Should you quit your job to start a business?

[Syldan]

Actually quitting your jobs to start a business has alot of effect on your financial status and sometimes it will be vety difficult for you to cope up later.

Some of the questions are, what if the business couldn't succeed ?

 

[Chibson]

Quitting your job to start a business is a very good idea if you are interested in achieving financial freedom and you have dreams of starting your own business. Not everyone is interested in starting a business.

 

[Ernestnari]

This is a situation where you would have to clearly weigh the pros and cons very carefully. Although, I know some people that took this decision instantly and it worked for them. I as a person can leave to a job to start a business.

 

[Chibson]

This is a situation where you would have to clearly weigh the pros and cons very carefully. Although, I know some people that took this decision instantly and it worked for them. I as a person can leave to a job to start a business.

I don't think anyone can just do that instantly and it works.
They might have thought about it for sometime before taking such a decision. leaving your job to start a business is a good option if you have a very good business idea.

 

[Ernestnari]

I don't think anyone can just do that instantly and it works.
They might have thought about it for sometime before taking such a decision. leaving your job to start a business is a good option if you have a very good business idea.

This is when an emergency fund can prove to be really helpful. With an emergency fund that can sustain you for at least three months, you can buy that time to build the business to profitability. Honestly speaking, there are some businesses that one cannot combine with a job. You have to give up one for the other.

 

[Chibson]

This is when an emergency fund can prove to be really helpful. With an emergency fund that can sustain you for at least three months, you can buy that time to build the business to profitability. Honestly speaking, there are some businesses that one cannot combine with a job. You have to give up one for the other.

It is always very important and necessary to have an emergency fund if you want to leave your job to start a business. If not you may actually be making a very big mistake because you will be in a hurry to maximize profit.

 

[Ernestnari]

It is always very important and necessary to have an emergency fund if you want to leave your job to start a business. If not you may actually be making a very big mistake because you will be in a hurry to maximize profit.

If you know you eventually want to leave to start your own busines, you start saving up am emergency fund from the first month you start working. Don't be in a rush to resign. Make sure your emergency fund is enough to sustain you for some time.

 

[Chibson]

If you know you eventually want to leave to start your own busines, you start saving up am emergency fund from the first month you start working. Don't be in a rush to resign. Make sure your emergency fund is enough to sustain you for some time.

Probably, you must have enough savings so that you will not run into financial crisis. it is also very important and necessary you have financial management strategy so that you can be able to cater for yourself when you have not started making profit from your business.

 

[Syldan]

Actually quitting your job to start a business, is not an option even though it depends on the kind of job you do and the level of incom you generate from.

There are some jobs that don't pays well so I believe if I have a better business, I will definitely quit.

 

[Ernestnari]

Actually quitting your job to start a business, is not an option even though it depends on the kind of job you do and the level of incom you generate from.

There are some jobs that don't pays well so I believe if I have a better business, I will definitely quit.

It is difficult to make that move especially when you consider how the economy is. But when you do a job that leaves you in debt every month, you can just decide to brace it and face your fears.

 

[Abigael]

It is difficult to make that move especially when you consider how the economy is. But when you do a job that leaves you in debt every month, you can just decide to brace it and face your fears.

With the economy, it is so difficult indeed to quit a job. But then if the amount you earn is not great and you have to borrow to make your ends meet, you can look for a business to do. I know it is risky but what is life without taking risks?

 

[Genie01]

If you are not earning a tangible amount of money from your job I'll advise you to start up a business, by that I think you can be able to earn money an take care of your bills.

 

[Chibson]

It is difficult to make that move especially when you consider how the economy is. But when you do a job that leaves you in debt every month, you can just decide to brace it and face your fears.

I don't see the reason people should stick to jobs that leaves them in debt every single month. I think that is actually a bondage. It is better to leave such job and begin your own business.

 

[Joy123]

Before taking this step, you need to ask yourself this question before taking this step. "why do I want to start a business?"is it because you don't like your job? Or because you want your business idea to work so badly that you can't stand not working on it anymore or?, both? If it's the job then, you may not be ready for the leap, spend more time thinking and debating around this idea with people and most importantly, with yourself. Switching job, career or a break might be the answer.

 

[Abigael]

If you are not earning a tangible amount of money from your job I'll advise you to start up a business, by that I think you can be able to earn money an take care of your bills.

Doing a side business alongside your job would really help with the expenses. Just make sure that you have the time for business that won't affect your job. Then only quit your job when your business is very well established and earning you well.

 

[Abigael]

If you are not earning a tangible amount of money from your job I'll advise you to start up a business, by that I think you can be able to earn money an take care of your bills.

Doing a side business alongside your job would really help with the expenses. Just make sure that you have the time for business that won't affect your job. Then only quit your job when your business is very well established and earning you well.

 

[hastral45]

It depends on the nature of business you intend to start. There are some businesses you can start along with your job while some demand your time fully. As a result of this, you have to quit your job.

 

[Syldan]

There are some jobs that I personally I wont advise you to quit simply because you want to start a business because there may be alot of people who are waiting for you to leave so that can come in and take your position.

The problem is, what if the business couldn't worked out well for you?

 

[Chibson]

Doing a side business alongside your job would really help with the expenses. Just make sure that you have the time for business that won't affect your job. Then only quit your job when your business is very well established and earning you well.

This is actually very true. It is not advisable for you to depend on one source of income. if you are doing a job you can also have a side business whether in the online space or offline space.

 

[Ononivami]

It is not proper to quit your job to start a new business if you have not gained enough ground . I would advise you to run both together until your business has gained enough recognition and could generate huge sales.