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5 Reasons Why You Shouldn’t Always Just Quit a Job You Hate

5 Reasons Why You Shouldn’t Always Just Quit a Job You Hate

There are some days when a day at work can feel like a prison sentence with an extra dose of torture thrown in. Your boss is cranky, some of your colleagues are acting like jerks and you have no idea how you will ever finish the growing pile of work that’s accumulating on your desk. The temptation to walk out for good and quit a job you hate can be overwhelming. Indeed it has led to many spur-of-the-moment resignations by people all over the world.

But is it wise to just quit? As ideal as it might seem in the heat of the moment, it might be useful to consider these five reasons before you throw in the towel.

1. Quitting your job without having anything else lined up can put you into panic mode.

This is hardly a helpful state to be in if you’re starting your own business or looking for another job. Potential clients and new employers alike will smell desperation a mile away and chances are, they will be put off by it. Wait until your side business is earning enough to pay your rent and bills, or until you have a new job offer, and you’ll be in a much better place to ditch your current job.

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2. You might be quitting for the wrong reasons.

I remember being tempted to quit a great job because I couldn’t stand a colleague I worked with. After a huge argument I sat at my desk and wrote my letter of resignation. Luckily I waited to calm down before I handed it in. I soon realised that it would be a huge mistake to resign. I loved my job, I was learning lots and had I quit I would have missed out on some great experience-building. When I realised this I made an effort to improve the relationship with my colleague and chose projects that meant I had very little to do with her (just to be on the safe side).

Before you hand in that letter, ask yourself: Is it the whole job or just a particular aspect of it that’s making you unhappy? Can it be changed? Who can help you change it?

3. You could miss out on some great learning opportunities.

Being a little more strategic about your departure can set you up for a great next move.

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The minute you realise you want to leave your job, spend some time thinking about what you’d like to do next. What kind of skills and experience does your planned next step require? Can you start building this experience at your current job? Are there any courses that your current employer offers that could prove beneficial for your future? Is there a particular company you’d like to work with? Can you start creating some connections now?

Work on building the skills and connections you’ll need for the future and those few extra months you spend in your job will be very worthwhile.

4.  Some of the toughest challenges will become the highlights of your career.

If you’re thinking of quitting your job because it feels too hard … STOP. Often when we’re in the middle of something that takes us out of our comfort zone, it can feel very uncomfortable. While our natural reaction is to escape, it may not always be the wisest one. The first time I ran a training course for a group of people I nearly fainted with fear. It left me thinking that this job was not for me, that it was too hard. I stuck it out because I knew it was what I wanted to do. Twelve years later, I now train trainers and run workshops all over the world. Had I given up at that first hurdle my life would look very different to what it does now.

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Think about these questions to decide whether this challenge is worth sticking around for. Are you more capable of dealing with this than you were a week ago? Can you get more training and support to help you cope better? Are you learning useful skills? If the answer to any of these is YES, then you might benefit from staying around a little longer.

5. Your current job can develop a key element of success.

Science shows that one of the best predictors of success in life is your level of resilience. That is, how capable you are of rising above the tough challenges that life throws at you. Resilience also tends to work like a muscle, in that it gets stronger the more we use it.

Can you use this job to learn how to deal with adversity? Will the experience make you stronger in the end? If so, how can you use the experience to build your resilience muscle?

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While there are many valid reasons to stick to your job right now there may be just as many reasons for why you should quit. If your job is making you ill, creating high anxiety or if you are in a situation that is toxic or abusive, if your instinct is telling you to leave, then sit down at your desk and write that letter today.

Featured photo credit: Sybren A. Stuvel via creativecommons.org

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Last Updated on June 1, 2020

How to Start an Online Business That Will Grow and Succeed

How to Start an Online Business That Will Grow and Succeed

There are thousands of free guides available online on how to start an online business. However, the most valuable lesson they never discuss is that starting a new business online is probably going to fail.

