage and make day-to-day life that little bit easier. Skilled expats can also benefit from a tax-free allowance equivalent to 30% if they meet the correct criteria.

It is often more important to be able to speak fluent English than to speak Dutch when looking for employment in the Netherlands.

15. China

China offers expats great employment opportunities with little competition. Those who embrace the culture and decide they want to live in China long term can see a host of employment opportunities as its economy is growing rapidly every year. Economists predict it will overtake the US as the world’s largest economy by 2018. China also offer expats low living costs and high disposable incomes, which is why many look to live here for a higher quality of life.

Shanghai and Beijing are the most popular destinations for expats who live in China.

Featured photo credit: Saulo Mohana via unsplash.com

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