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Overcoming Fear
turntwo21
subscriber Posts: 2
Hey guys,
I currently work at a full-time job that I dislike. 7 months ago, though, I started up a part-time web design business, that has really taken off.
I'm hoping the experts can share their knowledge as to when the right time is to financially to make the leap to being a full time business owner, and leave the security of a full-time paycheque. Are their certain things I should be looking for before I make the jump?
Thanks!
I currently work at a full-time job that I dislike. 7 months ago, though, I started up a part-time web design business, that has really taken off.
I'm hoping the experts can share their knowledge as to when the right time is to financially to make the leap to being a full time business owner, and leave the security of a full-time paycheque. Are their certain things I should be looking for before I make the jump?
Thanks!
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Comments
Is the business self sufficient, i.e., generating adequate profits to pay your monthly household expenses?
Do you have 6 months worth of living expenses saved up to carry you if business drops off and you can't generate profits to pay living expenses?
Ed Baloga, CPA / MBA Principal CFO Baloga Associates www.twitter.com/edbaloga