10 min
41: When to Quit the Day Job Game Change Your Biz
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- Business
Welcome! How do you know when to quit your day job? If you’ve ever considered entrepreneurship, then you’ve been faced with this question. It’s one that requires careful thought, soul-searching, and planning. After all, making this transition most likely means leaving a steady paycheck and benefits for a period of uncertainty. Let’s talk about those challenges.
What you’ll hear in this episode:
Tips in preparing for this transition: Try to get rid of all your debt Save a year’s worth of living expenses Follow a business plan Create a personal financial plan Have a business financial plan Consider starting as an entrepreneur in a part-time capacity Think about new skills and network connections that might be helpful Consider finding a mentor Remember, there will never be a perfect time and a perfect situation to make this transition into entrepreneurship. The goal is to be successful in your endeavor. Good luck!
Welcome! How do you know when to quit your day job? If you’ve ever considered entrepreneurship, then you’ve been faced with this question. It’s one that requires careful thought, soul-searching, and planning. After all, making this transition most likely means leaving a steady paycheck and benefits for a period of uncertainty. Let’s talk about those challenges.
What you’ll hear in this episode:
Tips in preparing for this transition: Try to get rid of all your debt Save a year’s worth of living expenses Follow a business plan Create a personal financial plan Have a business financial plan Consider starting as an entrepreneur in a part-time capacity Think about new skills and network connections that might be helpful Consider finding a mentor Remember, there will never be a perfect time and a perfect situation to make this transition into entrepreneurship. The goal is to be successful in your endeavor. Good luck!
10 min