When Is It Time to Go Full-Time?

[byrneof]

I would suggest that as soon as your business starts taking up most of your free time and making you some money then you should look at leaving your full-time job. However, I would recommend that instead of relying on your business for all your income, find a part-time job somewhere.

Work on your business during the day and the part-time job at night/weekends. If your business is making you enough money and you see a continuation of this revenue then leave the part-time job.

[dudleybdawson]

This is good information. Thanks for the feedback. I think it's time to go full time when you are making enough to survive.

[Viclogic]

When getting full time will make you more money than just being part time of it.

[ghosts]

why ur business is doubled

[Talha]

1 successful year in business may be.....

[jhonnys]

That's really good stuff. It is better to do a part time until your business catches the run. So, you won't loose your confidence and will feel good financially. Anyways Thanks for the post.

[FortuneDarryl]

I went full time when my residual reach my salary of my "real" job. All my bonus money is just gravy!!! God Bless. Join Fortune!!!

[luckyviva]

May be this is the time you actually need to go full-time

[onlinecashwebs]

I say when a bank is willing to grant you a fat loan based upon your business plan

[DetangledMedia]

IMO. Have an emergency fund/cushion. Build enough capital so that you can operate for a full year even if you don't get a single sale, but make sure you have income (as much as what you were getting paid) coming in before taking the leap.

[Sepiraph]

The answer to this question lately depends on an individual's answer to these questions:

- How much reserve do you need for emergency purpose? What is your debt/risk level, do you have mortgages/car payment/other debts to pay off?

I read somewhere that recommend one should allocate at least 3 months of salary for this type of purpose. Obviously you'd need more if you have to meet larger payment. For me personally, I think I'd want to have at least 6 months reserve.

- What is your business risk level? How constant is this income? Are you earning more on your business than your day job? Is keeping the day job interfering with the growing the business? Do a simple cost analysis in your head to weight out the pros & cons.

[pboychuk]

Before you go full time in something else!!

[benmaxime]

when you make more money from your hobby than your job

[dalex]

I believe there are several key factors in this question and the more important factors are as stated below:

1) When you pull in more work than part time and have no choice but to quit your job. Only working for 4-5 hours a day have a job... "Insurance".

2) When you are making at least what you are making at your current job after expenses and taxes have been paid.

[GermanAudioTech]

I agree with everyone above. Quit when you are 1) ready to dedicate some SERIOUS time to your new endeavor 2) When your endeavor has the potential of at least 3x your current income 3) you are passionate about your new direction and don't consider it work.