New Year, New Business


At 8 p.m. on New Year’s Eve of 2013, I invested in my own business in a way I never had before. I hired a coach and, shortly after, quit my day job after many months of juggling both the corporate world and my increasingly successful coaching business. I was nervous. It was too expensive. I didn’t need another program or more training. I was already a qualified coach!

But something told me to take the plunge.

So, I put my credit card down and prayed that I made the right decision.

I sure had.

Over the next few months, I learned not only about how to become a masterful coach and businesswoman, but also how to do life—my life—really well.

Six months later, I was bringing in more money each month than I had ever made from my corporate job, and, more importantly, I knew I was doing what I had been put on this earth to do.

That fresh start on New Year’s Eve was the best decision I’ve ever made. So, if you’re wondering if a fresh start is what you need for your career in 2015, here are some questions to ask yourself: Do you have the experience to be a success? I wouldn’t recommend going straight into business for yourself without getting proper experience first. But, once you have that experience, you can make yourself the one in charge, which leads us to…

Are you ready to do things your way? It’s simultaneously thrilling and terrifying going from relatively little decision-making power in the corporate world to being completely in charge and making all of the decisions.

Do you want more from your work? When I started my first business a few years back, part of my motivation was that I wanted more meaning from my work than I was getting from my corporate career. Helping women one-on-one to realize their dreams is endlessly satisfying.

Do you need flexibility for family (or future family)? Back when I was in college, I worked as a nanny for two families who both had two children younger than three years old. One mom was a fashion designer and worked full time. The other was a lawyer and had her own business. While both families had their ups and downs, the mom who seemed the happiest was the one who had her own business. I knew then that when I eventually became a mom, I wanted to have the flexibility to take a sick baby to the doctor or watch my child’s ballet classes. Until then, I have more time for travel than I ever did before!

Can you replace your salary? When you report to someone else, no matter how hard you work, your paycheck is most likely constrained by lots of parameters. As your own boss, you make money directly in relation to how hard—and smart—you work. Consequently, I’m making more money than I ever did in the corporate world. Plus, working for every dollar I make is so much more rewarding than just drawing a paycheck from a big company.

Do you have the right strategies to make your business a success? Once you have those in place, you’ll be amazed by how successful you can be in business for yourself.