Successful professionals that excel at some point with a venture never gave up, had a passion for creating a meaningful service or product idea, and never stopped trying.

Starting a business is a great opportunity for anyone with a passion to work on something you never get tired of. If people like coming to you for advice or to help them with work-related tasks, then you have the necessary skills and experience to start a business.

In addition, if you have a curiosity about services and products, maybe you have the capacity and capabilities to create something more innovative.

In the next section, we will comprehensively examine the core elements in starting a business. They will not necessarily catapult you to create Google, Facebook, or Apple, but they will guide you on how to start an online business.

1. Remember That the Likelihood of Your Business Failing Is High

Building a product or service is a process that takes a lot of time, so do not think that successful CEOs did it with the snap of their fingers.

According to the Small Business Association (SBA), only 30 percent of businesses will fail in the first two years and 50 percent will probably stay open in the first five years.[1] It is something to think about when launching your online business.

However, this does not mean you should be discouraged, and it’s actually a valuable lesson to fail since it will give you clues on what to do right the next time.

2. Focus on Your Audience and Targeted Niche Market

One of the most difficult things is figuring out who your customers are and tailoring your product or service for them. Depending on your available resources and the size of your network, the scale of your venture will be contingent on this. Knowing your targeted niche is important in knowing how to start an online business.

If you are launching a business, will you go the retail route or create an online store? Will your service satisfy the needs of a startup, small business, enterprise, or corporation? There is no right or wrong answer.

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Think about your audience and what the size of your customer base will be. Without knowing your customers, you cannot start a business.

3. Conduct a Lot of Research and Examine the Segment of Your Potential Market

Depending on the sort of business, you will have to do hours of research and ask a lot of questions. It helps a lot to look at specific companies or businesses to get an idea of how they started.

This may be a daunting task for some, and there are other avenues to explore to assist you with building a business. The web has tons of resources and you can check out Fundera’s list of 50 tools to help grow your business.[2]

In addition, you must tap into a reliable business networking list of people to guide you on how to start an online business.

4. Tap Into the Reach of Social Media and Expand Your Message

Gone are the days of paying expensive advertising budgets. Thanks to social channels like Twitter, YouTube, and Facebook, businesses can advertise for free. On the other hand, you can spend and create marketing campaigns on those different platforms.

Figure out which one is best suited to your needs and where that audience is active. When your online business has figured out where its message has the most impact and when your customers are responding to your message, then you know you are in the right place.

5. Network With Influencers and Brand Your Company on an Optimized Blog

Depending on the size of the organization and the number of employees, you may need to consider networking in the initial phases. If you want to know how to start an online business, then you should also learn how to network with influencers.

Social media is a valuable tool, and you can reach out to brand influencers depending on the line of products or services you wish to promote. Gone are the days of just putting an advertisement campaign and expecting a big return. Instead, you now have to create partnerships and blog about your branded efforts.

Make sure you have an optimized blog with search engine optimization (SEO) tools built-in, so you can focus on attracting customers and followers.

6. Create a Monetization Plan Tailored to Your Products and Services

Whether you are a startup, small business, enterprise, or a large company, you have to be strategic with your company efforts. Do you have an omni-channel strategy in place to attract clients and potential business?

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In other words, you must have the integration with your site and selected social media channels to generate revenue from products or services.

Believe it or not, not having a clear investment plan on how you will generate business is one factor often overlooked by starting businesses. The technology is there and depending on your institutional resources, you will have to look at a couple of vendors to see which one gets you the best value for your company.

7. Monitor Your Progress and Schedule Meetings Weekly

When your business is live online, you need to monitor progress. You must look at your data, key performance indicators (KPIs), and financials to see how your company is progressing over time.

This is a very different mindset when you are in a large company, but an average-sized online business has to do housekeeping procedures. The products or services advertised online are just one part of the equation.

Are you attracting customers? Are your interactions with clients translating to transactions or conversion?

