Barbara Turley’s 4 Steps on Successful Corporate Exit Strategy

Barbara Turley’s Successful Corporate Exit Strategy is a testament to change and passion. As the Founder & CEO of The Virtual Hub, she exemplifies this journey. Corporate life can be fast and exciting. However, it can also be draining. Barbara’s story is about her transition from corporate life to entrepreneurship.

After years in the corporate world, you may start to question your career. You might wonder if your personal life is still aligned. At this point, considering Barbara Turley’s steps could be pivotal. Thoughts of leaving the corporate world might cross your mind. Achieving more autonomy could be the result. This could be the start of your entrepreneurial journey. But only if you have the strength to leave the corporate world!

Learn how Barbara Turley quit corporate life. Her 4 steps can guide you to success outside the corporate world.

Here are Barbara Turley’s 4 Steps on Successful Corporate Exit Strategy

Strategically PLAN Your Leap into Entrepreneurship and Then Courageously TAKE That Leap!

Thinking about quitting your job to start a business for the first time can cause fear to surge. This apprehension of failure can grip you. Many of us have had successful corporate careers. However, potential reputation damage and the fear of failure can halt even the most enthusiastic entrepreneur. The last thing you want is to fail after leaving a secure corporate job!

A significant part of the mental struggle revolves around timing – ‘when is the right time?’ Interestingly, there are two main schools of thought on this. One approach is to maintain your corporate job while slowly transitioning to your own business. Alternatively, you could leap and just do it! If there’s no turning back, you’ll have to fly, hopefully.

While one path may seem riskier than the other, that’s not necessarily the case. Therefore, deciding and committing to your plan is crucial.

Lastly, the following key steps will assist you in determining which route suits you best.

Embrace a Lifestyle Reduction and Overcome the Initial Challenges

Leaping into entrepreneurship may work in your favor, but it can also lead to failure, especially as most people get it wrong. The initial step everyone needs to take is to be extremely ruthless with expenses. In the corporate world, we often get accustomed to a lavish lifestyle, including large mortgages. Therefore, it’s crucial to work hard to pay back these expenses for a long time before leaving your corporate job. By doing this, you get used to living without luxuries for a while as you get your business off the ground. Consequently, this approach can lead to greater success.

Reaching your goal will likely take four times the time and twice the money you expect. Indeed, it’s a challenging journey, but it requires that level of commitment. You have to be willing to endure some pain. Ultimately, that’s the harsh reality!

Lastly, don’t miss the Build Live Give Podcast with Paul Higgins. In this episode, Barbara Turley shares her experiences of leaving a highly successful, yet stressful corporate career to start her own business.

Surround Yourself with People Who Have DONE What You Want to Do

Overcoming the fears and challenges of the entrepreneurial journey can be an emotional and mental rollercoaster. You might need to adjust your circle of friends slightly. Your family and friends who aren’t on the same path may struggle to understand your journey. Even with the best intentions, they might inadvertently plant seeds of doubt in your mind, which can undermine your self-belief.

Surrounding yourself with others who have walked the path you’re now on might not be the best approach for everyone. However, if you feel the need, consider it. Your success might ultimately depend on this decision.

Finally, it’s not beneficial to keep everything to yourself. You might reassure your friends and family that everything is fine to prevent them from worrying. Yet, deep down, this might not be the case. Therefore, it’s helpful to share your experiences with people on a similar journey.

Find a Problem Your Ideal Client Will Fall Over Themselves to Pay Money to Solve… Today!

Identifying Profitable Problems

If you aspire to make a lot of money and establish a successful business, you need to find a service that people will eagerly pay for. The key is to identify a problem that people are willing to spend money to solve today. Indeed, this aspect is crucial! While everyone advises you to find a problem and solve it for business success, the truth is often different. Some people might share their problems, but unless they are motivated to solve them today and willing to pay for the solution, they might end up wasting resources.

This is where your business idea originates. Starting your business with this premise, you’ll soon discover many other problems that your ideal client will pay you to solve.

Evolving Your Business

Therefore, it’s essential to continually pivot and evolve your business. Initially, this process can present quite a few challenges. Just when you believe you’ve made headway and your clients are satisfied with your service due to the resolution of the first problem, a new issue emerges.

Consequently, you then have to restructure your entire business to address this new problem. At this point, you need to ask yourself, how can we eliminate this challenge from our process? How can we modify our process so that this challenge no longer exists?

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