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.
J’Anmetra is uniquely positioned to understand the many nuisances business owners face when they’re just starting out. Coaching services are provided online, via email, in person, or via phone. As a survivor of Domestic Violence J'Anmetra has lived by the following quote that motivates her daily is from John Wooden
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