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Leaving existing job before starting new company
juststarting
subscriber Posts: 2
Hi everyone,
This is my first post. Looks like alot of valuable information on this site. I have a question on how to handle starting up new business before leaving current job. I have a partner in my new business that must quit her job before starting due to noncompete issues. She is in same line of work. I am in a totally different field and currently work 4 days a week. More than willing to work weekends and evenings to get the company going. We want to start up the new business as partners but have a conflict as to my continuing to work while starting up. I need the income and the new business won`t be ready to roll for several months. Any suggestions??
juststarting
This is my first post. Looks like alot of valuable information on this site. I have a question on how to handle starting up new business before leaving current job. I have a partner in my new business that must quit her job before starting due to noncompete issues. She is in same line of work. I am in a totally different field and currently work 4 days a week. More than willing to work weekends and evenings to get the company going. We want to start up the new business as partners but have a conflict as to my continuing to work while starting up. I need the income and the new business won`t be ready to roll for several months. Any suggestions??
juststarting
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Comments
I would look at this as a red flag. If you are having a conflict even before you begin what might it be like once you start the business? I am in the same situation that you are in. I work part time while I am getting my business up and running. My dedication to the business isn`t any less because I work part time, it just means that I would like for my kids to have a home and food while I`m in startup mode.
My suggestion would be to come to an understanding before you being or don`t enter into a partnership. If you still want to do the business, you could find another arrangement for the business that would let you participate in the profits, etc without being tied to a partnership if things go poorly between you.
Good luck!
Tracy
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