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How to Quit Your Job and Escape the Cubicle

Create an exit strategy

An exit strategy is a plan to leave your job gracefully and professionally. This is a multi-step process. Mine will take six months to complete. It shows respect for your boss, colleagues and affiliates. No one expects you to work yourself to death. However, they expect you to leave professionally if and when you make that decision.

You need to stay on good terms. It’s a very small world, and a former boss can end up self-employed (or worse, unemployed) and become a very valuable client, partner or resource. I’m constantly amazed at how people change when they leave a job that doesn’t satisfy them. I know a woman who became extremely happy after leaving the office of a hostile architect. I would never have suspected that she could have been happy if I hadn’t taken her away from this unsatisfying job and into my new business.

When you officially tell your employer that you are leaving, you become an instant celebrity. Colleagues will ask where you are going, why you decided to make the change and who will take your place. Colleagues will also be watching you carefully. They will make sure you show up on time and work the full eight hours. They will make sure that you are actually working. They will watch as you leave. Colleagues will look at you differently, throwing glances ranging from: “Love is finally leaving” to “I wish I had the courage to do that.”

You also need a written resignation letter. It should be professional as you don’t know who else will read it besides your boss. After letting your boss know, you can write something vague and appreciative, like, “As we’ve discussed, I’m ending my job here on June 30th. I want to thank you for getting me involved, teaching me valuable skills and providing a friendly atmosphere. Thank you.”

This resignation letter may be the most important document you create at work. It’s also a great opportunity to thank the employer for a great job, even though it might be the other way around. However, a resignation letter is not a way to show your dissatisfaction. If you have problems with colleagues or something at work, write them down in a notebook and then burn them.

Your boss or her boss may call you into the office, close the door, and say, “What can we do to keep you here?” This will be a counteroffer and I encourage you to reject any counteroffers as invalid. You’re not leaving for more money – you’re leaving for something better.

While I was living in the office, a colleague named Kevin, whom I respected greatly, quit and gave our employer two weeks’ notice. Two weeks have passed. The following Monday, our boss called a meeting and brought Kevin. Our boss started the meeting with, “I’m sure you heard that Kevin resigned. Okay, let’s start the meeting.”

My impression of Kevin never recovered after that. What did the firm do to keep him on board? Did they offer more money, more vacations, a signing bonus? Nobody knew. One thing was certain: Kevin’s loyalty was suspect. Everyone knew that if the firm ever wanted to fire Kevin and replace him with someone cheaper, they could justify it by citing his disloyalty. Don’t put yourself in Kevin’s position. When you announce that you are leaving the company, you are really leaving and not accepting any offers to stay.

Your last two weeks of employment are not the time for anything random or unpleasant. This includes going to a bar with coworkers and discussing how everyone hates their jobs. News of people quitting or quitting travels fast. You need to leave on a positive note and give your colleagues a final professional impression of you.

Create an exit strategy timeline

I suggest you create a six-month exit strategy chart. This will give you time to decide what you want to do, prepare for the transition, and be ready to go when you wake up one day and find yourself self-employed. I created an example chart starting on January 1st and ending on June 30th. When Independence Day rolls around, you can celebrate the Independence Day of your career.

You can have a party. You can cut the ribbon at your workplace. You can eat cake and act like your new baby is coming home that day. Invite friends, neighbors and professional contacts. Start your new career with a bang.

You can follow this scale.

January: Review your relationship with your employer

View your personal file. Check the vacation and sick time you have accrued and how fast you are accruing it. Search your file for any derogatory elements. Find the author and ask for either an explanation or a denial. Write a note challenging everything the author said. For example, suppose someone complained that they saw you drinking alcohol on company property. Write a memo disputing her claims, saying that either you’ve never consumed alcohol on company property, or it was at a social event (holiday, new client celebration, etc.) and your boss gave permission. Be sincere. You may need your employer as a reference. Make sure your profile portrays you in a positive light. Everything derogatory must be outweighed by something favorable.

