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Looking to move from a 9-5 job and become an entrepreneur? Learn how the Chou family made this transition and how you can too!
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Before Steve and Jennifer were married the two of them sat down and discussed what they wanted.
She was upfront and clear that she wanted to be a stay at home mom when they had children.
Fast forward a few years and they were expecting and she still wanted to quit her job. With their circumstances, they couldn't lose her income.
To off-set this change, they decided to start a business.
You might be wondering if they're running a business wouldn't it take away time from their family?
Steve and his wife decided they were going to run an online store. Instead of just doing it whenever they had free time, they ran it just like a brick and mortar business and were able to earn over $100,000 their first year!
Steve went over the highs and lows of the process on the podcast.
How Selling Wedding Linens Became the Family Business
Believe or not, they found their niche by going back to their wedding day.
Jennifer wanted to have linen napkins on hand for photos. They were unable to find a local vendor so they ordered from China.
Since they only used a handful of those napkins, they decided to sell the rest online. It was a huge success.
Bumblebee Linens was born.
Even though their business is based online, the Chou family had to make sacrifices of their evenings and weekends to get things in place.
There are no free lunches, so if you want to earn some extra expect to put the time in.
Through the years, they have worked together on ways to improve.
Steve remarked that there are more tools and options for those looking at opening up their own online store.
Steve still works (he loves what he does), but his wife is able to be home with the kids.
Starting and running a business isn't easy, but it has been worth the scarifce for the Chou family.
How to Quit Your Job
If you'd like to quit your job, Steve has a wonderful (and free!) video tutorial that can guide you through.
You can also catch his podcast to get interviews from those who have started their own businesses.
I've also written about becoming a part-time or full-time entrepeneur here. A few of the popular ones include:
- Using Your Creativity to Launch Your Career
- How to Start a Side-Hustle with Fiverr
- Develop a Money Making Hobby
Thoughts on Starting a Business
How many of you are thinking about or in the process of starting a business? For those who have a business up and running, what's been the hardest part?