When Is It Time to Go Full-Time?

[Dmoore323]

It is time to go full-time as soon as you behold the idea.

[beheron]

Like many people have stated you need to have approximately 1 yrs cash reserve and to be mentally prepared for tough times ahead. Just about every start-up has had major issues to overcome, you need to have the perseverance to make it through those tough times. Also be sure your family is completely on board as well. They will have to accept "suffering" with you.

[crackah]

Originally Posted by rejoice

when your business income is double your earnings as an empoyee for 3 months straight

No I don't think that's true.

The circumstances change from person to person.

For this to happen... You need to be making....

say the average wage is 50k, you need to make 100k in your business part time?

Why not just keep both jobs, cos thats a sweet combined income...

Anyone who makes 100k part time in a business on the side.. well done.

[CSK001]

Thank you very much for this useful information. Please keep updating me on this.

[sagestatham]

im of two thoughts regarding this question.

On one hand, i believe that if you are committed, dedicated and have done your due-diligence on an online business or business(es) to be able sustain you financially whilst you are getting your business(es) online, then go for it!

On the other hand, if you have not done your due-diligence but you have funds saved to be able to take care of you for the first 3-6 months whilst you work on setting your online business up - then go for it as well!

so really, only you can know when the right time is to go full time in the online business arena!

[chuckmanley83]

It's time to go full time if you can support yourself. Easy as that.

[kr8807]

couldn't have said it better myself

[cupbucket]

Its important to make sure that you have a safe cussion. Rash decisions are not a good idea. Your job may suck but don't rush into quitting. Be prudent and mindful.

[cthompson]

I would say that if I'm able to juggle both and still sleep I would maintain both. After a year or two of cultivating the succesful venture and I'm able to live comfortably and afford healthcare, then I would make that transition.

[justy540]

Sleep is the first thing to go! I've been doing 5.5 hours a night on average for the last year or so. Coffee coffee coffee, so is the life of a self employed software developer. I try to get 10 hours on Friday night to make up for it, but I'm no longer tired during the day (or even at night, I have to force myself to go to bed, though ots often very tough for me to get up in the AM)

I'll sleep when I'm rich.

[latinahottie]

I used to earn approx $2,000 per month on my day job and about $5 bucks per week advertising revenue on my websites. When I started hitting $50 with my adsense and other affiliate programs, I figured that I could turn my sideline into fulltime if only I can put a little more time into it. So I started taking paid vacations and I use that time to promote my websites. Soon enough money was pouring in and it was exceeding my dayjob salary and that was when I decided to go fulltime.

One thing that I miss though are the dental and medical benefits but I guess I will do OK. I always brush my teeth and I hit the gym every other day anyhow to keep myself healthy and fit =)

[righthere]

The best to go full time is when your earnings in paid employment is lower than what ones is making as a part timer.

[Garycaston]

The best time to take the leap is when the best opportunity arises. For some, they base it on set income requirements, for others, it's when their heart races at the thought and they can't think of anything else... Some like to start when all the odds are against them other not until their are a hundred safety nets in place..

[itzpaul]

I think it all depends on your own personal satisfaction in how much you want to make.

I left fast once I made a lot, but didn't last that long.

I'm going to work again and continue. I'll take 2 paychecks until my business is $10,000/month PROFIT.

[janice2009]

When you have recognized the changes that would come and you are willing to accept those changes. A proper analysis about what would work better for you is important too and don't act on impulse as one could be easily possessed by the initial excitement of "something good".