Look for any non-compete agreements. They may be in a personal file or somewhere else in the boss’s office or HR department. Someone will probably ask: “Why do you need to know?” Say that someday you might start a business.

Get insurance information. Find out how much you and your employer (together) pay for your insurance. Make sure this amount includes what you (combined) pay for your family.

Get your own self-employment books. If you borrowed them from a friend, thank that friend for letting you borrow them. You should have your own copies so you can make notes in the margins and pages. You will have access to your books 24 hours a day. Most are available in paperback at a modest price. Make a small investment here and get your own copies.

February: Sharpen the saw

Write your specific mission statement.

Decide where you want to do business. Yes, this includes checking the cellular service, internet coverage and tax structure in the location where you want to set up shop.

Conduct a SWOT analysis. SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. You can google “SWOT analysis” and find some valuable information for free.

Create your elevator pitch and remember that you’re currently working, but you’re about to change careers. You can start yours with, “I’m researching setting up my own business that will…” Remember, you’re still in the office. You should be honest about sharing this information every time you share an elevator pitch or explain why you bought these books. Be accurate and honest.

Become cheap. Start saving money for your business. Cancel any vacations or major personal purchases. You can put that money to better use. Thrift is a habit. You need 21 days to adopt a habit. Make personal care a priority.

Make gift requests count. My family posts Christmas lists, so I asked for a Sprint gift card. I got one and used it to buy a new phone that I use for my business.

Create an entity. This includes registering your Internet domain name(s) and legal business name. Create an email address at one of your domains.

march: Build your social media presence

Create Facebook, LinkedIn and Twitter accounts. If you’re too busy or uncomfortable, hire a professional to do it for you.

Get a professional shot in electronic format. Upload this to your profile on Facebook, LinkedIn, Twitter, and any other sites you choose.

Create a blog. Make connections between the blog and the services I describe (above). If you’re too busy or uncomfortable, hire a professional to do it for you.

Create some mechanism to save your passwords. There are several available, but I recommend using a free online password manager called LastPass. Finding yourself disabled because you can’t log into a website is just stupid. Don’t let this happen to you. In 2009, I made more money helping people recover lost and forgotten passwords than I did killing viruses and malware.

April: Get business-class tools

Get a smartphone that lets you send/receive email, take photos, browse the web, and back up your data to your computer. You won’t always be at the table, but customers will think you’re usually available.

Buy an accounting package. I recommend QuickBooks. You can run your business on it. Take the time to learn this, or if you’re too busy or uncomfortable, hire someone to do it for you.

Get a business class computer. The main factor here is cost. The business class computers I resell cost $900 and last over 5 years. You should expect this from the tool you will be using for business. I’m not talking about a $300 dedicated netbook. I’m talking about a business class computer that you will use exclusively for business. Shop $300 Kids Specials. This will help keep them away from your business class tool.

Use an off-site backup mechanism. In this book, I discuss offsite backups and the cloud in detail. Review both strategies and decide which one you will adopt. Remember, something is better than nothing.

May: To become legitimate

Build a website or hire someone to build one for you. Since you’re just starting out, you don’t need a fancy one. You need one that works, has correct spelling and grammar, and represents your company in a positive light.

Get professional business cards. You might be surprised how cheap they get when you order 1000 or more.

Catch up. I gave you a lot of work in February, March and April. Use the free time this month to catch up.

June: Wrap loose ends

Find a small business owner support group in your area.

Find small business advocates online. In addition to my connections on Facebook, LinkedIn and Twitter, I found Wall Street Journal Small Business on Twitter. Subscribe to this list. You can also contact me on these three sites.

Filter out the cons. Starting a business here is not an easy task. Filter the negative news out of your life. This includes the nightly network news, political talk shows, and trashy sitcoms. You can find intelligent and positive sources of information both on the Internet and on television. It will be a hard habit. To be strong.

With at least two weeks’ notice, tell your boss you’re leaving the company. To be strong. Do not accept counter offers.

to do no go to a bar with your colleagues.

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