How To Quit Your Job And Get A Better One

by Alejandra Santos | Mar 2, 2022 | Startup Tips

How To Quit Your Job And Get A Better One

This post will explain how you can quit your current job and get a better one. If you want to leave your current job and do not know how, stick around. We will tell you. If you want to make a career change, you are also in luck. You will learn everything you need to know about quitting your job properly. You will be able to live life to the fullest as you are working your new job. 

Keep in mind that there is a lot to consider when you are quitting a job. We are going to talk about all the reasons you might want to quit a job so that you can decide easier. The more that you know, the easier it will be to execute this process. 

Remember, this article is going to inform you and educate you. Everyone has different circumstances. If you are not able to quit your job, then you should not. Each case should be treated differently. However, we are going to talk about everyone in general. Let us look at what to keep in mind when deciding to quit your current job. 

should I resign

Deciding To Quit Your Job

If you are thinking about quitting your job, there are several reasons why. There are many reasons that would cause people to question whether they should stay at their current job. This could include any of the following:

Better Pay 

This is one of the most common reasons people will quit their job. They have found something that will pay better. Better pay is always something that motivates people. With everything happening in the world, it really is a good reason to find a new job. 

Better Opportunities 

Many people will leave their current jobs because they are not moving up. Some jobs there are few chances for opportunities. This means that you are stuck in the same position forever. This also means that you are going to be getting the same pay forever as well. 

If you find a job that has room for advancements, many people will choose this over their current job. People want to move up in a company and make more money. The goal is always to be better than where you started. 

Better Work Environment

Many people state that their work environment is toxic. There are arguments and incidents that go unreported. Even if they are reported, the employer does not do anything. If a person has had enough disrespect or mistreatment from a company, they will find an employer who will treat them better. 

Better Fit

Sometimes people will be offered jobs and take them. They believe that they can do it. However, they cannot do the task. They are going to find a job that better suits their abilities. 

Quitting Your Job – Gaining Confidence

When you quit your job, you need to be confident. You also need to make sure that you have another job lined up unless you are planning to quit your job and start a business. In that case, you should speak to a CFO consulting firm and companies that offer financial consulting services before anything.  Startup Tandem is an excellent resource for early stage startups and can help with your financial planning, budgeting, accounting and offer advice if you are starting a business.

You should not quit a job until you have another job ready to go. This is essential so that you are not missing any pay. Missing a single paycheck can cause problems. When you quit, there are a few things that you should have planned already. Let us look at the things that you should do to ensure you succeed. 

Compare/Contrast Jobs 

You will want to look at both jobs. You want to ensure that you are making the right decision. Look at the jobs and see which has better opportunities. You will make a pro and con list for this section. 

Look At Goals 

You will want to make sure that you are setting goals for yourself. Your goals are important. You should ensure that this job makes you closer to your career goals. This will help you on your path to success. 

Personal Needs 

One of the biggest things that people take into consideration is money. However, there are other reasons that you would go to one job over another. You want to decide what is important to you. You need to go to this job each day. What do you want in a work environment? Determine this before quitting and finding a job. 

Other’s Perspectives 

If you do not know what to do about this change, ask for advice and help. You can ask those who are close to you. This could include friends and family. Bring them the facts and information they need to know. They will need to know all the information to make an informed decision. 

Ensure The Company Is Legit

When you find a job, ensure that it is real. You do not want to quit a legit job for something that is not real. Make sure that the company is established. Make sure it has reviews and others have been there. 

1. If you want to quit your job, do it at the right time. You need to make sure that it works with your schedule and your employers. Always be sure to tell your employer that you are leaving. Never just do not show up. Make sure to give proper notice. Most employers will ask that you leave a two-week notice. This means that they have two weeks to work with you until you are done. 
2. When you are leaving your job, be honest. Tell your supervisor or boss why you are leaving. They will be informed and change how they are acting. For example, if you believe that the work schedule interferes too much with personal life, tell them that. 
3. Always be sure to leave on good terms. You want to have a place to go to if something does not work out. If you leave on bad terms, you are going to not have a place to go to. Always be professional even when you are quitting a job. 
4. Make sure that you are starting your new job right away. Establish yourself there and watch yourself thrive. Meet other employees and make friends. 

