How to Take Extended Time Off from Your Business

I’ve received several personal emails this last week asking me how I was able to take 7 months away from my business and what I did during that time.

I’ve posted a little about that on Facebook, so you may have seen it if you’re following my fan page or subscribing on my personal page.

This morning I was thinking of what I’ve learned that would apply to your life and your business. So, here you go!

Why would you want to take time off?Kapalua Bay Maui

You may not, but for me it’s been a common practice of mine my entire adult life. It’s part of my personality and the way I function to be active in the world, learning, growing, taking action and teaching what I learn. Then at some point I need some introspective time to have some distance, change my point of view and come back refreshed.

This photo is one of my favorite spots to recharge. It’s Kapalua Bay on Maui.

It could be something simple, just like hitting refresh on your browser to have things work at peak performance. Or it could be a major pivot point in my life. Either way the process is the same. I take a little or a lot of time to enjoy my own company and see what I want to do differently.

How is it possible to take an extended time off?

Here are four different ways of doing it.

  1. First, you could save up for it. I’ve done this in the past by giving myself a target of cushion by a certain date and if I hit it, I take that extended vacation.
  2. Another way is to diversify your income to the point that if you stop doing one thing that’s more active you have other streams of income. I’ve done this and spoke about it in the past if you’ve seen me at a live event sharing the example of my mothers sudden death and taking 6 months off with many autopilots pieces of my information marketing business still creating income without me.
  3. A third way would be to downsize your expenses in advance. I’ve done this as well.
  4. And one of my favorite ways to have an residual income you can count on is network marketing. I’ve been building my network marketing business on a part time basis for the last couple years and the income you generate depends on your level of activity and picking a company with a really great track record, innovative products in a high trending field and a top level compensation program so you maximize the return on your efforts.

Some of these suggestion may fit in your comfort zone and others may make you a little nervous. If it does make you nervous, what are your early worried about?

It’s possible for you to have a higher level of comfort with these options and taking the leap to take time off when¬† you have a clear vision for your life and your business. That’s is a whole other topic I’d be glad to speak to if you’d like.

Do you really need all that stuff that keeps you working to pay the bills?

I’ve been on a continuous downsizing since I first lived in Cabo in the 90’s. It’s a whole art in itself. The short version is I was very successful in my 20’s so by the time I hit my mid-30’s I was an expert at filling my closet and filling my home and traveling the world. Moving somewhere with no shopping and plenty of people living below the poverty line who were happier than many people I knew with big houses allowed me to rethink the whole¬† ‘more is better’ paradigm.

If you’d like me to tell you more or go deeper on any of these, let me know. I’m happy to share anything that will give you more freedom and more success in your life.

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2 Responses to How to Take Extended Time Off from Your Business

  1. Sue July 16, 2012 at 5:27 pm #

    Hello Lynn,

    I think planning is vital to taking extensive time off. And you suggested some really good ways to accomplish this on your post here.

    Thank you.

    P.S.–Sorry to hear about the passing of “Dr. Stephen Covey”

  2. Lynn Pierce July 16, 2012 at 5:36 pm #

    Hi Sue,
    Thanks for your comment. Yes, planning is vital and there are many ways to plan for extended time off depending on what you’ll be doing with the time, your expenses and your others sources of income.

    If you misjudge your finances you could be in big trouble quickly.

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