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Creative Capital

Creative Capital Podcast 125: Full-Time Transition Out of Corporate America

Creative Capital

Josh Ferrari

Investing, Business

51.1K Ratings

🗓️ 21 December 2021

⏱️ 8 minutes

🧾️ Download transcript

Summary

Welcome back to this week's segment of the No Limite Minute for the Creative Capital Podcast. Today, you and I are going to have the “transition talk.” I personally have not taken this leap yet, but I still wanted to give you a glimpse of how your business would look like if you finally took the courage and eventually transitioned your business from being a sige gig to your full time gig. In this episode, I will share with you how there is no one size fits all framework of transitioning, how to know if it’s the time to transition, and the things that you will eventually gain as a business owner if you finally take this full time. Listen in!

[00:01 -02:19] Let’s Talk About Transition

  • An overview of the episode
  • Working on real estate on the side
  • Transitioning to real estate full time to grow the business

[02:20 - 05:42] Going Full Time with the Business

  • Workin on a safety net before quitting
  • The transition period varies for each person
  • Having the courage to take the leap and go full Time

[05:43 - 07:41] Closing Segment

  • Take the leap when you see yourself in a rut
  • Connect with a mentor, business partner, or spouse before taking the leap
  • A summary of the episode
  • Closing words

Key Quotes:

“As entrepreneurs, in their basic sense, are making these calculated risks and these decisions when it comes to investing or just starting a business becoming an entrepreneur.” - Josh Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to this week's segment of the No Limit Minute for the Creative Capital Podcast.

0:11.2

Today, I wanted to talk about a transition, talk about a transitionary time in your,

0:21.2

ruin your life as a whole, honestly, your entire lifestyle, but primarily your business is what

0:26.4

I'm talking about today. And what I mean by this and the exact transition I'm talking about,

0:32.0

if you're out there and you're a real estate investor, which as most of you are, that's probably

0:37.9

what you're doing. You're some type of real estate investor here and some type of

0:41.7

form or facet at the industry, whether you're an agent, investor, the syndicator, flipper,

0:49.1

wholesale, or whatever the case is, you probably started out working in corporate America.

0:56.2

You probably had a full-time day job. You could have been doing anything. For me,

1:01.3

I am an aircraft technician actually still am by day, or you could work at a warehouse,

1:07.4

or you could work at a restaurant, or you can wait tables, or you can be an accountant,

1:12.9

or tax advisor, or CPA, and it doesn't matter what you are. You have some type of full-time gig

1:20.7

that's currently paying for your lifestyle and paying for your life, your living expenses.

1:25.9

And there's a, there comes a transitionary time frame where you're going to want to switch

1:32.8

from no longer working in this day job that you have, and instead transitioning full-time

1:40.9

into your business. So you can grow your business to the point that you actually want it to be.

1:47.1

No, no matter what that looks like for you, even if you don't necessarily want to grow

1:52.4

all that much, even if you want to take it super slow. It doesn't matter. The point is, is that you

1:57.2

finally are along the lines of the path of somewhere, a financial freedom, and you're wanting to

2:03.9

take that leap, that leap of faith into quitting your day job, going full-time in this business,

2:10.6

and making it all that you ever wanted it. And so what I really want to talk about today is

2:15.9

what that looks like for you, or what that could mean. Now for a lot of us out there,

...

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