In this episode, Catherine shares her journey of transitioning from a secure full-time job to running three successful businesses. She provides insights and tips on how to make the leap from corporate to self-employed. Catherine emphasizes the importance of exposing oneself to successful self-employed individuals and surrounding oneself with supportive communities. She also highlights the need for financial stability and multiple income streams during the transition. Catherine encourages reframing the current job, setting clear outcomes and timeframes, and staying connected to one's purpose and vision.
Takeaways:
Expose yourself to successful self-employed individuals and engage with their content to gain motivation and inspiration.
Create a financial cushion or have multiple income streams to provide stability during the transition to self-employment.
Focus on basic legalities and business setup, such as purchasing domains, creating contracts, and setting up email marketing systems.
Stay connected to your purpose and vision, and set clear outcomes and timeframes to stay motivated and focused.
Surround yourself with supportive communities and seek mentorship and guidance to fast-track your journey.
Chapters:
00:00 Introduction: Making the Leap from Corporate to Self-Employed
01:03 Challenges of Transitioning to Self-Employment
04:25 Reaching the Tipping Point
05:23 Personal Challenges and Motivation for Transition
06:17 Struggles as a Working Mother
07:43 Transitioning to Self-Employment
08:39 Financial Stability and Multiple Income Streams
10:08 Building a Coaching Practice
13:26 Importance of Retreats and Masterminds
16:24 Launching a Membership and Scaling the Business
19:30 Motivation and Opportunity Cost
21:53 Creating a Financial Cushion
23:21 Legalities and Basic Business Setup
26:12 Purpose and Vision
27:11 Setting Clear Outcomes and Timeframes
29:17 Conclusion and Call to Action
Resources:
Get my FREE book ‘It’s Not About The Money’
Take the Money StoryTypes® Quiz
Join Catherine’s FREE Facebook Group ‘Wealthy Woman Community’
Catherine’s YouTube Channel
Connect with Catherine on Instagram
Connect with Catherine on Facebook
Leave your thoughts on our podcast episodes here
Details for The Enrichment Method™ can be found here
Book recommendation: Key person of influence Daniel Priestley
Click here for information on the Wealth Awakening Retreat
118 - How to Create Impact Without Burnout with Dr. Joanna Martin
117 - Putting Profit First with Mike Michalowicz
BONUS - 8 Steps to Explode Your Profits Through Podcasting with Anna Parker-Naples
116 - How to Prepare Financially for Divorce
S7 06 - Real Money Stories: Don't Spend What You Don't Have
S7 05 - Real Money Stories: The Impact of Trauma on Money Relationships
S7 4 - Real Money Stories: The Cycle of Over Giving
S7 3 - How to Stay Focused & Motivated in 2021
S7 2 - Real Money Stories: Being Financially Dependent
S7 1 - Real Money Stories: Uncovering the Limiting Beliefs Behind Overspending
BONUS: Happy Birthday Catherine!
S6 22 - Autism and Financial Planning: Planning Across the Spectrum
S6 21 - How to Make the Most of Your Money During Crisis
S6 20 - The Power of Journaling to Re-Program Your Self Limiting Beliefs
S6 19 - 6 Ways to Protect Your Money During Crisis
S6 18 - 10 Simple Steps to Get Into the CEO Mindset
S6 BONUS - An Interview with Gary Das
S6 17 - How to Manage Finances After the Loss of A Loved One
S6 BONUS - Balancing Strategy & Mindset When Building a Business
S6 BONUS - Get to Know Catherine
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast