Many of us dream of becoming freelancers, solopreneures, or agency founders. This often means quitting our jobs to start our own businesses. There is an art and science behind quitting a job. If you do it wrong you can burn your bridges and ruin your chances of success. If you do it right you can set yourself up for success. The key is quitting gracefully.
Quitting a job to start a business is not easy. Companies invest in you. They invest in your training and development. Leaving them can cause anxiety, frustration, and hard feelings. Theyβve given you opportunities that could have been given to someone else. They planned for you to stay. Quitting is a big change for the company and they will have to deal with that change.
Of course, youβre not the first person to leave and you wonβt be the last. Youβre moving on because itβs the best choice for you. The key isnβt to stay when you know you need to quit. The key is to quit your job gracefully and have a solid plan for the next step. Treat the process of quitting just like you would any other project. You must use tact and careful planning.
- 1 Have a solid plan for your business.
- 2 Tell your boss first.
- 3 Quit in person.
- 4 Give a minimum of 2 weeksβ notice.
- 5 Provide your notice in writing.
- 6 Donβt discuss negative reasons for leaving.
- 7 Donβt provide too much information.
- 8 Tell your co-workers.
- 9 Help them find a replacement or train your replacement.
- 10 Donβt leave work unfinished.
- 11 Quit with the idea that the company or your colleagues can become your client.
- 12 Finish strong.
- 13 Show your chain of command and mentors that you appreciate them.
- 14 Ask for a letter of recommendation.
- 15 Donβt discuss the companyβs problems with others.
- 16 Check on any salary you could receive.
- 17 Confirm that youβve returned any company property.
- 18 Send a Goodbye Email
- 19 Ending Thoughts
Have a solid plan for your business.
Before quitting your job to start your own business, make sure you have a solid plan for your business and plenty of money to live on while youβre building your business. It can easily take a year or more to turn a profit. If you donβt fully believe in your business then it will be difficult to quit your job with grace. Itβs also smart to have a backup plan.
Tell your boss first.
Never let your boss find out from someone else. Hearing the news through office gossip can make your boss feel disrespected and can weaken recommendations for future references.
Quit in person.
Itβs best to have a private meeting to resign in person. Donβt send the notice in an email, by a phone call, by leaving a note on your bossβs desk, in even in the HR office unless you have no other choice. This can make you seem ungrateful and look as if you have something to hide.
Schedule the meeting to discuss your future so your manager wonβt be taken by surprise and have a more positive reaction. If you canβt reach your boss, then go to the next level of management β your bossβs boss.
Give a minimum of 2 weeksβ notice.
Giving a 2 week notice is considered the standard practice. Anything less than 2 weeks is unprofessional and can burn the bridge. A 3-4 week notice is even better. If youβre in management itβs best to provide 4-6 weeksβ notice. At the very least, you should follow your companyβs policy.
This gives them more time to choose a better replacement without feeling rushed. If theyβre rushed and choose someone that isnβt ideal, they might have this in mind when asked for a reference.
Provide your notice in writing.
Once youβve given your notice, provide your manager and the HR department with a written notice so there are no questions of when your last day will be. This also shows that you chose to leave on your own. You can learn more about how to write a resignation letter here.
Donβt mention anything about where youβre going or why. Just stick to the facts: that youβre resigning, when your last day will be, and mention that you appreciate your time at the company.
Donβt discuss negative reasons for leaving.
Itβs okay to tell that you plan to start your own business, but donβt get into negative reasons why you want to leave the company. This will create even more negativity and could lead to discouraging references. Instead, discuss that you have an opportunity that you canβt pass up.
Donβt provide too much information.
Itβs okay to tell your plans to start a business, but donβt tell your financial projections, work stability, if you need to improve your skills, etc. You want them to think of your business as something positive for you and natural progression. Only share detailed information with those you are closest to or those you fully trust.
Tell your co-workers.
Once youβve told your management you should tell your co-workers. This can be done face-to-face or in an email. Itβs okay to tell your overall plan of starting a business, but just like with your management team, donβt go into too much detail. There will be naysayers and people will give you advice based on their own fears or even from jealousy. They will discourage you if you let them.
Help them find a replacement or train your replacement.
If itβs an option, itβs a good idea to help them find a replacement or train your replacement. At the very least, write a list of the most important points, processes, tips, and contacts. This shows your gratitude to the company, shows your colleagues that you care, and will leave a lasting impression.
