Officially Unemployed at 5:00pm today - Now what?

[Lynn 007]

My husband's last day of work is today at 5:00pm.

Both of us are quite happy about this as we see it as an opportunity for a new beginning and the push to start a home based business - but what? We need to figure that out.

I say take the summer off and do some research on successful home based busiesses, create a busines plan, launch something in the fall? On the other hand. I also like Steve's article of one week on, one week off. Start something right away and work on it as you go?

If you were given this opportunity, what is the first thing you would do monday morning? Besides make me breakfast, while I go to work :-)

[SatvikBeri]

Originally Posted by Lynn 007

My husband's last day of work is today at 5:00pm.

Both of us are quite happy about this as we see it as an opportunity for a new beginning and the push to start a home based business - but what? We need to figure that out.

I say take the summer off and do some research on successful home based busiesses, create a busines plan, launch something in the fall? On the other hand. I also like Steve's article of one week on, one week off. Start something right away and work on it as you go?

If you were given this opportunity, what is the first thing you would do monday morning? Besides make me breakfast, while I go to work :-)

You and your husband probably understand his workflow best. How much of a break does he need to return to peak productivity? It may be more than a week, after being at a job for so long.

The other question is whether he's the type who benefits most from studying a lot, learn, and implement. Most people benefit from having an example as they go, i.e. starting a business immediately. But this again, is very dependent on the person.

One way to reconcile the two is to use a course like Site Build It! , which will let you learn and give you a strict schedule for implementing at the same time. I would probably use SBI in your husband's situation.

[usataxrules]

Are you working? Do you currently have other sources of income or have enough savings to pay your expenses for the next few months?

I agree that since your husband now has free time, this would be a great opportunity to experiment with various projects or income streams. Only the two of you can decide to together what is right for you. If you're going to seek advice on this forum, you may want to tell us about your skills, desires, resources, constraints, etc.

Good luck!

Michael

[James81]

You had to see this coming sooner than today, though, right?

In other words, what sorts of ideas have you been tossing around?

Personally, I wouldn't be taking time off to brainstorm unless I had a good year's reserve of money in the bank to cover bills because, well, starting a new business is going to take time to build profit that will cover the household bills.

[Lynn 007]

Thanks for your comments.

We knew two weeks ago his contract would not be renewed and we can survive on my pay so money isn't a real issue.

My question is to anyone who has a successful home based business or is working with SBI (we would use them) did you find you were more successful jumping in and making changes as you went along or did you have a clear picture of your plan and followed your passion?.

We have about 5 or 10 ideas floating around that with the right time and energy put into them, would be successful but neither one of us has found our "do what your passionate about business" and can't decide where to start.

[AdamA]

Both of us are quite happy about this as we see it as an opportunity for a new beginning and the push to start a home based business - but what? We need to figure that out.

- Speaking from my own experience with starting a couple of different websites....Pick your best idea and just run with it. I've learned things from doing my first website and trying to get it "heard" that made me rethink how I would do things if I had to do it over again. The point is, your first website is like a startup that may crash and burn, but if it does, you'll have learned so much more that will help you make the next one a success.

[ssandra]

Well... what is his passion? What does he love doing? What is he good at? Where are your interests in?

If you answer those questions, maybe I can come up with an idea that matches those interests... but the first thing to know is what you want.

There is no way to fail faster at your own business, then not knowing exactly what you want to do....

[michelle1]

I use SBI and think they offer an excellent training system. There are things on the back end though that are frustrating and clunky (like the email situation is a pain in the behind, unless you are savvy enough to get around it). However the education is unmatched when I compare it to other things out there that I have seen/experienced.

I found this blog recently and I was pretty wowed, and I don't really wow that much... The Smart Passive Income Blog - Passive Income Ideas and Online Business Tips His blog posts over deliver useful and practical information about taking your internet business to the next level. He even includes monthly income reports with where/how he earned it, for those interested in such things...

I think it has been mentioned that SBI is great at teaching traffic and having a "sticky" site but it doesn't have as much info about the making money part (don't get me wrong it is there, but I have just found some other sources to be better). Pat's Smart Passive Income Blog helps you to learn how to create your own product with lots of details and information about how to get it done. I think this blog is more suitable for those WITH traffic, but not monetizing them very well. But good to bookmark if you are still working on traffic.

[AttractIt]

Hi Lynn,

I truly understand you!

Feel,
Go with your strong feelings,

Try not to be too much logical, because in business,
the path is what important,
Your personal growth is what count,

And while you decide to take a certain opportunity because someone
said or told you about, and you don't feel you should go into it "for the good and for the bad" you'll not feel 100% complete,

Thanks!

[danthony]

Originally Posted by Lynn 007

My husband's last day of work is today at 5:00pm.

Both of us are quite happy about this as we see it as an opportunity for a new beginning and the push to start a home based business - but what? We need to figure that out.

I say take the summer off and do some research on successful home based busiesses, create a busines plan, launch something in the fall? On the other hand. I also like Steve's article of one week on, one week off. Start something right away and work on it as you go?

If you were given this opportunity, what is the first thing you would do monday morning? Besides make me breakfast, while I go to work :-)

I would start something online right away such as a JV business or something to that effect. You can always tweak it as you go along, but i've learned that the 'universe loves speed'. In other words, when great ideas come to you, you should implement them right away once your research is sorted. Your mind is a very powerful thing and capable of immeasurable results. In any case, this definitely is a new kind of beginning and glad that you guys are looking at it this way.

[AndreaJordan]

Hi

Firstly, congratulations! You are about to start a whole new adventure.

I am currently moving from an 8-8pm job (I used to dream of a 9-5 job!) to having my own on line businesses and wanted to share some of what I have learnt so far.

1. Do you want a job or a business? Both are equally good but you need to decide which. A job will mean that you have the home based business and essentially are doing the same hours (maybe more!) that you are doing now. A true business will mean that you have the opportunity to remove yourself from the business and essentially have it run itself.

Your choice here will assist you to determine the type of business that you pursue.

2. Passion vs profit
Many people say that you should do something that you love. In theory this is great if what you love is something that a lot of other people love too and you can make ends meet.

But if your passion isn't going to be a profitable one then a great alternative is to have a business that you like that then allows you to pursue your passions. Perhaps you will have a combination of businesses; some that provide an automated cash flow and some that you simply love spending time developing.

I would start doing something start away as you will have a great momentum going by the fall. What I did when I was given this opportunity was to map out how I wanted my life to look, my objectives and the steps I needed to take to meet my objectives. This does change but is a great starting point. It also allows you to see how much money you actually need to make. After all, money is merely a tool to allow you to live your dreams.

I wish you the best of luck.

Andrea