These questions can only be answered by looking at your data and financial statements. When you can compare both, you will have an excellent understanding of the current state of affairs.

8. Once You Have Refined Your Online Product or Service, Officially Launch Your Business

Once you have more or less found the online product or service to serve customers, you are ready for prime time.

As long as your monetization plan lines up carefully with your investment, you can go live with your business. This can be in the form of an official announcement via your site, hosting a live event, or reaching out to media outlets to plug your company launch.

There is no right or wrong way to go about his process. But make sure that the state of the company propels you to launch the online service or product.

9. Once Your Business is Growing, Retain Customers and Attract New Ones

Having customers at the beginning is crucial for an online business. In fact, it is important for any business period.

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For the customers who have decided to adopt or buy your service, make sure you are delivering above and beyond customer service. They will not only continue to buy services, but they will also likely recommend your service to others. So, go the extra mile to thank them for their business.

If possible, develop perks programs and giveaways since customers enjoy the red carpet and celebrity treatment.

10. Use Social Media Networks Ethically and Steer Away From Shady Business Practices

It is tempting to use several social media platforms and buy fake followers. The problem is if the business is a lot bigger than it seems, it will come back to haunt you.

There is nothing more embarrassing or outright unprofessional than having thousands of followers who never interact with the posts you share. Unfortunately, social media has lost credibility when it comes to building fake followers and fake news. So, do not fall in the trap of trying to grow your brand artificially.

Aim for organic followers. This means having real customers following you and engaging your brand in authentic ways.

11. Continue Tracking the Results of the Business

Meetings are essential to tracking the state of affairs and the state of your staff. These meetings should also include tracking the performance as a result of your online business (product or service).

Are the results positive? Are they negative? Are they producing productive results?

Analytics is vital to understanding how the business is performing, so make sure you can get a snapshot of where you are at. Successful businesses cover their tracks and that includes looking at the bottom line performance of their product or service.

12. Utilize Search Engines to Attract Targeted Customers to Your Site

There are advertising systems and price tiers for the different social networks, but search engines like Google and Bing are still important.

Pay-per-click (PPC) advertising is offered in tiers through the Google search engine and Microsoft’s search engine Bing. This remains one of the simplest and most effective ways to generate traffic to a brand new site.

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As reported by Entrepreneur, the PPC offers two advantages. One advantage is that PPC ads show up on the search pages right away. The second one is it allows you as a business to test different keywords including headlines, prices, and selling approaches.[3]

13. Provide Expert Advice and Testimony Through Different Mediums

It can be challenging to get brand visibility when you are a brand business. However, if you have some significant knowledge and expertise in your company product or service, you should offer insight. This means you can publish a blog post with powerful visuals, an infographic, a webinar, a YouTube video, etc.

The idea is to plug your service but make it an interesting testimony that tells a story. It is not enough to tell the story of your product, but you have to connect with popular culture if possible.

Be creative and take risks because that may be the difference between success and failure.

14. An Online Business Cannot Succeed Without Effective Email Marketing Strategies

When you are compiling customer data, one of the most valuable pieces of information is a phone number and particularly an email address.

With an email, you can build an opt-in list. This list allows you to create newsletters or announcements to be sent to their inbox for exclusive offers.

You can set up a provider or a third party to analyze customer interactions with your email offers. What it will provide your business is cost opportunity and it is cheaper than print, TV, or radio.

Final Thoughts

After you have found your calling in building a product or service, start putting the building stones to create your service and product. It needs to solve a problem that no other business offers. If you are about solving problems, an online business is a right venture for you.

Launching an online business is a complicated undertaking, so do not expect instant results. Building a successful online business takes time, investing money, and developing a service that makes a profit.

Finally, make sure you have the available resources and a reliable team that will accompany you throughout your journey. They need to be loyal and have to bring something unique to your big idea.

Take risks and fail early because these experiences are the foundations for launching a successful company.

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Featured photo credit: Olu Eletu via unsplash.com

Reference

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