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Things to Know Before You Resign

When will you be ready to hit the open road as a freelancer?If you've been thinking about quitting your job to start a freelance business, there are some key things to consider first. Read the following list to determine whether you are, indeed, ready to resign from your position. 

 
What Are Your Reasons for Leaving Your Current Post?
 
Are you leaving your position because of unresolved differences with your employer or fellow employees?  Would you stay if the situation were to be resolved? Are you leaving because you want higher pay?  Both these reasons should be critically examined.  If you are leaving due to conflicts, attempt all avenues of resolving these conflicts before resigning. Communicate openly with those whom you need to resolve conflicts with.  If the conflicts are, in fact, irresolvable, then leaving may be your only option.  Keep in mind when it comes to pay, that this will only apply if you are taking a higher paying job.  Be sure to have something lined up - if not, you could wind up working for the same company, for less, out of desperation.
 
Are Your Finances in Order?
 
It's been mentioned in other articles here on Strategy Expert, but you really need to take finances in mind before you resign from your post - especially if you are resigning to take on freelance work.  Be absolutely sure you have saved up enough living expenses to get you by in the event you have 6 months to a year without steady income. You should also time your resignation. Try not to resign until you have two-three clients lined up for freelance work.  Do not resign when there is an overload of work in your consultancy. 
 
If You Want to Find Other Employment with a Firm
 
You should keep in mind that a stable job record counts in your favor when looking for work.  It is much easier to find a new position if you have been at a job for three years (regardless of what you think of that job) than it is to get a job if you've been out of work for six months.  Quitting too many jobs can be a red flag for potential employers - it signifies that you may also become unsatisfied with your new position.
 
Are There Opportunities to Grow? 
 
If you are looking for advancement or for freelancing positions, you may want to take advantage of all advantages the consultancy offers you to grow before leaving your post.  Does your company reimburse you for certifications? If so, take advantage of these things before leaving dodge.
 
Does Your Company Help with Placement? 
 
If you are looking to move to industry after working with a consultancy, many companies such as Bain will help to place you.  Before you resign, especially if you are on good terms with your current employers and you are just looking for a change of pace, talk about your wishes and career goals.  You may find that you gain a few clients or a new position through your current position.
 
When Resigning Give Your Notice, Well in Advance, in Writing
 
You will want your employer to be able to give you a glowing recommendation - whether you are moving on to freelance work, starting your own consultancy, industry, or just to another firm. Never burn bridges.  Always make sure you give your employer at least two weeks' notice (preferably thirty days notice) to find you a replacement. Make sure you type your resignation with reasons for leaving and your final work date.  Most importantly, thank those for whom you work for all the experiences you had working for the company and wish him and the company well. 

 
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