KEN FIRED THE MAN! Goal setting, planning, and execution of Ken's Freedom Plan
Firing The Man · with Ken Wilson · July 21, 2020 · 34 min
Summary
This episode details Ken Wilson's journey to leave his day job and become a full-time ecommerce entrepreneur. It covers his strategic planning, financial preparation, and mindset shifts necessary to achieve his
Key takeaways
"Before leaving a steady job, ensure you have multiple, diverse revenue streams that collectively generate 2-3 times your current salary to allow for reinvestment and personal income."
Aggressively cut unnecessary personal expenses and pay down debt to reduce your financial burden and increase your runway for entrepreneurship.
Surround yourself with positive influences, mentors, and coaches who have achieved what you aspire to, and actively limit exposure to negative or fear-inducing individuals.
Set a concrete timeline and clear, actionable goals for your transition to full-time entrepreneurship; focusing intensely on this goal can accelerate its achievement.
Develop a comprehensive plan covering all potential concerns, including health insurance and financial stability, before making the leap to self-employment.
Episode 30 Today’s episode is a HUGE milestone for Firing The Man Podcast. After two and half years of building an E-commerce business Ken quits his 100K per year Engineering job. Ken shares exactly what it took to build his business and some simple strategies he used along the way when times got tough. Ken also shares what raw emotions he was feeling that day he walked out of the office for the last time. This is an episode that you do NOT want to miss! ------...
What does this episode say about founder & leadership?
"Before leaving a steady job, ensure you have multiple, diverse revenue streams that collectively generate 2-3 times your current salary to allow for reinvestment and personal income."
What does this episode say about finance & fundraising?
Aggressively cut unnecessary personal expenses and pay down debt to reduce your financial burden and increase your runway for entrepreneurship.
What does this episode say about founder & leadership?
Surround yourself with positive influences, mentors, and coaches who have achieved what you aspire to, and actively limit exposure to negative or fear-inducing individuals.
What does this episode say about founder & leadership?
Set a concrete timeline and clear, actionable goals for your transition to full-time entrepreneurship; focusing intensely on this goal can accelerate its achievement.
What does this episode say about founder & leadership?
Develop a comprehensive plan covering all potential concerns, including health insurance and financial stability, before making the leap to self-employment.
