How to Quit Your Job and Go Full Time Freelance | Online
About this event
OVERVIEW: About 1 in 3 Americans is currently freelancing or a small business owner. By 2020, they estimate that number will grow to 40%. THAT'S INSANE! AND AMAZING!
It's becoming easier than ever to start your own business and work for yourself. But the idea of giving up a steady paycheck, retirement benefits, and health insurance can be completely daunting.
The good news is that most successful freelancers and entrepreneurs don't just up and quit one day. They take their time to build a foundation for their business and personal finances before they leave their day jobs, and you can too.
WHAT YOU'LL TAKE AWAY:
- Start diversifying your income and exploring your skills with side hustle ideas
- Categorize your skills and talents and identify potential income streams and customers/clients
- Calculate how much you need to have saved to take the leap
- Put together 12-month cash flow projections to create measurable and concrete goals for how to financially transition to freelancing full time
- Determine the best business entity to set up as your business grows
- Separate your business and personal expenses and manage your self employment taxes
- Get the right insurance in place
- Pitch your business idea to your target market
