👉 Ready to start your own online store? Start here: https://dropshipunlocked.com/online-event?el=blog-49-why-i-quit-my-job
Get your copy of Lewis’ new book - The Home-Turf Advantage ➡️ https://www.htabook.com/?el=blog-49-why-i-quit-my-job
🗣 We’re exploring how Lewis made the courageous leap from a 9-5 job to entrepreneurial success. We’ll dive into Lewis's personal journey of leaving the corporate world and uncovering the path to business ownership.
Discover the challenges faced, lessons learned, and the incredible freedom and growth that await those who dare to pursue their dreams.
👉 Do you know someone who would love this? Share this video ➡️ https://youtu.be/2IfIBzBQR0w?si=IzHXk3sd13REBgO1
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Links and Resources Mentioned:
For Aspiring Business Owners or Side Hustle Seekers Based In the UK…
New Book Reveals How To Launch A Low-Maintenance High-Profit E-Commerce Business Using The UK "Home-Turf Advantage”…
While also enjoying more time with your family, being free to travel, and setting the hours you work.
Click here to get your copy >>> https://www.htabook.com/?el=blog-49-why-i-quit-my-job
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Links and Resources Mentioned:
Get Shopify for £1 a month for 3 months: https://www.dropshipunlocked.com/shopify
Get a free trial with a professional phone line: https://www.dropshipunlocked.com/circle
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Key Takeaways:
★ Transition Strategy: Learn about the practical steps Lewis took to transition from his job to entrepreneurship, including balancing both roles until he was ready to fully commit to his business.
★ Following a Proven Process: The importance of following a structured business plan and avoiding the temptation to deviate from it, as it prevents overwhelm and confusion.
★ Gains vs. Losses: Reflecting on the journey, Lewis discusses the immense gains he achieved compared to what he left behind in the 9-5 world, including personal freedom, growth, financial stability, and the ability to enjoy life to the fullest.
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Learn More:
➡️ When people are ready to create time and financial freedom for themselves, they visit - https://www.dropshipunlocked.com/free?el=blog-49-why-i-quit-my-job
➡️ Subscribe to The Dropship Unlocked Podcast to stay up-to-date on the latest episodes, and leave a like to help others discover the show.
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Topics Discussed:
In "Why I Quit My Job (To Start A Business) | Dropship Unlocked Podcast Episode 49," Lewis Smith and James Eardley share their personal experiences and inspirations for leaving their corporate jobs to pursue entrepreneurship through dropshipping. Smith was inspired by encounters with individuals who embodied freedom and autonomy in their work lives. He became captivated by the dropshipping business model after reading Tim Ferriss's "The Four Hour Workweek." Both speakers express the allure of financial freedom, location independence, and the desire to overcome the monotony and uncertainty of corporate careers. James Eardley shares his story of starting a dropshipping business with his wife after a chance encounter in Thailand, emphasising the importance of overcoming fear and taking the leap when ready. They provide insights on the importance of finding reputable suppliers, scaling a business, and growing professionally. Additionally, they encourage listeners to subscribe to their channel for more strategies and success stories.
00:00:00 In this section, Lewis Smith shares his reasons for quitting his traditional job to start a business. Having worked in the same company for nearly a decade, he felt like he was stuck in a traffic jam, watching other paths moving ahead. Although the job was not unbearable, the fear of resigning himself to a complacent life led him to consider other options. Inspired by observing colleagues losing their ambition, he began to question the long-term viability of his career path. The conventional wisdom would have been to work his way up the corporate ladder, earning promotions and meeting targets to eventually reach senior leadership roles. However, as he got closer to these positions, he realized they might not provide the true happiness and autonomy he sought. Encountering leaders and observing their personal lives, he asked himself if they were genuinely content with their careers and lives. Despite the financial reward, he yearned for more autonomy and flexibility in his life. After much contemplation, Lewis chose to take a leap of faith and start his own business, embracing the uncertainty and potential rewards that come with entrepreneurship.
00:05:00 In this section, Lewis Smith and James Eardley discuss the motivation behind quitting their jobs to start their own businesses. Smith expresses the frustration of bringing innovative ideas to his corporate role, only to be met with red tape and bureaucracy. He recalls feeling unfulfilled and contemplating the monotony of his daily routine, questioning if this was all there was to his career. Smith also mentions the comfort and complacency he saw in his colleagues, viewing their jobs as a false sense of security. Both speakers express the fear of change but acknowledge the terrifying possibility of climbing the wrong corporate ladder and realizing it only when reaching the top.
