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5 Critical Steps to Take Before Quitting Your Job For Good

5 Critical Steps to Take Before Quitting Your Job For Good

Congrats! You have worked hard and you’re ready to transition into self-employment. It is an exciting transition in your path on quitting your job for good.  But before you go ahead and quit your job, there are some crucial steps you need to consider before taking the leap. Following these suggestions will not only make it easier when transitioning, but a happier experience for everyone involved.

1. Leave on a High Note

Think about how your boss would feel if you make a situation worse by being disrespectful. Sure, you may not like your job, but it is not fair to your coworkers or your boss if you are disrespectful when quitting. While you may have fantasized about telling your company how you really feel, but it could damage your reputation down the line, even if you are your own boss. Put yourself in your boss’ shoes: would you like an employee to treat you poorly or left a mess of their work that you have to pick up the pieces? Make it a point to be fully involved in your job up until the day you leave. That means completing a to-do list you meant to tackle, cleaning your desk, and keep yourself focused on your work.

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2. Create a Financial Plan for the Next 6 – 12 Months

Being your own boss means that you won’t have a steady income. Before quitting your job, you need to think about what your budget is in order to cover the essentials. It is also a good idea to save up money in case some months or slow, or no income is coming in at all. To start, write down a list of all the expenses you have. Items you should factor in -Cell phone -Rent/Mortgage -Food -Internet/utilities -entertainment -existing debt -health insurance -transportation After writing down what everything costs, take that amount and make sure you stick to it. There are lots of budgeting programs that you can use, or something as simple as a spreadsheet document on your computer will suffice. They key is sticking to the budget you set for yourself to ensure you don’t run into any financial trouble while self-employed. It is a good idea to get used to your new budget by making one and sticking to it a few months (if possible) before leaving your job. That way, you have time to adjust it if necessary before you no longer have your job.

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3. Make a Plan

Your side hustle may provide you with enough income to quit your job, but have you considered what you will do to continue your success? Think about where you plan on seeing your career in the next few years, and write your goals down.  Create goals to market yourself and your business, how to retain existing clients, what your ideal career is like, and any personal goals you want to achieve. Make your action plan as specific as possible and what your success criteria is. For example, if you plan on hiring on a virtual assistant to help with some back end work, make a goal on how much income your business needs to make in order to be able to afford that VA full time.

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4. Plan Out Healthy Habits and Routines

Making sure you are in tip top shape is important because you are now your business. If you are sick and cannot work, you will not pull in any income. Being unhealthy can also take a toll on your productivity and mood.  Sure, you may want to skip lunch and finish writing that proposal for a new client or fix your website, but something that may take you 20 minutes to do may take a few hours if your stomach keeps growling at you. Now that you can dictate your own schedule, make a point to pencil in some time for exercise during the week. Find a workout buddy if you need to get some accountability. Even taking 15 minutes a few times a day to stretch will do wonders for your mood and health. Don’t forget that eating well is part of a healthy routine. Don’t stock up on too much junk food or frozen dinners even if it is more convenient to prepare them. Make a meal plan and freeze meals ahead of time if you know you will be too busy to cook. Enlist the help of family members if you need to in order to make your health a priority. Set reminders on your phone or calender if you need to in order to make sure you stick to a healthy routine.

5. Create a Backup Plan

As much as we’d hate you admit it, sometimes life doesn’t go according to plan.  Your regular clients may suddenly decide they do not need your services. Maybe your business is not pulling in a profit for the past few months and your savings are dwindling. Perhaps there is an emergency in your family and you have to put off your travel plans. Take a look at what your plans are after you quit and list and possible worst-case scenarios. Write down what you might do if these crop up. Make up as many scenarios as you can think of and create a backup plan for each one. Talk to as many people who have forged the same path you have and see what their backup plans are. It could be moving back in with mom and dad, taking on part time work at McDonald’s, or changing up your marketing efforts.  As well, think about a time frame on when you will enact on your backup plan. What will be the deciding factor on knowing when your initial plans are not panning out? Clearly deciding on a success criteria early on will help you make those tough decision down the line.

Have you quit your job? What steps did you take before you left your job for good? Share your insights in the comments below!

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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