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Flexible work arrangements: price what you want.

Flexible work arrangements may already give you some of what you want from a business. So write what you want on the left of one sheet. Then price each line in money or hours, and ask whether your job could deliver it.

Your price list, line by line.

To begin, this exercise takes one sheet of paper and fifteen minutes. On the left, first write what you actually want, not the wedding pitch. For example, more time with a specific person, or never sitting in that traffic. Also add choosing who you work with, or not asking permission for an appointment. Then, on the right, write what you would give up per month for each. Make it an actual number rather than a feeling.

Testing flexible work arrangements against each line.

Then comes the question you will want to skip. For every line, is there a version you could get without leaving your job? So go line by line, especially the one you wrote third and stared at. In fact, some of you will find flexible work arrangements already exist nearby. For example, reduced hours, a compressed week, a different manager, or a job three miles closer.

The evidence on whether these substitutes deliver what leaving does is thin. However, the wage penalty for negotiated flexibility inside employment appears small. For that reason, Chapter 13 gives this question a full chapter of its own.

When the list gets stuck.

This exercise tends to go wrong for people in two ways. First, you write things never said aloud, it gets uncomfortable, and you stop at three. Push through, because the embarrassing line is usually the real one. Second, your right column stays empty, since freedom feels impossible to price. Instead, ask what you turned down in the last three years to keep this job. Then put a number beside that.

Price your list against flexible work arrangements.

Write every real want on the left side of one sheet, including the embarrassing one.

Beside each line, add a monthly price and whether your job could provide it.

From the book.

The second is that your right-hand column comes out empty, because you genuinely can't put a number on freedom and it feels grubby to try. That's not a failure either. Try a smaller question instead. What did you turn down in the last three years in order to keep this job? A trip, a move, a Tuesday afternoon, a person. Put a number beside that one and you'll find you can price the rest.

I Want to Start a Business but I Can't Quit My Job, chapter 4: What you are actually buying

Questions about flexible work arrangements.

Can flexible work arrangements replace starting a business?

Sometimes, though the evidence on whether they deliver what leaving delivers is thin. Still, the wage penalty for negotiated flexibility appears small.

What if I cannot put a price on freedom?

Try a smaller question, such as what you turned down in the last three years to keep this job. Once you price that, the rest becomes easier.

How long does the price list exercise take?

It takes one sheet of paper and about fifteen minutes. Also, it belongs on the same page as your sentence, three things and four numbers.

Read the whole chapter.

This lesson covers one section of chapter 4, “What you are actually buying”. The book goes further, with the full evidence, the stories and every exercise.

Flexible work arrangements: cover of I Want to Start a Business but I Can't Quit My Job by Diego Segura