Listen to the podcast here:
Handing In Your Two-Week Notice with Amy Coats
On this episode, I have with me Amy Coats and she is the Founder of Two Week Notice Society. She helps corporate women get their online businesses up and running so they can leave their 9 to 5 and be the women they dream of becoming. Amy, welcome.
Thank you for having me.
What is your background and how did you come up with this?
I was in the corporate world for many years. I was always doing something in the accounting field. I was a financial controller for several years. I always say that accounting doesn’t change much, so I got bored in my job. I was doing a lot of operations, project management, human resources and things like that in my last corporate position. I took those skills and started an online business where I was offering those services to virtual clients. I was able to replace my income pretty quickly and leave. However, I realized that because I scaled so quickly, I felt I was back in my corporate job and I wasn’t that excited about it. I had all of these people asking me how I was able to leave and I was coaching them. I then realized there was this market and all of these people who also wanted to leave their 9 to 5 jobs. That is how Two Week Notice Society started.Don't mimic what other people are doing just because you see them having success with it. Click To Tweet
I can relate because I was in Corporate America. While I was there, I was a bit entrepreneurial prior to that and sold many multimillion-dollar businesses. I decided to be president of a national healthcare company and I had a few miserable years. All of a sudden, one day I was like, “Enough is enough and I’m leaving,” and I quit my job. I started my coaching and consulting business. I had 30 clients in 30 days. I was surrounded by friends and family going, “Help me do what you did.” From that, my number one bestselling book, my first book came out many years ago called Work Yourself Happy. I know that the audience will relate as well. The name Two Week Notice Society is brilliant. How did you come up with that? I resonate with that so much.
It was four women in an Airbnb in Florida. We were doing a mini-mastermind in-person retreat. It was an accumulation of all of our ideas and thought. Once it came, it was like, “That’s it.” We’ve never turned back.
What is the number one reason that you feel women in Corporate America are burnout, ready to do something else? Why online businesses?
Most of the people that I see or work with is that they’re not doing work that’s no longer fulfilling them. It’s that job. They go there and they get the paycheck. They’re miserable. I always say that also bleeds into other relationships as well, which can be an issue. The online space is there’s a low entry fee. You can get a Facebook page if you need to get started and start helping people in a more fulfilling way. You don’t have to have a brick and mortar where you go and buy all this inventory of products or there’s a huge investment. It’s putting yourself out there and getting started.
I remember when I first quit my job, the way I did it was two ways. Number one, I had already built up a lot of financial resources because I had sold several of my businesses. Number two, I also had a few clients on my back pocket as a transition plan. The day that I quit my job, I started amping up my client attraction plan and have 30 clients in 30 days. What do you feel? Do you feel that if someone wants to leave, they should start their online business now? When do they start their online business?Two-Week Notice: Your business has to be something you’re really passionate about.
I’m a huge advocate for creating a freedom fund. I had to create my business as a secret because I didn’t want my 9 to 5 to know. I know a lot of people encounter that, but I teach and believe that you should be able to replace your income or whatever that number is for you before you leave your 9 to 5. I feel you’re going to feel more confident. You will have more success. Coming from a financial background, it probably makes sense to you but it also creates sustainability in your business as well.
As you’re talking to women who want to do this, what are the reasons they want to leave their corporate job? What’s the number one thing that drives them?
I find they want to spend more time with the family. They want that freedom or flexibility, however that looks for them. It’s being able to be with their child when they’re sick rather than having to have someone else watch them or not being able to call in sick to your job or being able to take time off and be more present with them.
I always feel sad when I hear someone say, “My kid’s in a school play, but it’s during the day and I can’t go. They’re going on a field trip and I’d love to go but I can’t go,” or whatever it is whether it’s their child or their grandchild. I use this phrase a lot. I say that a lot of people have become wage slaves where they’re tied to what hours you’re going to work, how much money you’re going to make, how much vacation are you allowed to take versus understanding the beauty of having their own business? How do I know where to start? It’s like, “I’d love to have an online business,” but then I go, “What can I do?” Where do you start people at?
I usually start with their strengths. Your business has to be something you’re passionate about. I say that from experience because when I first started my service-based business, doing those economy tasks for other clients, I could easily do it but I wasn’t passionate about it anymore. Now, I have this huge drive and passion for impacting women and creating that ripple effect. I don’t mimic what other people are doing because you see them having success with it and you think, “I can do that. I’ll start that business.” It has to come from within. Sometimes it takes making that mistake or trying something before you uncover or unpack what it is you’re truly passionate about.Sometimes it takes making that mistake or trying something before you actually uncover or unpack what it is you're truly passionate about. Click To Tweet
What about somebody who says, “I’m passionate about nine different things?” I see much of that where everybody’s scattered. How would you direct them and advise them?
I do have people that come to me and they say, “I want to start these three businesses.” I was like, “Let’s start with one. If you could prioritize, what would you do?” I’m a total big believer in multiple income streams, but defining them and combining them under something that makes sense to your ideal client is the best way to package that.
I was messaging with someone who saw one of my Facebook Lives and she said she had quit her job. She started an online business and she was being told that there are too many competing online businesses on the internet. Should she also look to start a different business? What do you think about that?
What I say to that is everyone has their own journey. You heard my story. It’s a little bit different. I maybe talk about something different than the next person who is doing business coaching as well. People are going to resonate with you and if you share your story, your journey and what you went through, you are going to find different people that are going to resonate with you. There may be people that are popular in the online space that I don’t resonate with but you love. There’s space for everyone. I heard that in 2020, they’re predicting mass amounts of people to become entrepreneurs. It’s even more important that you share your story and your own journey.
I love that about you that you’re transparently sharing yours as well. Those women in Corporate America who were thinking, “I’m ready to leave now,” or might want to leave in the future or know at some point you’re going to want to either retire or you want some extra income, Amy Coats has a great plan for you. How can people get in touch with you and find out more?
How many times are people sitting around and secretly or out loud saying, “If only I could quit my job and give my two-week notice?” Two Week Notice Society is a fantastic name and it gives the result that people are looking for. It’s been a delight to have you and I love that we have a resource for our Heartrepreneurs who want to have a successful online business. Thank you, Amy, for being here at the show.
Thank you so much for having me. I appreciate it.
For the audience, thank you for joining me. The reason I always tell you to subscribe is because I don’t want you to miss anything. If you didn’t subscribe, you might have missed this interview with Amy Coats. To be honest with you, I don’t want you to miss anything. We are quick. We are simple. We create lots of value. We give you resources. We ask you to connect with the guests because they have come here and they have delivered massive value for you. Two Week Notice Society is where you want to go at this point. Don’t forget, you can go to HeartrepreneurAcademy.com. There are many free resources there. You set up an account and then you go in and there’s $10,000 worth of free coaching and consulting resources. Nothing to buy, all being given away as my way of passing it forward and giving back. I want to thank you for tuning in. We’ll see you next time.
- Two Week Notice Society
- Work Yourself Happy
- @TwoWeekNoticeSociety on Facebook
About Amy Coats
Amy Coats is an Entrepreneur, Corporate Exit Strategist, CFO, and founder of Virtual COO Solutions & Two Week Notice Society. After 20 years in the corporate 9 to 5 world, she realized she was destined for something far more satisfying. But it wasn’t enough for her to find her happy place in the world. She created Two Week Notice Society to empower women who feel the same way she did when she left the 9 to 5 grind and started her entrepreneurial journey. She is passionate about helping corporate women get their online businesses up and running, so they can leave their 9-5 and be the woman they dream of becoming! Her strategies contain the exact steps she followed to make it to the other side and love life all over again.