Following The Masses In The Great Resignation

As you know, we are currently dealing with a global pandemic. Many companies have positions that lye vacant. There are many people resigning from their jobs as well. It was a time back in 2021 when people were leaving their jobs because many reasons. Let us talk about what caused the Great Resignation. 

1. You will find that people were working in inhumane conditions. These conditions were bad before Covid. The area was even worse after the pandemic struck. 
2. Many people have worked more but are paid less. People are leaving jobs due to lack of pay. People are working harder for less pay. Many people are switching jobs or even careers to have better pay. 
3. A lot of people did not want to return to those work situations because the compensation from the government was enough to stay afloat. 
4. People are now finding ways to work from home. This is even more popular because of the pandemic. There are many businesses that have formed. 
5. People are leaving their workplace due to mandatory vaccinations. People believe they deserve to have a choice when they are getting vaccines. However, some companies now mandate that all their employees get the Covid-19 Vaccine. 

should I quit my job and start a business

COVID Has Altered Our Thinking About Employment

Since the beginning of Covid-19, people have been worried. People are worried to go shopping and people are worried about going to work. We have completely changed the way we look at employment. More people are staying home than ever before. 

Many people are looking to find new jobs during the pandemic. The biggest thing people want is to be able to balance work and personal life. This was the biggest consideration before the pandemic and continues to be the biggest thing during the pandemic. 

People are now more flexible with their work. This means that they are more flexible with their schedules and work times. Flexible work has grown about twelve percent. People are also looking to have an inclusive workplace as well. 

Inclusive Workplace 

People are finding that having an inclusive workplace is important. People are looking for everyone to be accepted at every company. People are not as willing to work with people who do not include everyone. Everyone should be able to do any job. People keep workplace inclusiveness in mind when determining a career. 

In fact, many companies are hiring many diverse people. Companies will often be looked at better if they hire more diverse groups of people. They are being inclusive and many higher-up people like that. 

PRO TIP: Read this article to learn how to build a startup financial model before you start. We know it will be super helpful.

Adequate Company 

People want to find a company that is going to last. A company that will be available forever. This means that people can build up retirement funds and love their job. If a person can have a career they want with benefits, they will choose that. 

Working From Home

Because there is a global pandemic, many people have been working from home. Many people will do their regular job from home. However, sometimes doing your current job at home is not possible. This means that people are searching for new ways to make money from home. People have started their own businesses from home during Covid. 

Just because you are not in an office, does not mean that you cannot get work done. In fact, people are being found more productive when working from home than in the office. 

Revolution

Many people see that Covid-19 has diminished the people who are willing to work. However, this is not true. People do want to work. They just are aware of what they want. People are more demanding about their jobs. Those who have work want a career. This means that they keep a lot of things into consideration. 

If you ever are wanting to quit your job for one reason or another, you have another to go to. This revolution of people finding their dream jobs, is amazing. While this is amazing, we do need people to fill positions that are empty. 

Not Enough Workers?

You may find that many workplaces do not have enough employees. Sometimes the workplace will close earlier than normal, not have the products they should, or other reasons. Everyone is finding their dream job and finding the best paying job. No one is looking at factory work or even fast food. These are all essential parts of our life. These jobs are great for those who have not had jobs in a while or are just starting out. 

Places are now paying higher because people do not want to work at them. Fast food industries are upping their wages to ensure that there are enough workers. Many factories are also upping their wages as well. 

Determining Your Path

When you are getting done with high school, you should make sure you know what you want to do with life. You should pursue school. However, you should still be working while in school. This will allow you to have money for important items. You never know when you will need to have extra money, especially during a pandemic. Factories and fast food are a good option for those who are going to school. Working from your dorm room is also an option. 

It is important that you take the time to determine what you want to be when you grow up. You want to be helpful as a human. Finding a job that you find rewarding is essential. 

should I resign

Quitting Your Job Is A Big Decision

Let’s be honest – quitting your job is a big decision. Especially if you have a family to support. So weighing out the pros and cons is key to quitting your job and finding a new one.

Ask Yourself These Questions When Quitting Your Job

Before you quit your job, ask yourself these questions.  If you find that you answer the questions with a no most of the time, it might be helpful to develop a plan prior to quitting your job for good.

