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Exit Strategy Timeline-February

30 Jun

February: Sharpen your saw

· Read Escape the Cubicle (again).

· Write your Definite Mission.

· Decide where you want to do business. Yes, this includes checking the cell phone service, Internet coverage, and tax structure at the place you want to open up shop.

· Do your SWOT Analysis. SWOT is an acronym for Strengths, Weaknesses, Opportunities, and Threats. I cover the SWOT Analysis later in this book. You can download my SWOT Analysis form for your personal use now[i] or finish reading the book and then do this checklist.

· Create your elevator pitch and remember you are currently employed but looking at changing careers. You can start yours with, “I am researching creating my business, which will…” Remember, you’re still in the cubicle. You have to honestly share that info whenever sharing the elevator pitch or explaining why you bought these books. Be accurate and honest.

· Become cheap. Start stockpiling cash for your business. Cancel any vacations or large personal purchases. You have better uses for that money. Frugality is a habit. You need 21 days to embrace a habit. Make personal frugality your first.

· Make gift requests count. My family publishes Christmas lists, so I asked for a Sprint gift card. I received one and used it to buy a new phone that I use for my business.

· Create an entity. This includes registering your Internet domain name(s) and official business name. Establish an e-mail address at one of your domains.

From Escape the Cubicle

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