Do you want to quit your job to start a business? Here’s when to quit a job and follow your dream and when not to do that.
Your job is an asset.
Don’t leave your job too soon if your business hasn’t built up enough momentum yet, otherwise you’ll simply be unemployed. So how do you know when it’s time to quit your job and pursue your dream?
The answer is: Only do it if you actually have a business.
Most people who start a “business” don’t really have one. If you have a youtube channel or a blog or an idea that doesn’t put real money into your bank account right now, you don’t have a business.
Period.
In this situation, quitting your job wouldn’t be courageous. It would simply be stupid and show you have a lack of self-awareness.
The same goes if you’re thinking about dropping out of college. You have to earn it. It’s a decision that you can only take if you have where to land. If you already have a more or less stable ground to work with a.k.a business.
If your business makes no money, your job is your only asset.
Why would you burn the only asset you have?
However, if you have a real business that puts money into your bank account, and your business has some serious momentum, then you’ve got an asset to replace your old asset (your job).
This is a proper scenario to consider leaving your job: you quit your job because you need to invest your time to make the business and your income grow even more. It’s a necessity.
So quitting your job is really a question of good timing and a matter of finding the sweet spot between momentum and financial security.
Make a smart decision about this.
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