• Do I have enough money in the bank to support myself or my family for an extended period of time?
• Do I have excellent or very good credit?
• Are my bills all paid?
• Are there any prospective jobs on the horizon?
• Do I have a desirable resume or service to offer?
• Does my family agree with my idea of quitting my job?
• Do I have other sources of income?
• Have I paid my dues at my current job or at previous jobs?
• Do I feel I can rightfully leave my job?
• Have I been applying to other jobs?
• Do I know what I want to do when I leave my current job?

How To Quit Your Job In 5 Easy Steps

If you’ve decided that the time is right to quit your job, here’s how to do it in 5 easy steps!

Step 1: Have A Plan

Before deciding to quit your job, you should have a plan.  Formulate your plan so that you can easily quit your job and not look back.

Your plan should include a savings of some sort, potential job opportunities or a side hustle to continue making the money you need, as well as a plan of action to actually quit. Read on to learn the additional steps to take to properly quit your job.

Step 2: Speak To Your Boss

This next step is very important. You must ask yourself if quitting your job is happening because you feel you are not making enough money or if you are quitting your job because you are truly unhappy.

If you are quitting your job because you feel you need a pay raise, then you should ask for a raise rather than quitting your job.

Step 3: Put In Your Two Weeks

If you still continue to feel that quitting your job is the best decision, put in your two weeks and do it the right way. If you fail to follow this step or leave on bad terms, you may not be able to get a reference from your employer. Also, if you ever feel you want to go back to your former job, you want to make sure you don’t burn any bridges that may prevent you from doing so.

Step 4: Continue To Do Your Best

This step is very important so as to not burn bridges from the job that you are leaving. You want to continue working and performing at your best.  Doing so will say a lot about your character. In addition it’s insurance so that if you ever face difficulties you will be able to ask for your job back and possibly even get it back.

Step 5: Take The Steps Necessary To Find A Better Job

Finding a better job might not be easy. But if you follow these steps you are sure to find something more fulfilling and rewarding and leave your other job on good terms too.

Wrapping Up: How To Quit Your Job And Get A Better One

Taking this time to determine your dream job is essential. However, keep in mind that you will need to have a job to go to if you are going to school for your dream job. This is where fast food and factories can utilize your help. Always be sure to have a job. 

If you are scared to work in public due to the pandemic, there are many ways that you can make money online. There are several platforms available to quickly make money. This means that there is no reason that you cannot work. 

We hope you now know how to quit your job and get a better one and wish you all the best.

What Type Of Business Should I Start?

by Alejandra Santos | Mar 2, 2022 | Startup Tips

What Type of Business Should I Start? 

If you are wondering what type of business should I start, then you are in the right place. We are going to talk about what business you should start and how to go about starting any business. We are going to talk about the basic steps to starting a business no matter what you decide to do.

PRO TIP: Read this article to learn which startups are the most profitable. You may want to consider a few of them!

Things To Consider When Starting A Business

When starting a business, there are many things to consider before you quit your job and start a business.  For one, how much capital do you have? If you are starting a business and have a good chunk to invest, your options may be less limited. You’ll have more money to invest in equipment and startup costs that many people aren’t able to afford initially.

Here are some questions to answer before you begin the process:

1. How much money am I willing to invest in startup costs, equipment, services and materials?
2. How much can I afford to lose without breaking the bank
3. What is the projected cash flow for the first couple of months into business ownership?
4. Do I have appropriate funding to support growth?
5. Are there a lot of initial costs that I expect to incur?
6. Do I have realistic expectations for my startup?
7. What about an accountant or bookkeeping service. Am I prepared to hire an accountant?

what type of business to start

Businesses That Are Easy To Start That You May Want To Consider

When you are thinking about starting a business, there are a lot of options. There are many businesses that could be started relatively easy. However, keep in mind that each business is different and will have unique needs. Let us take a look at a few jobs that are easier to start than some of the rest. 

PRO TIP: Read our tips for increasing cash flow in a startup.

Pet Sitting Businesses

We are not saying that everyone is going to want to do this job, however, it is something simple that you can start easily. There are pets in every community, however, not everyone has time to watch them or walk them. Plus, sometimes people go on vacation and need someone to watch their pets. 

You can be the person to help watch pets and take them for walks. It is simple. However, you may want to have a few items at your house if you are watching animals there. 

