Keeping a steady job can help sustain you while your business is just getting off the ground. Here are five factors to consider before letting go of your 9 to 5.
Sick of working on your business when you’re not at your 9 to 5? I bet you are. Though you would likely love to quit your day job to focus on your business fulltime, the question of ‘when’ is often puzzling to young entrepreneurs. After all, if you leave prematurely, you may run out of cash quicker than you might think. And let’s not forget about that precious health insurance that you’d be giving up if you quit.
Still, your end goal won’t always be elusive. Here are five considerations that will help you make the right decision at the right time:
Your responsibilities. Are you single with a simple, cheap lifestyle? If so, you’re better equipped to take more chances and leave your full-time work earlier. And if push comes to shove, you might be able to move back in with Mom and Dad or sell your car if you have to.
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