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Young Entrepreneur Forums » General Business » General Business » When Is It Time to Go Full-Time?



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Old 09-06-2009, 12:57 AM   #121 (permalink)
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Red face Looking for a partner for E-Commerce site

hi,

I have a online shop, anjumscollection. com
Welcome to Anjums Collection Website
I am looking for partners or investors for this venture.

Please PM me if you r interested.

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Old 09-10-2009, 03:47 AM   #122 (permalink)
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I would say, right away!
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Old 09-13-2009, 04:11 AM   #123 (permalink)
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Thanks for this.. so helpful.
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Old 10-15-2009, 08:00 AM   #124 (permalink)
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my view on this is that it depends on what business you are doing. some business you will be able to keep your day job while starting the business but some are just impossible. for me personally i would say that if you are starting a business, dumping that secure salary would made you work harder for the income which will give better chances of sucess rather than having the mindset of " oh well , i have a job to fall back to . i don't need to work so hard"

just my 2 cent
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Old 10-20-2009, 09:55 AM   #125 (permalink)
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when you can make the same amount plus the benefits such as having a vacation, health care cost, 401k, etc.
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Old 10-21-2009, 10:06 AM   #126 (permalink)
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Originally Posted by rejoice View Post
when your business income is double your earnings as an empoyee for 3 months straight

Yeah! That's possible. You can take the risk too. Many entrepreneur failed in this industry.

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Old 10-22-2009, 10:11 AM   #127 (permalink)
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Yeah it's great to go for the gusto but....

what happens when you're venture isn't producing the way it's supposed to so you can meet your upcoming financial obligations?

I think a good compromise is to have a 30, 60, 90 day plan before you pull the plug on steady income and being financially responsible.

In my plan on the 90th day, I have savings to live off of and have confirmed that my company is generating not just income but income I CAN LIVE OFF OF!!

It's ok to be agressive. Without action you won't get anywhere, however be smart about it.

That's my 2 cents.
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Old 10-24-2009, 05:24 AM   #128 (permalink)
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It really depends on the person and their situation.

I jumped out of my job as soon as I had even a thought of starting a business. I freed myself up and spent ages struggling through not earning an income before I could build my business enough to earn some coin. Even now though, I still earn less than I did 3 years ago when I had a steady job.... Hopefully soon that will change though!

Most people - A lot of people will start a business that compliments their current employment, if you can leverage your current job to give you a head start in business, that's a great advantage. Otherwise, if you're still going to be in the same industry, try sorting out a few deals to ensure when you get the ball rolling you can at least cover your overheads within a short time frame.
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Old 10-24-2009, 12:01 PM   #129 (permalink)
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Originally Posted by andrewrichardgale View Post
when the only thing you think and dream about is your business and even when your at work your thinking of ways to improve it but your job is taking up too much time
Bravo! This is it. When this overwhelming belief in your business hits it is time to go. Set yourself free!
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Old 10-24-2009, 07:26 PM   #130 (permalink)
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when the only thing you think and dream about is your business and even when your at work your thinking of ways to improve it but your job is taking up too much time

I do this all the time, but I think its important to know that you can make a living off your idea before you give up the steady paycheck and health insurance. I am not there yet, but one day!
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