A few things you will need is:

• Food 
• Water 
• Pet Toys 
• Pet Sleeping Area 

You need to ensure that you have adapted to the needs of the pet and owner’s wishes. You want to ensure that the pet is properly taken care of while they are away. 

Cleaning Services 

You may also try to clean houses or other properties. You will be going into someone’s house or property to clean. Many people are looking for people willing to help them clean their house. This is a great business to start if you are looking to start your own. However, it is important to keep in mind that you do need to spend money before you start your job. 

You will need to make sure that you have all the necessary cleaning supplies. You will want to have your own cleaning supplies that you do not use at your house. You may want to opt for natural cleaners so that it is more convenient for everyone. You go to a client’s house, and they want cleaners that are all-natural, and you already planned for that. It is a solution where everyone benefits. 

Delivery Businesses

Technically, you can run and start your own business if you work for Uber or Lyft.  However, even hooking up with local businesses, offering them a better deal for their money with your delivery service is a great way to start a business. But the key here is relationships.

There are a few businesses that you can be your own boss. These are delivery driver option. You may not thing there is a place ever since the on-take of Uber, however you are sadly mistaken if you want to start a business on a much smaller scale.

Taking the time to know what business you can start is important. If you are going to start a delivery business, you need to ensure that your vehicle is clean and you connect with many local businesses in your area. You will also want to make sure that you have items to keep your food warm. You do not want the client to get cold food. 

Keep in mind that we are not saying you must deliver just food, there are many things that you can deliver. Either way, your vehicle should be kept clean and sanitized. 

Online Business

Online business is a great business to get into. Whether you are your own business owner on Amazon or somewhere else, the online arena is massive and doesn’t require anything other than a computer. Now, of course you will need inventory if you plan to start an e-commerce site or store. However, it isn’t always necessary to even have inventory on hand.

Managing Your Financials Properly

You must take note that each business is going to take money to start. You are going to have to invest in your company before you decide to start it. For example, pet sitting, you will need to ensure that you have everything you need. The same goes for house cleaning. You will need to make sure that you have all supplies you might need for cleaning a home. 

CONCLUSION: What Type Of Business Should I Start?

Taking the time to start your own business is hard, however, it does not have to be. There are a lot of people starting their own companies and businesses all the time. All you need to do is make sure that you have enough money to invest in the company to ensure that it lasts. Take the time to sit down and make a blueprint of your business. This will help you. Also write down numbers so you know what you must spend and what you should not. Also, make sure you write down everything you need and their prices.

Companies such as Startup Tandem can help you effectively start a business and manage financials.  Startup Tandem offers financial management services to companies in the United States.  With locations in Wilmington Delaware and Santa Monica, they are the best financial service for startups in the country and can help you with your business goals. Check out their Santa Monica location here and their Delaware location here.

We hope that this has answered your question about what types of business should I start.

Should I Quit My Job And Start A Business

by Alejandra Santos | Mar 2, 2022 | Startup Tips

https://www.youtube.com/embed/Go7ft3-265M

Should I Quit My Job And Start A Business?

Are you wondering should I quit my job and start a business?  This is a question that has been in many people’s minds and hearts over the past two years. 

And it’s a very reasonable question that deserves to be thoroughly looked at.  Especially if you’re not quite happy in your current job.

In this article, we will discuss some of the things you should be aware of when it comes to quitting a job and starting a business.  We will discuss the pros and cons of leaving your current employer to go off and become an entrepreneur.  By the end of this post, you should have the answer to your question and a basic understanding of what to expect if you quit your job to found a startup.

PRO TIP: If you do in fact choose to quit your job, learn all about who to hire for startup services! This is a super important part of the process.

 

The Past Few Years Have Lead To Many People Quitting Their Jobs

Since coronavirus, many people have chosen to quit their jobs.  This is due to a lot of different things and has become a very interesting and complicated issue in the United States especially.

With the onset of coronavirus and when the world began going on lockdown, the effect on businesses was devastating.  Many companies shut their doors due to not being able to operate.  The restaurant industry was completely destroyed and then re-revolutionized.  Many people left the office and began to work from home.

