S.E.E.

With the uncertain economic climate of the last two years, job security has become a thing of the past. Many people thought they were in a position where they would still have a job for the next 20+ years, only to receive the bad news that the business they'd been working for was going to close down, or that the company that they were working for was going to let X number of workers go. What can you do to secure your financial future?

Of all of us who are still lucky enough to be employed, the uncertainty still lingers, following us like an eerie shadow. For those of you who haven't decided to use your spare time to work for yourself, better late than never. Many people who decided to work in their spare time were left unimpressed and disheartened by what little profit they made in the first few months, and decided to quit. Let's look at this situation from a realistic point of view: whatever your side business is, your first few months are going to be the hardest, but that doesn't mean you should throw in the towel altogether.

The first few months to a year are usually where you learn the most about what works, what doesn't, and what you should change or improve in your business. As for what you are earning, you should never allow the meager earnings in the beginning to make you quit. Remember these 3 letters: SEE

S = Supplement: In the beginning, the money you make from your side business will probably only supplement the pay you earn from your day job. During this phase, most people throw in the towel and revert back to relying only on their day job. Instead of doing so, work harder on your side business. Stay up later and make the sacrifice to improve your business so that your earnings can reach the first E.

E = Equal: If you've put the extra hours and hard work into your side business, your next realistic target is for your side earnings to equal the income you receive from your day job. Once you've reached this point, all the sacrifices you've made will finally start to feel worth it. Some would settle at this point. Some would feel that they have reached their end goal, yet that is not the case at all. At this point is where you truly test your limits by pushing yourself even harder physically, mentally, emotionally to reach the last E.

E = Exceed: Your final target would be for your side business' earnings to exceed your income from your day job. When you reach this point, you might feel like you just want to quit your day job and focus on your side business full time. This could be a BIG MISTAKE. Don't quit your day job too soon and end up regretting it later. Only when you are sure that your side business has the potential to thrive if you focus on it full time can you even consider quitting your day job.

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