JUMP, JUMP … Wait Don’t Quit Your Day Job

You think you’re ready? You’ve been doing this for a while and perhaps you have paying customers and things are going
great.  Before you JUMP into your business FULL TIME let’s look at some of the questions 

1.      How much are you making as a percentage of your day job?  
2.      How is the income trending from your  small business? Is it a steady income or sporadic? 
 
 Deciding when to quit your day job is a serious decision and  there any many factors that need to be considered before you make that JUMP. 
 
One of the things to look at is how much are you making as a  percentage of your day job? For example do you make $60,000 (yr.) at your  present employment and income from your business is equal to $30,000 a year? 
This would require a serious life  style change and a big sacrifice. Or perhaps you make $35,000 a year and the
income from your business is $40,000. It would seem as if everything would be  great.

Here are some more questions for you BEFORE you tell your  company exactly what you think:

 1.     Are  you customers regular? And dependable?
2.     Is  your income residual? Meaning if you’re not actively selling something will you still have income from your product or  service?
3.      Will  you be able to pay your bills from your  business?

If you can answer YES to all of these questions- CONGRATULATIONS  you are on your way.

However, if you are like most startups your customer base is not  solid just yet; at best you have a few clients perhaps every 6 to 8   months.

Starting your own business of nonprofit can be an extremely  exciting time nonetheless; you want to be careful about how soon you quit your  day job to pursue your business full time. 

I love to share information and make sure everyone can make an  informed decision. If you are just not sure where to go from here or if you are  wondering exactly what do I need to do about those sporadic clients- contact
Waddell Consulting Services today for your FREE 30 MINUTE  CONSULTATION.