The result is that most workers saw several stimulus checks and the ability to go on unemployment and stay unemployed for a long period of time.  As people were unemployed and collecting unemployment and governmental money, it’s speculated that:

• Many workers realized their jobs weren’t paying them enough or invested in their best interest
• After many years of working for a company, many workers felt discouraged when they were simply discarded or put on furrlough
• Workers were able to reflect on the things that matter most such as family, security, health, and happiness
• Employees of companies began to realize that opportunities were elsewhere
• Workers learned that there was ample ways to make money and have true job security (such as starting a business or working remotely online)
• Many workers set out to find their true passions and live a life that brought more meaning and happiness to them (often out of the office and through becoming an entrepreneur)
• Workers are reported being burnt out from their jobs
• Fear of coronavirus is causing people to want to work remotely

4.4 Million People Quit Their Jobs September 2021

With the Great Resignation, a record 4.4 million workers have resigned and quit the workforce in September alone. The jobs that are seeing the highest turnover are in industries where employees are expected to show up to work.

So far, close to 35 million workers have quit their jobs in the past year. This is a huge number and the Great Resignation is still going strong.

Experts are saying that this mass job resignation could continue well into 2022. So let’s look at some more information before you go off and quit your job too.

Most Of The People Quitting Are (Really) Happy They Did It!

The overwhelming response for those who are quitting their jobs and venturing out to do something different is that they are really glad they did it!  Now, this doesn’t mean that things are necessarily easy.  But for the most part, people who are quitting jobs are quitting for the following reasons:

• Lack of a sense of job fulfillment
• Pay is too low
• Noticing it’s possible and very realistic to work remote
• Wanting to become an entrepreneur and start a meaningful business
• Feeling devalued as an employee (especially during pandemic)
• Wanting to focus on a different career
• Wanting to focus more on family

 

COVID-19 Has Caused People To Look At Their Careers Differently

The fact of the matter is that COVID-19 has caused many individuals to look at their careers and work/life balance differently.  For many, COVID was a glimpse into the sad reality that their employers didn’t really care about their wellbeing or safety.  

Maybe a family member contracted COVID-19 and an employer wasn’t understanding.  Or perhaps a worker employed by a company for 10+ years was simply laid off then asked to come back to work, with nothing said in between.

Whatever your particular situation at the time of the global pandemic, it’s important to take a look at how it changed your perspective on working.

Many Value Their Time And Freedom More

Many people who have quit their jobs in the past year or two realize that they value their time and freedom more than they previously have.  Even those who didn’t actually quite their jobs are reporting feeling the same.

The experience of going through an international pandemic has led many people to question how they are spending their time.  In addition, the way people are working is also in the forefront of many workers’ minds as either themselves or loved ones have spent many months working remotely.

Working Remote Has Become Popularized

Over the past year or so, working remotely and working from home has been popularized. In 2019, before the coronavirus pandemic, if you told anyone you wanted to work from home they would have probably rolled their eyes. In addition, most people didn’t believe working from home was a possibility. However, going into 2022, the world really has a grasp on the fact that working remotely is completely plausible.

“I remember pre-pandemic and before starting my SEO and SEM agency, I always said that I wanted to work from home. At that time, and it wasn’t very long ago, people kind of didn’t believe that that was possible. The coronavirus pandemic has led to many negative things.  However, it’s changed the way we work and opened doors to work-from-home jobs that used to seem unrealistic.” Elizabeth Roncevic, Founder and Owner – Bizmap LLC

Starting A Business Is A Realistic Goal

As reality sets in and leads to more people quitting jobs, many people are doing so to pursue lifelong dreams and start a business.  And guess what? Starting a business is a realistic goal.

Many are starting businesses because they want the freedom in their day to day lives. Others are starting businesses because they realize they will make more money in doing so.

But before you make any really big moves, you should assess whether becoming an entrepreneur is the best decision for you.  And below we will help walk you through this discovery. Because entrepreneurship isn’t for everyone.

PRO TIP: Learn more about Startup Tandem’s fractional CFO for startups before you start!

Assess Whether You Should Really Quit Your Job And Become An Entrepreneur

Before simply quitting your job and starting a business, assess whether starting a business is for you. Use the questions below to evaluate whether or not it’s really a good idea to start a business and resign from your job.

