4 Things you need to consider before Quitting your Job
Quitting a job is not something you do in the heat of the moment because the minute you do it, there is no turning back.
There is a big difference between quitting and getting fired. In case of the latter, you are entitled to your service dues.
While quitting your job to start a business, one thing is certain, you will not have regular flow of money at least for a few months.
In the recent past, the Kenyan economy has experienced a great rebound. Unfortunately, we cannot say the same applies to the employee morale levels.
They continue doing the same or more for same compensation. This has led many people and especially the youth to consider quitting their jobs and start running personal businesses. If you are in the same bus and about to quit, there are a few things you need to consider first.
Why are your Quitting?
Quitting a job is not something you do in the heat of the moment because the minute you do it, there is no turning back. You, therefore, need to sit back and question your decision before actualizing it. Make sure you will be in a good position to answer the question ‘why did you quit your” without far fetching the reasons.
How does your Employer handle Resignation?
There is a big difference between quitting and getting fired. In case of the latter, you are entitled to your service dues. While it might still happen in case you quit, the chances are minimal.
Before penning down your resignation letter, make sure you are comfortable with whatever decision the management will make concerning your move. To raise your chances of having the labor laws protect your interest, make sure you serve the notice days agreed upon when you got hired.
Define your Priorities
If there is one big mistake that people make while quitting their job, it is thinking that all they need is drop everything and simply update their resume. You need to be more definite about what you want both with your job, career and life in general.
Having this defined will help you know the right path to take once you are no longer employed. Sometimes you might find out that you are quitting, not because you want to start a business but because you are not happy with your job. If that’s the case, you will need to be keen on your next path, else you find yourself in a similar situation.
How will you handle your Expenses?
While quitting your job to start a business, one thing is certain, you will not have regular flow of money at least for a few months. That’s why it is important you make sure you have saved enough to survive you through these months. The best way you can achieve this is by planning your exit plan 12 months or so before actualizing it. By doing so, you will have saved enough to cover your expenses and any contingency needs that may arise without affecting your business capital.