About This Show
Igniting Souls with Kary Oberbrunner is a podcast designed to help you discover clarity around who you are, why you're here, and where you're going so you can become a Soul on Fire and share your message with the world.
Most Recent Episode
9 reasons why NOW is the best time to start your coaching business
Should you Start a Coaching Business?
Better face the facts. It's highly unlikely you're going to retire at your current place of employment. This means your current day job is temporary. Some employees hear this and "go ostrich." Fearfully, they stick their heads the ground and ignore this truth. Other employees wake up to the fact it's their responsibility to create a side hustle now, before their jobs are eliminated or outsourced.
I meet people nearly everyday who weren't ready for this harsh reality.
Their jobs were secure one day and suddenly non-existent the next. Understandably, this creates panic in people that have what I call a "long-term contractor" mindset. Contrast that with what I call a "functional freelancer" mindset. These people don't worry at all. Notice the differences below displayed in the chart I pulled from my book Day Job to Dream Job.
In today’s podcast episode I share 9 reasons why now is the best time to start a coaching business as your side-hustle.
How to Create a Successful Side-Hustle
Don't misunderstand me. I'm not suggesting you go and quit your day job today. Quite the opposite. Actually, I'm encouraging you to keep your day job while you start your side-hustle. The odds of succeeding are actually in your favor. In fact, according to an extensive study, you're 33% more likely to succeed in your start up if you don't quit your day job cold turkey.
Check out this excerpt from the Harvard Business Review:
Entrepreneurs who give up their day jobs in stages are 33% less likely to fail in their start-ups than those who leave their jobs precipitously to run their new businesses full-time, according to a study of thousands of Americans by Joseph Raffiee and Jie Feng of the University of Wisconsin-Madison. The staged approach, which allows entrepreneurs to gain important knowledge about their new businesses while phasing out their paying jobs, has become much easier with the rise of digital technologies that reduce the cost and time commitments of starting new companies, the authors say.
Earn Extra Income while in your Day Job
In 2011, while still in my day job, I saw the writing on the wall. Although I loved the people I worked with and the organization I worked for, I also knew I had untapped potential and unrealized dreams.
I began coaching a few clients on the side. After a few months of seeing clients become souls on fire, I knew I was hooked. The extra income helped me realize I could scale this side business