Ask Yourself These Questions About Quitting Your Current Job

Before you quit your job and start a business, it is recommended that you do a thorough assessment of your employment goals, experience and history. You can start the process of assessing this facet of your life by asking yourself the following questions:

• Do I feel as though my current job is holding me back
• Do I believe that if I quit my job I will easily be able to replace the salary I was making in a new line of work
• How has my behavior been at my job? Have I had a lot of call outs or other negative behavior?
• Have I been a productive worker on the job?
• Has my manager been pleased with my productivity over the past length of time? What would he or she say about my performance?
• Do I know exactly what I want to be doing instead of this job?
• Would I be able to stay in touch with my boss on good terms if I choose to resign?
• Is my current job easily replaceable if my business endeavors don’t work out?
• Do I currently have benefits that I would be cut from?
• Do I have medical needs that I will not be able to afford without the coverage or salary from my current job?
• Will I be burning bridges if I leave?
• Is there any opportunity for growth that I’d be interested in at my current job?
• Am I unhappy or depressed at my current job?
• Have I always had a gut feeling that I want to quit my job?

Ask Yourself These Questions About Starting A Business

Before venturing out to start a business, it’s important to understand the likelihood of your succeeding at being an entrepreneur.  This can by done by asking yourself a few simple questions.

• Am I ambitious and hardworking?
• Do I struggle at all with laziness?
• Do I tend to be a workaholic or overachiever?
• Does my personality often get in the way of my success?
• Am I open to feedback and constructive criticism?
• Have I always wanted to start a business?
• What type of business do I want to start?
• Is starting a business my dream?
• Have I struggled previously with working a 9-5 job?
• Do I have the appropriate funding to start a business?
• Do I have a business plan and a marketing strategy for my business?
• Have I considered the possibility that it could fail?
• What is my plan B?
• Am I well connected in the industry?
• Do I know others who have businesses who I can call upon if I have a question?

Understand That Starting A Business Takes Work!

After you have asked yourself all of these necessary questions, you’ll have a better idea of whether you are a good candidate for entrepreneurship.  And keep in mind, it’s a lot of work and not all fun and games.

Typically, a person who sets out to start a business should have a plan. They should have an ambitious personality that would allow for them to work long hours and feel fulfilled in doing it. In addition, it is ideal that he or she has been able to hold down jobs, maintain work and career related relationships, and demonstrate openness to new ideas. These are all great qualities that good entrepreneurs have.

Being prepared to start a business is a big part of finding success in doing so.  And there’s so much opportunity, just making sure you’re in the right headspace is important.

You’ll Need A Strong Foundation For Your Startup

In order to have a successful business and quit your job and never look back, you’ll need a strong foundation. This includes getting involved in small business meetups, having startup services lined up for you to use, and understanding some basic and very important things right from the start.

Most businesses don’t put too much time into thinking about some of these basic things beforehand. So it’s recommended that if you’re going to quit your job, you put some thought into setting up a no-fail business plan to ensure you start off on the right track.

Some Important Resources For Starting A Business

Beginning a business isn’t as straightforward as it seems. There are things you need to do and think of in order to create unshakeable dominance in your niche.  However, if you thoroughly plan everything and get yourself connected, you’ll see huge success for you and your business. It’s then that you may look back and say, “I’m so glad I quit my job and started my own company!”.

Below are some of the things you should consider setting up before you quit your job. You will find some excellent resources for starting a small business.

Marketing

Unless you already have a bunch of clients to help you through the beginning stages of starting a business, you will need to think about marketing.  For example, what type of marketing will you be doing? Do you plan to use direct mail marketing, SEO, Google Ads or social media marketing.

Another important thing to think about is whether or not you have a website and if you don’t, do you have enough money to create one?  These are very important questions to consider that can lead your business to success.

Financial Services

You may be surprised to know that there are a variety of financial services for startups that work at reduced rates and provide a huge amount of value to the companies they work with.  One such company is Startup Tandem.

When you start a business, it’s crucial to be aware that a lot of money can get easily wasted as you get set up and figure out your processes and business systems. Hiring a fractional CFO is ideal, but many don’t have the money to do so.

However, if you work with a financial management service such as Startup Tandem, you will be guided into better decision making and avoid some of the common pitfalls of being a new business owner.  In addition, you will have a partnership that will last the lifespan of your business.

Ideally, your financial advisor for your business or financial management services should save you money in the long run. That’s why it’s invaluable to invest in such a service. You’ll be grateful you did in the long run.

