It feels like just yesterday that we were navigating the delicate balance of leaving our full-time day jobs to pursue ministry.
It got to the point where we were spending so many hours on our ministry that something had to give, but we weren’t quite making enough in our business to replace our full-time income. Sound familiar? This tipping point happens in most businesses and there comes a time when you just need to take the leap. While this time can be stressful for sure, there are things you can do to make the transition smoother! Here are my top 3 tips to make the transition from full-time job to self-employed easier:
Secure another steady stream of income first.
Securing a stream of income from your ministry or side hustle that’s trustworthy and likely to last more than a month or two will reduce the chance you’re going to have to return to work a few months down the road. Membership, coaching clients under a contract, or residual income from clients are a few ways to make this happen. You don’t have to replace your current income entirely, just make sure you’re making enough to keep afloat for 3-6 months while you grow your business.
Live on a leaner budget before you quit your job.
Before you leave your job, create a budget that mimics what your income will be like when you quit and stick to living off of that before you leave your job. It will make the transition much easier if you adjust your spending before you’re faced with all of the other changes that switching to self employment entails. Doing this will also allow you to put away the extra money that you aren’t spending and grow your savings!
Pray about it.
One of the most important things you can do about your situation is to pray about it! Ask God if there’s something that you’re not seeing. Sometimes going part time or finding a ministry related job creates enough freedom to be able to slide into a season of greater impact in your ministry!
What about you? What would you add to this list to help make the transition to being self-employed easier? Let me know in the comments! And if you’re looking for a tribe of other faith-led women in business don’t forget to join our online community, Christian Women Who Lead.
Angela J Herrington is founder of Broken Beautiful BOLD online women’s ministry and Life and Leadership Coach for Christian Women.
In addition to operating a successful boutique social media agency, she teaches women how to recognize, cultivate, and unleash their God given leadership ability. She holds a BA from Indiana Wesleyan and a Masters in Leadership from Wesley Seminary. Her graduate research project focused on leadership development and opportunities for Gen X women in the US church.
Angela is a Lark’s Song Certified Life Coach who reaches hundreds of thousands of women in 40+ countries each month on Facebook, IG, Twitter, Pinterest and two blogs. She is Director of Communications for Wesleyan Holiness Women Clergy, a women led organization dedicated to engaging, empowering, and equipping women to lead in the church.
She is the host of the soon to be launched God Sized Calling Podcast and has also been published in Hope for Women and HOPE is Now magazines.
Angela is a also wife, mom to 6, and proud resident of Marion, Indiana with her family when they’re not traveling the US in their RV.