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Dave Ramsey once said, “If you won the lottery and the first thing you would do is quit your job, then you need to quit your job.” This is something I truly believe because life is too short to waste your time on something you don’t love or are not passionate about.

With that said, it is also important to make sure you are fulfilling what your heart truly desires. We all have talents and skills that would make a good business, and with an unpredictable job market it is important to have multiple streams of income.

Whether this is your aim or your desire is to become your own boss, the following five steps will help you with the process of starting a business while working full-time.

Step 1: Lower your cost of living.

One of the main reasons businesses fail is because they don’t have the capital needed to push the business forward. Because it is tough to get a business loan at the early stages of a venture, many people have to rely on personal finances, friends, and family. Lowering your cost of living will give you a well-needed cushion to infuse into the business, if needed. This means that you should focus on the things that you need rather than spending so much on your wants.

It is also wise to keep your money in a completely fee-free bank account, so when monetary highs and lows occur during the process of starting your own business (and trust me, they will occur), it doesn’t result in being charged bank fees while you’re trying to be smart with your money.

Step 2: Use your time wisely.

It is an absolute fact that you have the same 24 hours in a day as Beyoncé, Bill Gates, Warren Buffet, Oprah, and Lady Gaga. It is how you use those 24 hours that will determine if you are successful in your venture or not. Before you launch your business, make sure that that you put aside at least two to three hours a day to focus on your business. I know we all have busy lives but no matter how crazy you may think your life is, with proper time management you can find a few hours to contribute towards your goal.

Step 3: Set goals.

Speaking of goals, once you’ve flushed out your ideas and have come up with a strategy to execute them, make sure you set goals for yourself and your business so you’re held accountable. Make sure your goals are S.M.A.R.T., which stands for Specific, Measurable, Achievable, Realistic, and Time-bound. They should also be broken up into short- and long-term.

Step 4: Learn more about your business.

Having too much knowledge is not possible, especially as you launch your new venture. Make sure you are not wasting time and money by thinking you know it all. You must learn as much about your business as possible. Have you heard of a SWOT analysis? Any new business needs one. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. Knowing each component about your own business will give you the information needed to decide whether your business is a viable option.

Step 5: Launch and spread the word.

Once you determine you have a great business idea, it’s time to launch and start spreading the word. When launching your business, it’s imperative you tell your friends, family, co-workers, church congregation, classmates, strangers and anyone else you run into!

Now that you’re officially a business owner, remember one thing: Not all days are going to be the same. Some days, business is going to be great and others not so much. The important thing is to work your plan and stay committed to your goals. The great thing about launching your business while working full-time is that it removes the financial stress of relying solely on your business revenue to survive.

And, congratulations! You have now taken an important step toward financial freedom!

What are some other steps that you can take? Leave a comment below to let me know your thoughts.

5 Steps to Starting a Business While Working Full-Time was originally published on TheEverygirl.com.

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Dropping Digm (How-to)

Saving 101

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Photo credit iStock by Getty Images

In the age of instant gratification, it’s hard to think of saving as something fun. But if you start with the end goal in mind, saving is merely the method to get you what you want. Maybe it’s not right away, but there’s a certain pride you exude when you earn something that you worked hard to achieve. You may think that you don’t have enough money to save when you can barely pay your bills, but where there’s a will there’s a way. Here are some simple savings tips to help you find your way to a brighter tomorrow. (more…)

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Dropping Digm (How-to)

Book a Last Minute Labor Day Getaway Without Breaking the Bank

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Photo credit iStock by Getty Images

It’s almost Labor Day – the last official holiday weekend of the summer. A time to celebrate all that hard work you do every week by not working for a day. Your last chance to take a long weekend before the kids are back to school and the fall begins. If you’re looking for some ways to getaway this Labor Day but didn’t plan in advance, don’t stress, we’ve got your back. Here’s our simple tips for how to book a last minute Labor Day getaway that won’t break the bank.

1. Go Local

Local breweries, local restaurants, local parks and beaches are all great places to relax and unwind to bring back your peace of mind. Some call this a “staycation” while others simply call it exploring their own backyard. jump-smYou may be surprised at what you can find to do near you! Another way to get away while staying local is by asking if any of your friends or family members if they are going away so you can house sit…a win win for all!

2. Open Your Mind – Not Your Wallet

There’s a wide range of websites and apps that help you book a last minute trip on a discount, but this will usually only work if you’re not picky. Looking outside of the beach box for a spot that isn’t so popular can also help you cut down on the cost too.

For example, going to a family-friendly location can help you strike a great deal because many families are busy with back to school. KAYAK listed Walt Disney World and Universal in Orlando as their number one pick of least expensive Labor Day destinations, with hotels in Orlando at their lowest rate of $115/night.

3. Use Technology To Your Advantage

If you look on daily deal sites like Groupon or Living Social, they often have deals for businesses that are off-season which can help you save even more. Many of these offers have date restrictions, so if you’re booking last minute, you’ll probably be okay, but check the fine print. One website, Stayful.com, allows you to negotiate with independent boutique hotels in an effort to find you a great deal and experience. One of my personal favorite apps is Hotels Tonight, which helps you find last minute hotel deals easily.

If you’d like to use my personal promo code [DMELESKO] to get $25 off your first booking, be my guest! (Yes, pun intended. If you use my personal code, I’ll also get $25 in credits to use.) Another option is to check out the social media pages for airlines and travel blogs, as many times they will run contests and offers thru these channels.