Accounting and Bookkeeping

Accounting and bookkeeping isn’t something many startups thing of right away. But if you already have clients and already have money coming in, it will pay for you to use accounting and bookkeeping services.

Keeping your books organized not only will save you time during tax season. It will give you a clearer picture of your business’s financial health and save you money in the long run too.

Startup Tandem works with many new business owners and helps them with accounting management and bookkeeping services. Contact them today to learn more about how they can help you as you quit your job and start a new business.

Tax Preparation

Tax preparation is a big deal and you should think about some important things that will help you through tax season and get the biggest deductions.  Some important things to consider before leaving your job is what type of business entity you will have and how it will affect your pocket book or wallet during tax season.

Consulting with a financial advisor would be a great way to better understand what type of business entity you should formulate.  Speaking to an expert to get financial advice for entrepreneurs is key to doing things right the first time! And it will pay off in the long run.

Branding

Branding is equally important and a big part of your business identity. Here are a few questions to consider before you quit your job to start a business:

• Do I have a branding strategy for my business?
• Have I hired someone to design my website yet?
• Do I have a logo and do I like it?
• Is my business properly branded with signage, business cards, a website and other important branding elements?

Putting a strong focus on your businesses branding is very important. Now you don’t need to do it all right away but you should definitely have an idea on the image you wish to convey to potential clients.

How To Quit Your Job The Right Way!

Now before you go and quit your job, let’s discuss how to resign the right way. This way, you won’t burn any bridges and if you ever need another job you won’t be stuck in a bad position.

Here are some tips for quitting your job:

TIP 1: Don’t Quit When You’re Angry

A lot of employees quit in a heated argument with their managers. This is one of the worst things you can do. In fact, you should quit when you are having a positive moment with an executive of your soon to be former company. The reason is because you want your manager to be willing to give you a reference if you ever need another job or not laugh in your face if you ask to go back.  Good rule of thumb is to wait at least 1-2 weeks after a bad interaction to put in a two week resignation.

TIP 2: Don’t Quit In Front Of A Group Or On Facebook Live

Be respectful of your manager and quit one on one. Don’t do it on camera and make a spectacle because it will haunt you and will lessen the chances that you’ll ever be taken seriously or hired again.

TIP 3: Be Respectful

Even if you didn’t like your boss and hated your job, you owe it to him or her and yourself to resign with dignity and respect.  Tell your boss that you appreciate the experience of working for the company and everything that you learned. This is great way to leave things because your boss will vouch for you if you ever need a reference.

TIP 4: Give 2 Weeks

No matter how ready you are to leave, give a two week’s notice. This is just the right thing to do and is a great decision to leave on good terms.  Just as you don’t want an employee to just ditch the scene when you start your business, you should give the same respect to your former employer.  Karma has a way of catching up anyhow so leave on good terms.

Things To Keep In Mind When You Resign

The main thing to keep in mind when you resign is to be respectful and not burn any bridges. If you follow these simple steps we know you leave in a good headspace.  In addition, you will still have some great opportunities for networking, references and staying in touch in the future. These are all invaluable as you move forward into your new life as a business owner.

Conclusion: Should I Quit My Job And Start A Business?

You should now have a strong idea of what you want to do with your future. With so many possibilities on the horizon, the opportunities are literally endless.  If you have a plan in mind and quit the right way, there’s no reason not to do it.  The world is moving towards more remote work and business opportunities nothing should keep you from what you really want to do.

Make sure you invest in a company that can help your startup right off the bat. Companies such as Startup Tandem offer a variety of service packages to budding entrepreneurs such as yourself.  Reach out to them to learn more about their culture and how they can help an early stage startup such as yours.

Take a look at Startup Tandem below:

You should now have the answer to your question should I quite my job and start a business so we wish you all the best!

7 Realistic Tips For A Successful Startup

by Alejandra Santos | Mar 2, 2022 | Startup Tips

7 Realistic Tips For A Successful Startup

In this post, we will go over 7 realistic tips for a successful startup. You’ll learn everything about managing and starting a new business and some important tips to keep in mind too.  

