Let’s face it, the last thing you want to do now that you’ve decided to finally leave the 9 to 5 job is to add more stress to your life. Isn’t that why you decided to build your own yoga business in the first place? You’re looking for freedom from your awful boss, nasty coworkers, and the limitations of a fixed salary.
But if you’re trading all that in for a different kind of stress, what have you really gained? Before you kiss your cubicle goodbye, be sure you first build a solid foundation—and we don’t just mean business-wise.
Build a Financial Safety Net
Nothing stresses us out quite like worrying about money. Whether you’re concerned about those university tuition bills you’ll be facing in a few years, or worse, not sure how you’re going to make the mortgage, it’s easy to lose your business mojo. As a new yoga teacher, you certainly don’t want money trouble casting a shadow over your dreams of running your own yoga business.
Before you turn in your resignation, set aside some cash in case of a rainy day. Aim for at least three months of living expenses, but more is definitely better. Hopefully you won’t need it, but having some cash on hand will definitely relieve the pressure of having a new yoga business that’s not earning its keep—yet.
Make Sure Your Family is on Board
Money troubles are bad, but there may be one thing that’s worse: an unsupportive (or downright hostile) spouse. And as any entrepreneur will tell you, not everyone understands the drive to be a yoga business owner. In fact, most people find it pretty scary to step away from that regular paycheck to chase after a dream like teaching yoga.
If that sounds like your husband (or wife) don’t take it personally. They’re not making a statement about your ability. More than likely, they’re just worried about what the future holds. Do your best to understand where they’re coming from, and be sure to clearly explain your ideas, why you are confident it will work, and how you plan to cover the start up expenses and manage the risk. Joining an established yoga collective like YogaBellies, also gives you a headstart with an established brand, immediate credibility and lower start up expenses.
If he or she is still not on board, consider starting slow, perhaps teaching yoga part-time while still working your day job. That will give you the opportunity to prove your yoga business idea is workable, and might just help your spouse get as excited about it as you are.
Take Time for YOU
No matter what’s going on with your money, your spouse or your yoga business, you need to be sure to schedule some “you” time. No one can work all the time, regardless of how driven you are. And no one can stay healthy while maintaining a nonstop schedule. That defeats the purpose of being a yoga teacher! Go for a walk, hit the gym, get a pedicure, or just binge on your favorite brainless Netflix show. The point is simply to take time away from your desk to rest and rejuvenate. Without it, you’ll soon find yourself overwhelmed and stressed, even if you truly love your new yoga business.
Want to know more? Register here for my free upcoming webinar Are you ready to teach yoga full time? 5 Things To consider before leaving your 9 to 5. Join me on Sunday the 20th of March at 8am UK time and 4pm SGT.
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I’m an inclusive, not scary, totally normal yet heavily qualified yoga instructor and founder of YogaBellies® and the Birth ROCKS Method. I’m trained in self hypnosis and meditation and what I love is helping women (ALL women) enjoy yoga without having to whisper all the time and wear fancy activewear that cost a month’s rent.
I believe Yoga is for everyone.