4. Change Your Departure Date to Save

If you move your departure date, you may be able to save even more by flying and staying during the week vs. the weekend. Farecompare.com says that the cheapest days to fly are usually on Tuesday, Wednesday and Saturday, while the more expensive days to fly are on Friday and Sunday.

5. Be Flexible when You Fly

Another way to save on travel expenses is to be flexible with the time of day that you want to fly, and also where you’d like to fly out of. You can save money by taking a red eye or early morning flight because the airlines don’t have as much demand for those time slots, making the prices drop.

You can also strike a deal by leaving from a different airport than the one closest to you. You’ll have to account for driving further and parking, so make sure to evaluate those when you are comparing.

Lastly, taking a flight that has a transfer can also bring the cost down vs. going non-stop. Just make sure that you have enough time in between to give you a cushion in case there are flight delays so you don’t end up missing your next flight and losing out on a day of your vacation if the next one isn’t until tomorrow.

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Dropping Digm (How-to)

Fitness for Less: Get in Shape Without Bustin’ Your Budget

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Did you know that being overweight can actually cost you money? Let us explain…The President’s Council on Fitness, Sports and Nutrition reports that the annual cost for being an overweight woman is $524 and the cost for men is $432. And if you fall into the obese category, you’re looking at a cost of $2,646 as a man and $4,879 as a woman. They also report that less than 5% of adults get the recommended 30 minutes of physical activity every day.

When it comes to sticking to our daily fitness routine, we’re definitely not perfect either (trust us!). So we totally get that it’s not always that easy to stay motivated and absolutely know that many times the cost of cardio workouts, exercise equipment, or a personal trainer can be too high for many people’s budgets. That said, we came up with some ways to enjoy fitness for less and have a little fun while we’re at!

7 Ways to Enjoy Fitness on a Budget

1. Add some adventure

Spice up your fitness routine by skipping the treadmill. Sign up to do a glow run, color race or adventure race instead! This is one of the latest fitness trends popping up all over the country.  But, how do you save money? Well, there are  a few ways, including putting together a team so you can get the team discount, using your military or student ID, or doing a quick online search to find a promo code. Not to mention, many of these runs are featured on budget-friendly apps like Groupon or Living Social and often post discounts on social media when registration goes live.

2. Go bowling, or hiking, or biking…you get the drift.

Raise your hand if you love getting in a workout without feeling like you’re working out? When you join a team, league or group, you can get fit, make friends, and have fun simultaneously. There are seriously so many opportunities around the country that you can find online; you have to be willing to look. To get you started, here are two of our faves: meetup.com and eteamz.com All you have to do is type in your zip code to find active groups in your community.

3. Workplace fitness

Another new fitness trend that you can take advantage of is participating in or starting, a workplace fitness challenge at your office. A lot of employers are hosting fitness challenges, and some will even pay you to get fit—either in dollars or healthcare credits. If your employer isn’t offering a fitness challenge, be a fitness for less leader at your office and suggest starting a weekly or monthly challenge to improve overall employee well-being and/or get a group together to start an after-hours fitness sesh. And if you enjoy having an added mission for motivation purposes, consider finding a worthy cause or charity to give back while you get fit.

4. Find a free fitness program or class

Many communities are now offering free fitness classes. All you have to do is check your local listings to see what’s available in your area. For all of our New Yorkers out there, check out Shape Up NYC to find free fitness classes each week. And if you don’t live in NY, you’ll most likely be able to find a free class at your local YMCA or YWCA or on your local Parks & Recreation department’s calendar of events (simply Google “your town/city name + recreation” to find those calendars).

5. Free trials, friend passes and more

Gyms and fitness centers are in the business of finding new members every day. So why not use that to your advantage by taking them up on their free trial week or by tagging along with your friend to use their free buddy pass? If you’re not into the gym and are more of a yoga type – opt to purchase a class pack instead of paying the extra to drop in on a random class. It will force you to go more often and save you money in the long run.

Fitness on a Budget Analysis: If you already forked over the cash for a gym membership and aren’t sure if it’s worth the cost, do this quick analysis to figure out your actual cost per session, and compare that to the cost of doing a class instead.

Monthly fee + (initiation fee ÷ 12) ÷ (number of visits per month) = the true cost of each gym visit

6. Free workout videos and fitness plans

Instead of hiring a personal trainer, find a fitness routine that you can do from the comfort of your own home. There’s ton of options available, including online videos, apps, and websites that offer free workout plans and routines. Here are some of the top YouTube fitness channels to give you a taste:

And if your favorite fitness craze isn’t listed, you can look to buy or borrow workout videos from your local store, online shop or library. Or do a search via your cable provider and DVR your favorite fitness show so you can watch it on demand when you’re ready to sweat.

7. Start a fitness fund

Even with all of the free to low cost fitness opportunities out there, you may find that the fitness that works best for you, the fitness you wish you could be doing instead or an item that you’d love to add to your arsenal of fitness items (that could save you money in the long run), is just a bit out of your budget right now. Don’t fret fitness on a budget friend—we have a solution for everyone who falls in this category, too. We encourage you to start a fitness fund and begin saving for items on your fitness wish list.

The Fitness for Less Takeaway

Getting fit doesn’t have to cost a fortune. Skip the expensive exercise equipment and personal trainers and find a way to get moving without going broke. You don’t need fancy workout plans to get in shape. Try out a few different classes, teams or videos to see what you like and then stick with it to get results. Fitness on a budget really isn’t so bad when you know where to start.

Do you have any other fitness for less tips or fun workout routines that you can share? Post them in the comments below!

 

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