As you know there are a few key areas that are critical for any startup to function. Luckily, the trial and error of others can lead you through the weeds and help you to found a successful small business that can thrive. Below we will go over some important factors to keep in mind if you’re planning on starting a small business. So let’s get started and go over our tips for a successful startup.

Important And Realistic Tips For A Successful Small Business

Let’s look at our 7 realistic tips for a successful startup. No matter what your startup is and what you are planning to do, these tips will guide you along the way.

TIP 1: FINDING YOUR NICHE

When beginning any business, you want to make sure you have a well-defined niche. Define exactly what you are selling, even if you are not blatantly collecting money from your consumers you are still selling an idea to that audience. Find who is most impacted by your involvement in their lives and that will allow you to find a marketing strategy to best suit that audience. Remember that your ideas may change as the needs of the consumer are met, so stay flexible and set realistic goals.

TIP 2: BUSINESS PLAN

Writing out a business plan is suggested by business experts for anyone with a startup idea. The pieces that are required for a formal business plan are there to make sure everything has been thought out, so use templates to your advantage. Some parts can become redundant when you are doing it for your own use, so take what you feel is helpful to you and try to make it as well thought out as possible. With limited funds available you need to over-estimate spending and leave an emergency fund. You need to maximize spending efficiency and stay open-minded, again flexibility is paramount to making your startup a success.

PRO TIP: Read these tips for increasing cash flow in a startup! We know you’ll find them super helpful!

TIP 3: PRODUCT RESEARCH

Keep yourself up to date on market trends and industry news. Be sure to include product research when budgeting for a business to ensure you are current with this information. Oftentimes new editions of tools, software, or the needs of your audience can change from year to year. The first struggle is keeping tabs on these changes, and implementing changes to anticipate the market. Keep your eye on how your startup can uniquely adapt and function alongside these challenges. This is an important tip for a successful startup.

TIP 4: FINANCES

Financial management is incredibly important if you’re a startup.  Starting costs can be some of your largest when getting the equipment and software you need to begin setting your vision in motion. Be sure that you are considering how much you will be spending on day-to-day items.  Taxes can become a big problem as your startup increases in size. An easy way to fix this is to keep a trusted financial advisor on your phone list. They can simplify the process by adding their expertise to your hard work and vision. Another easy way is to get your business bank account set up early on. Everything gets siphoned and sorted under the same names and accounts, making tax time much easier. 

Another important consideration is business bookkeeping and accounting management.  Companies such as Startup Tandem offer service packages that can help your business with bookkeeping and accounting among other things too.  Learn more by contacting them here. They help hundreds of startups like yours ever day!

PRO TIP: Read this post to learn if you should hire an accountant if you have a startup. We think it will help you manage finances a little better!

TIP 5: POSITIVE PEOPLE

Keeping positive people in your circle will help both motivate and drive you to do your best work. Who you put on your team will not only help to define your startup but how long it is able to last. Training your lower staff to the same quality standard can make things move much faster by keeping review time at a minimum. 

However, building a positive support staff is only half of the obstacle. Many startups fail due to management being unable to handle obstacles and pivot to more functional options. You and your upper management must keep your heads and think outside of the box to maximize your startup.

TIP 6: NETWORKING

Anyone can help better your startup, but there are definitely some that can do more than others. Networking at campus events or business conventions pull groups of similar professionals together and create an opportunity for excellent networking. Network at conventions and campus meet-ups help with staffing, testing, public outreach, and more.

In addition, your networking will also lead to professional partnerships.  For example, say you attend a meetup for small business owners in your area. You may also meet a marketing agency that you can hire for your startup business and they may utilize your services too.  So networking works both ways.

TIP 7: FLEXIBILITY

Life is very chaotic and the audience interested in what you have to offer can change a lot. Staying flexible within the pivots of your startup will define how successful you can become. Using money efficiently, keeping your equipment and software up to date, and making smart business decisions will together keep your startup running. 

CONCLUSION: Realistic Tips For A Successful Startup!

These seven tips are the most realistic pieces for your startup to be and stay successful, regardless of where you are starting from in your idea process. By staying flexible and keeping your thinking simple, you will be able to find functional ways to implement your ideas.

We hope you enjoyed our 7 realistic tips for a successful startup and wish you all the best!

Tips For Increasing Cash Flow In A Startup

by Alejandra Santos | Mar 2, 2022 | Startup Tips