00:10:00 In this section, Lewis Smith shares how he was inspired to quit his traditional nine-to-five job and start a business. The catalyst for his decision came during a chance encounter at a hotel in London, where he saw a group of individuals dressed casually and working in a relaxed environment while enjoying their coffees. He felt that they embodied the freedom and enjoyment he desired in his work life. This event sparked his curiosity, and later that day, he downloaded Tim Ferriss's book, "The Four Hour Workweek," which described the concept of creating a "dropship business." As he became engrossed in the book, his entrepreneurial passion began to stir, leading him to consider starting his own business. Overall, Lewis's experience highlights how encountering alternatives to the conventional corporate path can open one's eyes to new possibilities and opportunities.
00:15:00 In this section, a speaker shares his experience with discovering the concept of living an incredible lifestyle through entrepreneurship, specifically through drop shipping. He explains how the idea of financial freedom and location independence resonated with him, as he was passionate about traveling and wanted to avoid being tied down to a traditional corporate career. The speaker went on to research and learn about the digital nomad community, which he found to be the perfect fit for his desires. Drop shipping, with its potential for uncapped earning and ability to run a business from anywhere in the world, stood out to him as the ideal business model. The fear of missing out on this opportunity and potential regret weighed heavily on him, leading him to quit his job and pursue this new path. The speaker is now living and running a successful dropshipping business while traveling and experiencing new cultures.
00:20:00 In this section, Lewis Smith explains his attraction to dropshipping as a business model. He was drawn to its scalability, low capital requirements, and the ability to work digitally from anywhere. Smith cited Tim Ferriss' book "Four Hour Workweek" as an influence, as Ferriss advocated for dropshipping due to its benefits. With the rise of digital consumption and the decline of brick-and-mortar retailers, Smith saw dropshipping as a promising business model. However, he initially had reservations due to the clickbait and exaggerated promises from some sources. He overcame his fears and doubts by seeking out more reliable resources, such as podcasts like E commerce Fuel and The Tropical MBA, which provided actionable strategies and tactics. Lewis Smith believed these resources would have been invaluable if he had known about them earlier, which motivated him and James Eardley to create the Dropship Unlocked Podcast to help others navigate the dropshipping world.
00:25:00 In this section, entrepreneur Lewis Smith shares his motivating story of leaving his job to start a business. He began logging supplementary income through dropshipping during evenings and weekends while planning his wedding with his then-fiancée Becky. A surprise suggestion from Becky led the couple to move to Chiang Mai, Thailand, often known as the hub for digital nomads, and start their new entrepreneurial journey together. Though Becky was initially hesitant, Lewis Smith recognised the opportunity as a catalyst to overcome his fear of uncertainty and finally start his business. He emphasises the importance of conquering fear and uncertainty, encouraging listeners to take small steps and build confidence towards making the leap when they're ready. Lewis Smith explains that his transformation from employment to entrepreneurship was a significant transition filled with learning and dedication. He worked part-time on his business while maintaining his day job, maintaining a rigorous routine to manage both roles. Eventually, his business income stabilised before he fully committed to his new venture.
00:30:00 In this section, James Eardley shares his experience of starting a business and the importance of following a proven process. He discusses how he was under immense pressure to make his business successful as he was planning to quit his job and become a digital nomad. James Eardley emphasises that having a proven process was crucial for him and highlights how following someone else's successful business model can help avoid numerous mistakes and make the process more seamless. He emphasises the importance of structure and learning from others to ensure the business's success.
00:35:00 In this section, Lewis Smith shares his reasons for leaving his nine-to-five job to start his own business. Smith explains that the freedom, unlimited personal growth potential, financial security, and professional growth he has experienced are worth the initial fears and uncertainties. He also emphasizses the importance of becoming proficient in various aspects of running a business when it's your own, from serving as the CEO to learning how to manage cash flow. Moreover, Smith shares that the ability to be present for his family and children outweighs the false security of a nine-to-five job. For those considering starting their own business, Smith recommends starting where you are and taking action, even if the perfect time never comes. He also suggests checking out his book, "The Home Turf Advantage," for practical steps and insights.
00:40:00 In this section, hosts James Eardley and Lewis Smith answer a listener's question about identifying and approaching the first five suppliers for a dropshipping business. Daniel, the listener, is looking to start a business after being made redundant and has been researching high-ticket dropshipping. He asks how to identify and approach potential suppliers. Lewis Smith answers that working with reputable suppliers in the same country as your customers is crucial, ensuring easy and fast delivery. He recommends finding these suppliers through competitor analysis and making notes of brands they carry, allowing for direct contact. Regarding contracts, suppliers will typically send their own retailer agreements for approval. Overall, Daniel's question and the ensuing discussion provide valuable insights for those starting a dropshipping business, emphasising the importance of securing reputable and compatible suppliers.
00:45:00 In this section, the hosts, James Eardley and Lewis Smith, remind listeners to subscribe to their channel for more strategies and success stories, and ask for five-star reviews. They also thank listeners for tuning in and promise to bring more insights in the next episode. These comments were included at the end of the podcast and were made to engage with and encourage their audience.
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