Donβt leave work unfinished.
If you have ongoing projects that you canβt finish before leaving, make sure that the projects have been assigned and youβve handed them off to the right person.
Quit with the idea that the company or your colleagues can become your client.
Many companies have hired past employees as freelancers. Your colleagues can become your client by moving to another company or by starting their own company. You already have a good rapport with them, which removes some of the barriers in business.
Finish strong.
Continue to do amazing work up to the last minute. Donβt slack or leave work unfinished. Donβt put the workload on someone else. Youβll be seen as uncaring and selfish. You want them to remember you as dedicated, motivated, and a team player. Youβll be remembered for the last work you did and theyβll recommend you based on that memory.
Show your chain of command and mentors that you appreciate them.
Your management and mentors have had the most impact on your career. Even those you are not close with have invested time and effort into your career. They deserve a personal thank you. Itβs best to do this in person, but if thatβs not an option then a personal note is acceptable.
Ask for a letter of recommendation.
Ask your manager for a letter of recommendation. A LinkedIn recommendation also works. This is great to show clients and future potential employers.
Donβt discuss the companyβs problems with others.
Everyone in the company has had their own experiences- some good, some bad. If you talk against the company and blame others this can ruin any future reference or possible work. Focus on the good and positive aspects and avoid any discussing any negative experiences.
This is true for general conversations, conversations with management, and an exit interview. During the exit interview it is okay to provide honest feedback with constructive criticism, but be careful to keep it positive and constructive.
Check on any salary you could receive.
Every company is different, but itβs possible to receive payment for unused paid time off or other paid benefits. Also, check on 401k or similar payouts, rolling, etc.
Confirm that youβve returned any company property.
Be sure to return all company property including computers, electronic equipment, keys, books, documents, etc., and make sure that youβve informed your manager that youβve done this. This will help ensure that you donβt get a call asking you to return something that you donβt have. You donβt want to be the first person they think of when something canβt be found.
Send a Goodbye Email
Youβre leaving friends and colleagues you have drawn close to. Many of them are people who have helped you through good days and bad; who have worked with you, and who have trained you and been trained by you. Many of them have grown close to you too and they want to hear from you.
Telling them goodbye will show them that they meant something to you. Tell them a little about your plans and thank them for the good times youβve had. Focus on the good and avoid mentioning anything bad. Provide them with a way to contact you such as email, social media links, or a phone number.
Ending Thoughts
Quitting a job and starting your own business as a freelancer, solopreneure, or an agency founder requires courage. Itβs not easy to quit a stable job to start a business thatβs not so stable. Quitting a job where a company has invested in you and leaving your friends often brings a feeling of guilt. This is easier if you quit your job gracefully.
It isnβt easy to quit with grace, but if itβs handled delicately the process can go smoothly and you wonβt make enemies or hurt others in the process. Quitting gracefully is a sign of professionalism and itβs an indication of how you will run your business. Donβt forget planning- with special attention to financial planning to run your business.
Show your management and co-workers how youβve appreciated them and they will continue to appreciate you with great references. They may even become clients themselves.
We want to hear from you. Have you ever gracefully quit your job to start your own business? Let us know about your experience in the comments.
Featured Image via Nadia Snopek / shutterstock.com
Great article, my husband & I have been going back & forth about me leaving (100%) or reducing my schedule at the day job from full-time to part-time. Thanks for the advice & thoughtful insights on how/what to do and when.
Hi Randy, it’s a great article. I personally learned a lot from this. Thanks
Important aspect. Good to be mentioned here! Thank you Randy
I think that before leaving, then having an idea already structured, having a large part of the business that each one has, having the idea of ββdeveloped business, and generating income, and having clients, in order to be able to take the decision to resign with more argumnetos and without future stumbles
Great article, I would have liked to read it 11 years ago π When I quit my job to fulfill my dream, I left behind a large company that exported a lot of merchandise from Monterrey Mexico to Cincinnati Ohio, and here I am as the owner of a manufacturing company of uniforms and 4 years ago also developing and selling web pages with divi, congratulations again for your article
Thanks! That sounds interesting! I have a background in manufacturing and I’ve always liked the idea of owning a manufacturing company.
I love the trend nowadays to sign off with something a bit more personal on company WhatsApp groups.
Also a good chance to weave in the future client angle, with a reminder to connect personally or save your number.
Good idea! Thanks for sharing.