Summary
Autymn, a former W-2 employee, shares their journey of transitioning to self-employment in the financial field. They initially aimed to match their previous W-2 income to cover bills, which they achieved within a year. Now in their third year, they’ve hired a full-time employee and are considering expanding by purchasing other firms. Autymn credits Wayne for providing reassurance and support during their initial doubts. They were allowed to participate in an online convention before joining, which helped them understand the business better. Autymn reflects on their cautious approach in the first year, moving slowly to avoid being overwhelmed. This strategy paid off, as they were better prepared for the influx of clients in their second tax season. Autymn advises others not to be afraid and to trust that things will work out according to plan.
Chapters
Transition from W-2 to Self-Employment
Autymn discusses their transition from being a W-2 employee to self-employment. Their initial goal was to match their previous W-2 income to cover bills, which they achieved within about a year.
Business Growth and Future Plans
Now in their third year of business, Autymn has hired a full-time employee and is considering expanding by purchasing other firms in different areas.
Support from Wayne and Initial Doubts
Autymn credits Wayne for providing reassurance and support during their initial doubts about transitioning to self-employment. Wayne spent time having conversations with Autymn, assuring them of their potential success.
Participation in Online Convention
Before joining, Autymn was allowed to participate in an online convention, which helped them learn about the business and appreciate Wayne’s genuineness in allowing them to explore before committing.
Advice to Self and Cautious Approach
Autymn reflects on advice they would give to their past self, encouraging not to be afraid and to trust the process. They also discuss their cautious approach in the first year, moving slowly to avoid being overwhelmed with too many customers.
Success in Second Tax Season
Autumn’s cautious approach paid off in their second tax season, as they were better prepared to handle the influx of over a hundred new clients. They attribute this success to their careful marketing and lead generation strategies.
Action Items
- Autymn mentioned considering purchasing other firms in different areas to expand her business.
- Autymn advised not to be afraid and to trust that things will work out according to plan.
- Autymn suggested moving faster in the first year of business, based on her experience of moving very slowly initially.
- Autymn emphasized the importance of careful marketing and setting up lead generation strategies to prepare for business growth.
Transcript
So I didn’t really have a dream. My plan was this better work because I got bills to pay. So one of the things was, I mean, I was W-2 my whole life. I needed to make what I made W-2 or we were going to have serious problems.
So, I mean, that was my goal originally was to just pay our bills. Fortunately, I mean, that happened within a year, you know, yeah, just about a year. I was at the point where I was making as a W-2 employee.
So now it’s my third year and I just hired a full-time employee. And I’m actually hopefully looking at buying other firms in different areas. I would say Wayne, he was my first part of contact and he spent a lot of time having conversations with me and, you know, reassuring me that I definitely could do this and that I would have no problems and, you know, that it was, you know, something I’d be good at.
And because I was very, I guess I would say doubtful, not doubtful, but reluctant because I didn’t want to put my family through any more stress with all the, you know, times of being laid off. Because when you’re in the financial field, layoffs are easy and you’re the first one usually to get cut because you’re the one, you know, that’s a higher ranking typically and they just need to cut costs.
You’re expendable. Meeting with him and talking with him and then, you know, before I even joined, he allowed me to listen to them. They were doing an online convention because it was still after the pandemic.
And he allowed me to be a part of that. And I learned a lot of what they do through there. And I just thought that I was really genuine of him to allow me in there to see if I wanted to do this or not.
To not be so scared, do what I tell other people to do. It’ll be fine. It’ll work out. There’s always a plan. And the universe is gonna follow all that plan that you’re meant to follow. Don’t try not to be too afraid.
Then maybe I would have told myself to move a little bit faster because in my first year, I did move very, very slowly. I mean, like really slow. But I wanted to make sure that I didn’t get overwhelmed with too many customers.
I mean, after I hit that one year, that tax season after my first one. I had a hundred and so many people walk in the door. I would have not been prepared for that at the very beginning, nor would I think I would have gotten that many had I not taken my time with my marketing, with setting myself up on certain things, certain things that I do myself that create leads and generate business.