Freelancing vs employment
It’s hard to go it on your own. Before you decide to go into business for yourself, explore the options for breaking in to your new career by gaining experience working for someone else. Don’t let anyone who is out there freelancing tell you it’s a piece of cake to find contracts and work in the “gig economy”. Don’t let anyone sell you the dream of magical “6 figure revenue” in your new career in your own business. It’s not that it isn’t possible. It’s just that it takes time to establish a new business presence. And time = money. I’m still eating into the remains of my 401k plan, squirrelled away in the last 10 years.
As I approached the end of the year, it became increasingly urgent to find a new source of stable income. I realized that even though I could earn more money per hour doing marketing, I could also gain experience in my new career direction if I lowered my earning expectations. That meant more hours – but more hours working in my new career. I started to focus more exclusively on part time jobs in training and coaching.
Self-doubt and confidence buddies
I’d like to say that I wake up every day energized and full of enthusiasm. Most of the times, that is the case. But self-doubt, fear of the unknown, yearning for financial stability all eat at my spleen on a regular basis. Quite regularly I start to second guess my decisions. I have many projects going in parallel – testing out potential revenue streams, expanding my network, refining content strategy. Am I focusing on the right things? Am I making enough progress? When it starts to go on loop in my head, I know it’s time to call one of my confidence buddies. Or all of them. That’s my circle of friends and family who keep me honest – and who always bring me back to myself. They remind me of how far I’ve come. They encourage me and share their own suggestions. They lift me up. Thank God I have them because without them, I wouldn’t still be here on this adventure.
Enjoy the journey
Here I am, 13 months after I started this adventure. I am redoing my website. I’m starting a new part-time role doing career coaching for international students. I am editing the 5th draft of my first book. I’m focusing on creating a new branch in my network and some local contacts to get some speaking and training work. I still don’t know if I am going to earn enough money to pay the bills this year. I am still very much in transition. But I am doing what I want to do.
This is the year of “show me the money”. It’s make or break. But my definition of make or break has changed a lot. I don’t care how my combined efforts will deliver exactly from a revenue perspective. As long as I can pay the bills. As long as I continue to explore and learn. I unturn new stones every day. Each one is a stepping stone towards whatever lies next. I do my best to stay focused on the most important part, enjoying the journey one step at a time.
If you are interested in finding a new career, but stuck on next steps, book a free discovery session to explore if coaching is right for you.