4May

When Is It Time to Quit Your Job?

If you’re building your new business on the side of your full-time job, you expect there will come a point where you’re ready to quit your job and go full-time with your business.

How do you know when you’ve reached that point?

You may have heard conflicting advice on this question. Some people say it’s better to “burn the bridges” instead of playing it safe. Others argue it’s better to have an income stream while you’re still getting your business off the ground.

In this video, filmed at the Platinum Mastermind in Fiji, Nik Halik gives his advice about when it’s time to leave your job.

GET ENOUGH INCOME STREAMS

Always be thinking about your income streams. If your business is so new that it’s not generating any income yet, it’s foolish to quit your job already.

Once your business has been generating consistent income for 6 months, you may start thinking about reducing the hours you work in your job. Once your business has been generating consistent income for 12 months, you can consider it safe enough to leave your job altogether.

If your business is still not generating enough income, your job serves a purpose and you’re not ready to leave. Commit to paying a certain percentage, such as 30%, of your job income towards your business and other income streams.

Once you have additional income streams, especially if they don’t require your time, you have a safety net far stronger than any job. Nik Halik has at least 16 income streams.

GET YOUR PRIORITIES RIGHT

When assessing whether to quit your job, base your decision on income, not time.

Especially if your business is not generating any income yet, saying that you don’t have enough time to build your business is a very bad reason to quit your job.

If you’re convinced you need more time, remember that you’re never going to have more than 24 hours in a day. Even Warren Buffett still has the same 24 hours a day as you do.

It’s all about how you choose to allocate those 24 hours, and what activities you prioritize. Often, the people who say they need more time to build a business are prioritizing things like watching their favorite TV show or going out drinking on a Friday night.

If you stop prioritizing those things above building your business, you may well find you don’t need to quit your job yet after all. Leave that for later on when you truly don’t need it anymore.

The MOBE Platinum Mastermind is where the most experienced mentors share their wealth mindset and investing strategies with fellow members. To learn more about the Platinum Mastermind, click HERE.

In the pursuit of success, nothing takes the place of action. If you take no action, there’s no chance you’ll get the results you want.

However, that doesn’t mean you should immediately start acting before you even know what you’re doing. It’s worth taking some time to think before you act, and you’ll save yourself a lot of wrong turns.

In this video, filmed at the Titanium Mastermind in Phuket, Thailand, JT DeBolt gives you 3 steps to prepare for success.

  1. CLEARLY DEFINE THE OUTCOME

If you don’t know where you’re going, it’s unlikely you’ll get there.

Do you know the exact outcome you’re looking for at the end of the next 6 months? What about the next 12 months? Think about your revenue targets, and your lifestyle goals.

Most people have a vague idea, but they don’t bother to put it into clear terms. But if you can clearly define your desired outcome, the steps to get there will fall into place.

  1. IDENTIFY THE THREATS

Then, identify the threats that may impede you from reaching your desired outcome.

This isn’t about being pessimistic. It’s about identifying the things that are holding you back from success, so that you can overcome them.

Think about being caught in a fire. You can truly be pessimistic and believe there’s nothing you can do to save yourself, or you can ignore the fire and pretend that everything will be fine, or you can recognize that there’s a problem and you need to do something about it.

Sometimes the threats will be surface-level threats in your business. Other times, they will be deeper things, such as limiting beliefs embedded in your mind.

  1. LINE UP THE RESOURCES

Finally, line up your resources.

If you have everything you need – a vision, enough time, enough money, the right tools and the right people – you can conquer the world.

When assembling your resources, you must take the attitude that it’s not a matter of whether or not you have them, but a matter of finding them.

People often say they don’t have the money, therefore they can’t do it. But that’s another limiting belief. Money is everywhere. If you need $10,000 and you don’t have it, call someone and ask for a loan. Don’t let obstacles like this stand in your way.

You can access more beginner business strategies like this one, and learn how to model the “thinking patterns” of the world’s most successful business owners and entrepreneurs, in the MOBE Silver Masterclass. To learn more about the Silver Masterclass, click HERE.

Adversity becomes whatever you make of it.

If you’ve lived through adversity, there’s no reason it needs to be a liability to you. It can be an asset that you profit from. Not only does adversity give you the strength to handle the problems that business and life throw at you, but a story of overcoming adversity can be an effective sales device when you share it with others.

In this video, filmed at the Traffic Summit during the Titanium Mastermind in the Dominican Republic, Tom Beal talks about how to profit from your story of adversity.

EVERYONE HAS A STORY

Tom Beal had heard many times that a story of overcoming adversity could be a powerful asset in marketing. However, he always felt that he did not have a story.

One time, he listened to a talk by a man who had climbed the world’s highest peaks with one leg. He felt that the man had an advantage over him in terms of overcoming adversity.

Stumped, he hired a coach, who advised him to look back on his life in terms of 5 year chunks. 0 to 5 years of age, 6 to 10, 11 to 15, 16 to 20 and so on. Then, he should easily be able to identify stories of overcoming adversity.

If you do this, you will find that your stories of adversity are everywhere.

EVERY ADVERSITY CARRIES THE SEED OF A BENEFIT

Tom Beal realized that he had overcome a lot of adversity because of the circumstances of his birth. He had been born to teenagers, his mother 17 and his father 19, shortly after the time that abortion became legal. His parents were pressured to get an abortion but they persevered.

Tom grew up around a lot of adversity and chaos. He saw four divorces and six marriages, had attended 9 different schools by 8th grade and lived in trailers on welfare.

He wouldn’t change a thing, because he realized that it gave him the foundation to handle bigger problems and enjoy the benefits he does today. As Napoleon Hill said, “Every adversity, every failure, every heartache carries with it the seed of an equal or greater benefit.”

Sometimes that benefit comes after a week, or after 20 years, but it’s always there if you can find it. Never believe that adversity is your downfall. It can be your best asset, both in building character and through sharing them with others.

You can access more beginner business strategies like this one, and learn how to model the “thinking patterns” of the world’s most successful business owners and entrepreneurs, in the MOBE Silver Masterclass. To learn more about the Silver Masterclass, click HERE.

Diamond Consultant Chris Lakey & TJ Rohleder
Collect their 6-Figure Emerald Stone Ring at Leader’s Retreat IV

In March 2018, MOBE held it’s semi-annual event, the MOBE Leaders’ Retreat, the 4th in the history of MOBE.

This event was particularly special because Matt Lloyd distributed 84 MOBE Reward Rings to several of MOBE’s Top Earners.

Today, we feature TJ Rohleder and Chris Lakey, Diamond Consultants who have been seasoned veterans in the direct sales marketing niche for many years and joined MOBE in 2014. TJ was unable to attend the retreat, but Chris shared that he and TJ found great success with the MOBE system early on; but took a break in promoting while they worked through some internal processes to enhance their results. Chris says the secret to finding success with MOBE is go after your goals, taking massive action, not being afraid to fail, and finally, refusing to ever give up.

At the time of this recording, TJ and Chris had earned over $307,000 in commissions and collected 6 MOBE Reward Rings. Their top milestone ring is a white gold ring with diamonds and an Emerald center stone.

To find out how you can earn your MOBE MILESTONE RINGS and other rewards, click HERE.